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FinMin scraps Customs Act, plans to send it back to public discussion
LEGISLATION WATCH- FinMin scraps proposed Customs Act amendments: Finance Minister Mohamed Maait has scrapped a set of proposed amendments to…
Egypt’s Orascom Investment acquires 30% of Sarwa for EGP 1.59
M&A WATCH- OIH completes 30% acquisition of Sarwa at EGP 7.36 per share: Naguib Sawiris’ Orascom Investment Holding has acquired…
Careem in talks with banks in Egypt to finance drivers’ cars
Ride-hailing app Careem is in talks with three Egyptian banks to expand financing plans for Careem drivers who want to…
CBE looking into issuing digital currency
Central bank still poking into crypto: The CBE is still working on feasibility studies on the potential issuance of a…
CBE considering allowing new int’l banks to enter Egypt
Will the central bank issue new licenses to international players looking to set up shop in Egypt? The Central Bank…
Egypt’s Carbon Holdings inks equity framework agreement for TPC with African Finance Corp.
CLARIFICATION- Carbon’s TPC inks equity framework agreement: Tahrir Petrochemicals Corporation and Lagos-based Africa Finance Corporation (AFC) have signed a USD…
Careem diversifies with the launch of a delivery service
Careem launches delivery service in Saudi and the UAE: Careem has launched Careem Now, a separate app that aims to…
WhatsApp publishes full-page advert in Al Ahram advising users on security
WhatsApp published a full-page advert on the last page of state-owned Al Ahram advising its users on security while using…
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