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Sodic subsidiary signs EGP 2.57 bn medium term facility with AAIB
DEBT WATCH- Sodic subsidiary signs EGP 2.57 bn medium term facility with AAIB: Sodic subsidiary Soreal Real Estate Development signed…
IFC selling its stake in AUB Egypt?
M&A WATCH- Is IFC selling its stake in AUB Egypt? The International Finance Corporation (IFC) is reportedly selling its 10%…
Alta Semper raises stake in Macro Holding to 80%
M&A WATCH- Alta Semper ups stake in Macro Holding to 80%: Private equity outfit AltaSemper Capital has raised its stake…
Insurtech, crowdfunding startups and other fintech players could soon face new FRA regulations
LEGISLATION WATCH- Insurtech, crowdfunding startups and other fintech players could soon face new FRA regulations: The Financial Regulatory Authority (FRA)…
Fawry receives CBE approval for bank transfer service
Fawry gets CBE nod to partner with state-owned bank for transfer service: E-payments platform Fawry has received preliminary approval from…
Egypt’s exempts Cairo Opera House from July-September entertainment tax
CABINET WATCH- Cabinet grants Cairo Opera House an entertainment tax exemption as venues reopen: The Madbouly Cabinet has approved a…
Kashier Payments raises undisclosed amount of seed funding
STARTUP WATCH- Egyptian e-payments startup Kashier Payments has raised an undisclosed amount of funding from a group of investors in…
Elves raised USD 2 mn from Sawari Ventures in latest funding round
STARTUP WATCH- AI startup Elves raised USD 2 mn from Sawari Ventures and other unnamed investors in the follow-on investment…
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