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Egypt’s annual headline inflation cools again in October
Headline inflation cools again in October, ramping up expectations of a rate cut this week: Egypt’s annual headline inflation rate…
Egypt, Ethiopia, Sudan agree to US-backed technical talks
Egypt, Ethiopia, Sudan agree to 15 January deadline for technical talks: Egypt, Ethiopia and Sudan yesterday agreed to hold further…
MM Group net profits double in the first 9 months of 2019 to EGP 357 mn
EARNINGS WATCH- MM Group reported a 52.9% y-o-y increase in 9M2019 consolidated net profits to EGP 357 mn, up from…
EFG Hermes tops Egyptian bourse brokerage league table in October
EFG Hermes topped the EGX’s brokerage league table for October with a market share of 18.5%, according to figures released…
Egyptian e-commerce platform Gatjed secures USD 250k funding from angel investors
STARTUP WATCH- Egyptian e-commerce platform Gatjed has secured USD 250k in funding from several unnamed Egyptian and Gulf angel investors,…
Tripdizer raises USD 300k in seed round led by 500 Startups
STARTUP WATCH- Tripdizer has raised USD 300k in a seed round led by accelerator 500 Startups, reports Menabytes. The round…
Cabinet approves USD 500 mn World Bank loan for Egypt’s social housing
CABINET WATCH- Ministers approve World Bank social housing loan: The Madbouly Cabinet signed off on the USD 500 mn loan…
Structural reforms are key to improve Egyptians’ quality of life, says World Bank economist
Structural reforms are the key to bring trickle-down effect of economic improvement across Egyptian social classes, says World Bank economist:…
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