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Egypt targeting USD 11.2 bn in foreign investments by 2022
Egypt sees foreign direct investment at USD 11.2 bn in 2022, with inflows into renewable energy opportunities contributing c. 12%…
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Earnings Watch: GB Auto, Orascom Development Egypt
EARNINGS WATCH- GB Auto reported a consolidated net profit of EGP 240.4 mn in 3Q2018, reversing losses of EGP 138.9…
House backs legislation to tax social media ads
House backs legislation to tax social media ads: MPs will support the Finance Ministry’s drive to collect taxes on domestic…
CIRA to IPO Badr City medical complex
IPO WATCH- CIRA will eventually look to IPO its Badr City medical complex: Private-sector education provider Cairo Investment and Real…
Careem invests USD 100 mn in bus service in Egypt, with pilot set to launch before end of year
INVESTMENT WATCH- Careem’s USD 100 mn bus service in Egypt scheduled for pilot run. Careem has invested USD 100 mn…
EAEF to invest USD 3 mn in in primary care clinic chain Dawi
INVESTMENT WATCH- EAEF to invest USD 3 mn in primary care clinic chain Dawi: The Egyptian-American Enterprise Fund (EAEF) announced…
BP to invest USD 1.8 bn in Egypt next year
INVESTMENT WATCH- BP repeats nearly USD 2 bn investment pledge as Egypt budget rises: BP will invest USD 1.8 bn…
UAE’s Mubadala buys 20% interest in Egypt’s Nour concession
M&A WATCH- UAE’s Mubadala buys 20% interest in Egypt’s Nour concession: The UAE’s Mubadala Petroleum has agreed to buy a…
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