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Madinet Masr announces first project outside of Cairo. PLUS: Raya CX expands in KSA, Weitz medical warehouses
The Zahw mixed-used development in Assiut will feature almost 1.3k residential units
Earnings watch: Telecom Egypt, MM Group, Housing and Development Bank, Raya Holding, Eastern Company, and Abu Qir Fertilizers report results
EARNINGS WATCH- Telecom Egypt reported EGP 4.1 bn in normalized net income in 1Q 2023, rising 144% y-o-y, according to…
Aman wants to launch in Saudi Arabia within 3 months. PLUS: Money GB Auto + Dara’s Ice Cream, FinMin appoints sukuk company board
Aman is working with a mystery Saudi partner to launch in the kingdom
Raya CX earnings nearly double in 2022
Raya Customer Experience’s (Raya CX) net income rose 93% y-o-y to EGP 42.2 mn in 2022, according to its latest…
Earnings watch: CI Capital + Raya Holding
EARNINGS WATCH- CI Capital reported EGP 796 mn in net income after tax and minority interest in 2022, rising 17%…
Crypto platform Rain throws in with MoneyHash on payments. Plus: STV is fundraising and Raya’s accelerator inks pact with GIZ
MoneyHash’s API will allow Rain to add payment service providers and payment methods across the Middle East and Africa.
Ibnsina to invest EGP 200 this year. Plus: Kima, e-finance, Aman, Luberef
INVESTMENT- Ibnsina Pharma to invest up to EGP 200 mn in 2023: EGX-listed pharma player Ibnsina Pharma plans to invest…
Raya’s Aman Financial Services issues EGP 400 mn in securitized bonds
Aman taps securitized market: Raya Holding’s non-banking financial services outfit Aman Financial Services issued EGP 403 mn in securitized bonds,…
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