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Egypt captures 25% of all startup deals in MENA
Egypt had the highest number of startups deals in MENA capturing 25 percent of all deals, while the UAE saw the…
Egypt sells 7,500 feddans in new capital for EGP 300bn
The proceeds from the sale of 17,500 feddan in the first phase of the New Administrative Capital project amounted…
Orange Egypt targets $135 investments for data centre in new capital
Orange Egypt is targeting a total volume of investments $135 million in establishing and operating a new data…
World Bank delegation to visit Egypt in first high-level meeting since 2014
Egypt’s Minister of International Cooperation Rania El-Mashat announced on Monday that a high-level delegation of…
El-Sewedy Electric signs EGP 1.2 bln contract to upgrade Cairo regional centre
El-Sewedy Electric, a leading wires, cables, and integrated energy solution provider in MENA and Africa, has signed…
Egypt’s net foreign reserves grow to $45.42 billion at 2019-end
Egypt’s net foreign reserves grew 0.14 percent to $45.419 billion in December from $45.354 billion in November, the…
Suez Canal Insurance, Hannover Re renew reinsurance deal for 2020
Egypt’s Suez Canal Insurance has renewed a reinsurance contract with German reinsurer Hannover Re for another year.
Four Egyptian construction vying for $250 mln Central African project
Four Egyptian construction companies are competing to win mandates for an infrastructure project in an African…
Egyptian food company Fruttella eyes 15% growth in 2019/20 exports
Egypt’s Fruttella for Food Industries aims to boost its exports by 10-15 percent during the 2019-2020 agricultural…
Banque Misr says led syndicated loans worth $1.4 bln in 2019
Banque Misr said on Sunday it had been the mandated lead arranger for 13 syndicated loans totalling 22.73 billion…