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Danone partners with Abraaj in USD 25 mn investment in West Africa dairy producer
French dairy producer Danone is partnering with Abraaj Group in a USD 25 mn investment in west Africa-based Fan Milk,…
Earnings watch: Orascom Construction, Domty, Cleopatra Hospitals Group, Integrated Diagnostics Holdings all report 1Q17 results
EARNINGS WATCH- Cleopatra Hospitals Group reported a 29% rise in net income to EGP 29 mn in 1Q17 as revenues…
Cairo Angels invests in EdTech startup Orcas
Cairo Angels is investing in EdTech startup Orcas, formerly known as Cairo Sitters, Cairo Angels announced yesterday. Orcas is a…
Egypt saw highest percentage growth of FDI in Africa in 2016 - EY
Egypt saw the highest percentage increase in foreign direct investment in Africa in 2016, growing 43.5%, according to EY’s Africa…
Banque du Caire IPO timed for 2018
IPO WATCH- Egypt expects to raise as much as EGP 7.2 bn from the IPO of Banque du Caire by…
EFG Hermes inaugurates Pakistan office
Regional investment bank EFG Hermes announced it has opened its office in Pakistan, “making it the first foreign investment bank…
Egypt, Philippines should be frontier markets -Mobius
Mobius thinks Egypt should be reclassified as frontier: Emerging markets icon Mark Mobius said he believes the Philippines and Egypt…
Gov’t targets primary surplus next fiscal year, sees economic growth at 4.6%
The Finance Ministry made its budget proposal public yesterday (pdf, Arabic, 146 pp): The government is targeting a primary surplus…
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