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Abraaj LPs vote to give Actis the right to manage defunct firm’s sub-Saharan Africa, Asia funds
M&A WATCH- Limited partners in Abraaj funds have reportedly voted in favor of giving Actis the right to manage the…
Egypt’s Grand Nile Tower Hotel taps Sherif Medhat as commercial director
MOVES- Cairo’s Grand Nile Tower Hotel has appointed former Hilton executive Sherif Medhat (LinkedIn) as its commercial director, according to…
Nader Samir appointed head of General Authority for Roads and Bridges
MOVES- Transport Minister Kamel El Wazir appointed Nader Samir head of the General Authority for Roads and Bridges, according to…
Supply Ministry looking to reduce subsidy recipients’ monthly sugar allowance
The Supply Ministry is looking at potentially reducing the amount of sugar it hands out to ration card holders each…
Uber Egypt partners with Dryve to connect drivers with cars
Uber Egypt has partnered with peer-to-peer car sharing platform Dryve, a peer-to-peer car-rental platform, according to an emailed statement (pdf).…
Constitutional amendments are not game-changing for US-Egyptian relations
Constitutional amendments are a not game-changer for US-Egyptian relations: Egypt’s planned constitutional amendments, which could extend President Abdel Fattah El…
World Bank sees Egypt’s GDP rising 6% in 2021
World Bank sees Egypt’s GDP growing 6% in 2021: Egypt’s GDP will grow 5.8% in 2020 and 6.0% in 2021,…
Gov’t revises oil price forecast to USD 70 per barrel in 2019-20 budget draft
The government has revised downwards its oil price forecast for FY2019-20 to USD 70 per barrel, down from USD 74…
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