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How much can returning Egyptian expats affect the country’s unemployment rate?
From the Department of the Obvious: Egypt could see sharp upticks in unemployment if waves of GCC expats return to…
Consumer finance companies get six-month extension to comply with Consumer Credit Act
REGULATION WATCH- Consumer finance companies will get an additional six months to complete their licensing and bring their operations in…
Egypt’s economy to achieve pre-pandemic growth in FY2021-2022 -World Bank
Egypt’s economy will return to pre-pandemic growth rates in FY2021-2022 -World Bank: The World Bank is the latest addition to…
Ithmaar Bank ups its stake in Faisal Islamic Bank to 14%
M&A WATCH- Bahrain’s Ithmaar Bank has acquired its subsidiary Faisal Investment Bank of Bahrain’s shares in Faisal Islamic Bank of…
Egypt to invest EGP 36.7 bn into green projects in FY2020-2021
INVESTMENT WATCH- Egypt will invest EGP 36.7 bn in green projects during the current fiscal year, accounting for around 14%…
Proparco commits USD 11 mn to Lorax Capital’s Egypt-focused LCP II fund
INVESTMENT WATCH- Proparco has committed USD 11 mn to Egypt- and SME-focused private equity fund LCP II, the French Development…
Abu Dhabi sovereign wealth fund invests USD 1 bn in LuLu’s Egypt expansion
INVESTMENT WATCH- Abu Dhabi’s sovereign wealth fund ADQ Holding will invest USD 1 bn in retailer LuLu’s Egypt expansion, the…
How anticipating Egypt’s needs led Fawry to success
Fawry was fintech before “fintech” was even a word: Fawry founder and CEO Ashraf Sabry is our guest on this…
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