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IDG-led consortium to sign MoU to develop Beni Suef dry port. PLUS: Jumia + Aman, Valu + EBI, Rakta + Al Ahly Pharos, Kima + Tecnimont
The port project could require some USD 500 mn according to a local news outlet
Spinneys Egypt opens EGP 50 mn supermarket in Obour
The retailer plans to enter two more governorates with seven new branches by June 2024
Coffee With: Ahmed Galal Ismail, CEO of Majid Al Futtaim
Majid Al Futtaim CEO Ahmed Galal Ismail talks MAF’s strategy moving forward and Egypt’s investment potential
Ezdehar to expand Zahran footprint by acquiring Alfa Market stores
Financially stricken Alfa Market is selling off branches to avoid defaulting on its debt
Some investors are interested in state-owned Sinai Manganese. PLUS: Al Habtoor likes the SFE — and news from Suez Cement, TMG, Russian wheat
The company is one of 35 officially earmarked by the government for privatization
Beltone Venture Capital acquires 20% of home decor brand Ariika
Ariika will use the EGP 31 mn in fresh capital to expand in Saudi Arabia and increase export volumes
Awlad Ragab to sell EGP 850 mn in assets to pay debts -Asharq
The company has closed doors at dozens of branches this year
Abu Auf to enter KSA this year? PLUS: News from the CBE, Pickalbatros
Abu Dhabi wealth fund ADQ acquired a majority stake in the Egyptian food company last year
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