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Egypt settles overdue export subsidies with 31 companies
Gov’t settles overdue export subsidies with 31 companies: The trade and finance ministries have signed agreements with 31 foreign and…
Abu Qir could join Morgan Stanley EM Index post-stake sale -Naeem
Abu Qir could make it onto Morgan Stanley’s EM index after it completes its planned secondary stake sale, according to…
Is Egypt reviving a zombie solar panels factory project?
Is Egypt reviving a USD 2 bn zombie solar panel manufacturing project? A Chinese partner will reportedly be contracted in…
Egypt’s FRA accepts EGX proposal to extend short selling period to 6 months
REGULATION WATCH- FRA accepts EGX proposal to extend short selling, settling margin position period to 6 months: The Financial Regulatory…
Online furniture marketplace Homzmart raises USD 1.3 mn in seed round funding
STARTUP WATCH- Online furniture marketplace Homzmart has raised USD 1.3 mn in seed round funding from China’s MSA Capital, the…
Egyptian food-tech startup Elmenus raises USD 8 mn in series B round
STARTUP WATCH- Elmenus raises USD 8 mn in Algebra, Global Ventures-led series B funding round: Cairo-based food-tech startup Elmenus has…
Israel mulls bumping up LNG exports from Egypt
Israel mulls bumping up LNG exports from Egypt. Israel’s Delek Drilling will decide this year whether to expand its natural…
Egypt is expected to cut nat gas prices to factories in 1Q2020, analysts say
Egypt to cut natgas prices to factories in 1Q2020, analysts say: Plunging natural gas prices and market oversupply are increasing…
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