News
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Founder of PraxiLabs Egypt chosen for finals of Africa Business Heroes
Khadija El Bedweihy will go up against founders from 6 African countries in November’s finale: Botswana, Egypt, Ghana, Kenya, Nigeria, Rwanda, Uganda.
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HSBC Egypt launches Evolve to facilitate FX trading
HSBC Evolve gives corporate clients ability to perform wide range of trading activities all in one place.
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Hitachi consortium wins Saudi-Egyptian power interconnection contracts
The first large-scale HVDC interconnection in the MENA region will enable Saudi Arabia and Egypt to exchange up to 3,000 MW of electricity.
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Egypt to borrow EGP 633.25bn from local market
It comes as part of the government’s plan to borrow EGP 633.25bn from the local market during the second quarter (Q2) of fiscal year (FY) 2021/22.
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Egypt’s Dorra Group expands in Middle East
The group has been strengthening its operations across the Gulf and MENA regions
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Qatar Airways boosts Egypt services
The twice weekly Sharm El-Sheikh service will launch on December 3, operating on Tuesday and Friday.
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Egypt to get French funding for pioneer wholesale market
The wholesale market in Borg El Arab near Alexandria would be followed by the development of 14 similar markets in Egypt to improve food security.
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UAE Min. of Economy lauds economic renaissance in Egypt
UAE Minister of Economy Abdulla bin Touq al-Marri hailed huge presidential and governmental projects and the economic renaissance in Egypt.
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Ameer Sherif appoints a new CEO for Wuzzuf and Forasna
Ameer plans to move on to focus on VC, public policy as many Egyptian startups are attracting huge investments from global VCs every year.
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Health Minister discusses cooperation with South Korea
Cooperation includes research, clinical trials for serums, vaccines, and biologicals.
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3 Egyptian banks to launch investment trust for fintech start-ups
The National Bank of Egypt, Banque Misr and Banque du Caire aim to launch a trust to support fintech start-ups with an overall EGP100bln capital.
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Flat6Labs closes $10M seed fund for Tunisian startups
In May, Flat6Labs completed the close of its Egypt-based fund — Flat6Labs Accelerator Company fund (FAC) — at $13 million.
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Nasser Alshaali appointed Chairperson of HSBC Egypt
A member of a number of private and public executive and board directorship roles in the region, Nasser brings a wealth of experience.
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Egypt Sells $3 Billion of Bonds
Egypt joined a rush of emerging-market governments taking advantage of low borrowing costs.
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Telecom Egypt comments on stc-Vodafone deal
Vodafone ended talks with stc on the sale deal in December 2020.
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Egypt is developing its maritime ports
Egypt is boosting its blue economy through comprehensive plans to develop its maritime ports starting with Alexandria.
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Ezbet Khairallah project cost at LE57 mn
A delegation from the French Development Agency, the European Union, the Small, Medium and Micro Enterprise Development Agency to finance.
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Egypt to export electricity to Cyprus, Greece in October
Egypt is set to sign two agreements for electricity export to Cyprus and Greece in October.
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Recommendations for digital transformation in universities
The forum was organized by the Higher Education Ministry over two days in Ain Sokhna city.
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Egypt’s state-owned e-finance to go public
The offering is anticipated to include a primary issue and sale of up to 177 million ordinary shares on the EGX.