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Late-week EGX30 rebound has helped to steady share slide
Late-week EGX30 rebound helped stymie share slide: Despite the EGX30 being the second-worst performing equity index of last week, a…
Central Bank of Egypt cuts rates by 100 bps, in line with expectations
In line with expectations, CBE cuts rates: The Central Bank of Egypt’s Monetary Policy Committee (MPC) cut interest rates by…
Egypt detains over 1.1k people after protests, say rights groups
Rights groups claim more than 1.1k people have been detained after protests last weekend, according to Reuters. The arrests were…
Heikal Foundation for Arab Journalism awards EGP 250k prizes to two young journalists
Heikal Foundation for Arab Journalism awards EGP 250k prizes to two young journalists: The third edition of the Heikal Foundation…
Malpass pledges more World Bank support for Egypt’s infrastructure projects at UNGA meeting with El Sisi
WB boss Malpass pledges more support for Egypt’s infrastructure projects: The World Bank is looking to push on with “its…
France’s Valeo to open two new customer service centers in Egypt
INVESTMENT WATCH- France’s Valeo to open two customer service centers in Egypt: The Information Technology Industry Development Agency (ITIDA) has…
Egyptian e-commerce startup MaxAB raises USD 6.2 mn in seed investment
STARTUP WATCH- Cairo-based e-commerce startup MaxAB has raised USD 6.2 mn in one of the MENA region’s largest-ever seed rounds,…
Fortune 500 company Prudential Financial to invest in Egypt’s Sarwa Insurance
INVESTMENT WATCH- Prudential Financial to invest in Sarwa Insurance: Fortune 500 insurance firm Prudential Financial’s impact investing arm has inked…
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