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HDB sees second resignation this week as deputy chair of engineering Mohamed El Alfi steps down
MOVES- HDB sees second resignation this week as deputy chair of engineering leaves the company: Mohamed El Alfi has resigned…
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Egypt’s Cabinet approves temporary tax dispute resolution bill
CABINET WATCH- Ministers approve temporary tax dispute resolution bill: The Madbouly Cabinet approved yesterday a temporary, six-month law to facilitate…
Waste management startup Bekia raises USD six-figure investment
STARTUP WATCH- Cairo-based waste management startup Bekia raised a USD six-figure investment from Oman-based OTF Wadi, Menabytesreports. Bekia is an…
Egyptian trucking app Trella acquires rival company Trukto
STARTUP WATCH- Trella acquires rival Trukto: Egyptian digital trucking marketplace Trella has acquired its local rival Trukto, making it the…
Banks to run background checks on businesses under new working capital financing regulations
REGULATION WATCH- CBE issues new lending regs to banks: The Central Bank of Egypt (CBE) on Tuesday issued new regulations…
FRA to ask Education Ministry for clarification on school foreign ownership cap
FRA to ask Education Ministry for clarification on school foreign ownership cap: The Financial Regulatory Authority (FRA) is requesting clarification…
Mystery company Estadat takes over Presentation Sports
M&A WATCH- Mystery company Estadat takes over Presentation Sports: Newly-founded Estadat Holding has acquired 51% of Presentation Sports, which owns…
Egypt signs USD 1.1 bn funding agreement with ITFC
Egypt to get USD 1.1 bn IFTC loan for commodity imports: Egypt has signed a USD 1.1 bn funding agreement…
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