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Israel presses pause on Egypt gas exports following US strikes on Iran. PLUS: Yacht tourism initiative, GE Healthcare + Al Safi Group
Israel had only just resumed gas exports on Thursday after a six-day pause
MSMEDA and Egypt-active VCs to launch Egypt’s first unified startup portfolio platform with World Bank backing
The World Bank and MSMEDA are sponsoring the initiative
Sky AD to develop a 430-feddan plot in Ras El Hekma
The real estate said last year that it was in talks with the government over a 200-600 acres plot in…
Budget supermarket chain Kazyon is set to fully acquire Minya’s Upper Egypt for Concentrates. PLUS: Tanmiya Capital Ventures + Vital Pharma, Bel Egypt, Pickalbatros, Bolt, Akh Gold, Erada Microfinance
The acquisition will be financed via a capital increase of an unspecified size
Vodafone International Services, Raya CX, and others given greenlight to open new call centers. PLUS: GlaxoSmithKline, NHS + EHA, MSMEDA + Tanmiya Capital Ventures
The government wants to see digital outsourcing services bring USD 9 bn into the economy annually as of 2026
Tanmeyah, MSMEDA to lend out up to EGP 200 mn to microenterprises. PLUS: News from Smokery, House, ACDIMA
The two sides will hand out loans of up to EGP 220k to some 10k microenterprises
Pachin to delist from EGX. PLUS: MPs want answers on blackouts + news from Qatari Diar, Capricorn Energy and the SME development authority
Emirati firm National Paints Holding acquired more than 80% of the company from the government earlier this year
Sovereign Fund of Egypt’s authorized capital doubles to EGP 400 bn. PLUS: News from Sodic, Avanz Capital.
SFE chair Hala El Said said recently that the fund’s authorized capital will reach EGP 1 tn within three years
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