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Raya Contact Center’s board greenlights full acquisition of Gulf CX. PLUS: Oxy Egypt’s UAE expansion, new private freezone plans, Ras El Hekma marina greenlit
Raya CX acquired an 85% stake in the company in 2021
Beltone inks strategic partnership with the UAE’s Comera to develop payment, financing products. PLUS: Thames Freeport + Gorilla Technology, industry fund, Belmazad, Fawry
Comera Financial Holding runs a video call and messaging application called Comera
Telecom Egypt eyes USD 500 mn loan from Chinese lender. PLUS: Credit Agricole, Hyundai Rotem, UK Export Finance, ADES, Haier, Islamic Trade Finance Corporation, EgyptAir, Matouk Bassiouny
The company will reportedly pay for the loan in CNY given that a portion of its revenue stream originates from…
Cabinet approves USD 88 mn auto cables plants, ATIDI membership, fresh foreign assistance
The factory will earmark a sizable portion of its output — made using 60% locally-sourced materials — to exports
US International Development Finance Corporation mulls financing Actis’ Gabal El Zeit acquisition. PLUS: Saudi SMEs to expand in Egypt, The HUB plan new frozen food factory, UAE’s Horizon Egypt eyes North Coast project
This comes only a few weeks after the European Bank for Reconstruction said it was reviewing a proposed loan for…
Egypt, Belarus ink agreements to boost trade and investment
The agreements include an MoU to boost investment in each other’s stock markets
Chinese USD 146 mn iron pipes factory breaks ground. PLUS: A Thai USD 20 mn sportswear factory in the works, EGP 100 mn home appliances factory for Egypt’s Tredco
The USD 20 mn clothing factory will be the first Thai industrial project in Egypt
Germany’s Smart Automobile teams up with Ezz El Arab Group for Egypt EV venture. PLUS: BPE Partners gears up for acquisitions, an oil freezone with the UAE in the works, eKhalas team up with Balad
The German EV maker wants to bring its electric vehicles to the local market in 3Q 2024
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