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DigiFi Network raises pre-seed funding from Toronto based Loyal VC
STARTUP WATCH- DigiFi Network raises pre-seed funding from Toronto based Loyal VC: Egyptian data-for-Wifi startup DigiFi Network has raised an…
Hutchison Ports signs USD 730 mn agreement with navy to construct Abu Qir container terminal
INVESTMENT WATCH- Hutchison Ports has signed a USD 730 mn agreement with the Egyptian Navy to build and operate a…
Raya’s BariQ receives FRA approval for a EUR 40 mn green bond offering
DEBT WATCH- BariQ, Raya’s recycling unit, receives FRA approval for a EUR 40 mn green bond offering: The Financial Regulatory…
Auto sales up 14% y-o-y in July
Auto sales rebound in July: Auto sales showed signs of recovery in July from a downturn in the second quarter…
EFG Hermes, GB Capital close acquisition of majority stake in Tokio Marine’s Egypt arm
M&A WATCH- EFG Hermes and GB Capital have closed their acquisition of 75% of Tokio Marine Egypt Family Takaful, the…
Egypt’s reliance on tourism weighs on economic vulnerability -report
Egypt’s economy faces “intermediate risk” from covid because of its reliance on tourism, the European Investment Bank (EIB) said in…
Greek parliament to cast final vote on East Med accord on Thursday:
Greece’s parliament to cast final vote on EastMed accord with Egypt today: The Greek parliament will be casting votes on…
Consumers are complaining about prepaid electricity meters
Prepaid electricity meter users are complaining that they are being overcharged for their consumption, according to the local press. Consumers…
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