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Your rundown on the industries the gov’t thinks are priorities going forward
The Sisi administration has a new basket of structural reforms in the pipeline — and these are the industries most…
No vaccine arriving in Egypt until mid-2021?
We can see the beginning of the end for covid in Egypt, but it may not be until mid-2021:. That’s…
Big new rail company plans to invest USD 10 bn + tons more rail transport news from Cairo ICT
INVESTMENT WATCH- Big new rail company plans to invest USD 10 bn + tons more rail transport news from Cairo…
The debt market is really heating up heading into 2021
DEBT WATCH- The debt market is really heating up heading into 2021: Two securitized bond offerings worth a combined EGP…
Zed Sports confirms acquisition of majority stake in FC Masr
M&A WATCH- Sawiris’ sports investment company Zed Sports has acquired a majority stake in FC Masr, CEO Ahmed Diab confirmed…
Sports startup Eksab raises USD 500k from VC outfit 4DX
STARTUP WATCH- Cairo-based sports startup Eksab has raised USD 500k from Africa-focused VC firm 4DXVentures, a companystatement (pdf) said yesterday.…
Hotel occupancy rates fall sharply due to pandemic
Hotel occupancy rates in Cairo nosedived 67% y-o-y so far this year amid the pandemic-induced slump in tourism, according to…
Uber applies for license under ride-hailing legislation
Uber has applied for an operating license under recent legislation governingride-hailing companies, General Manger Ahmed Khalil said in an interview…
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