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Money
UAE’s Chimera officially acquires 56% of Egypt’s Beltone
UAE-based investment company Chimera Investments is now the official majority shareholder of the Egyptian…
Knorr-Bremse awards supply contract from Siemens Mobility for train operation in Egypt
Siemens Mobility has awarded German based company Knorr-Bremse a supply contract to equip 15 high speed Velaro…
Orange Egypt selects Nokia to modernise network
Orange Egypt has selected Nokia to modernise Subscriber Data Management (SDM) solution to support the operator’s…
ExxonMobil aims to increase investments in Egypt – ministry
U.S. oil company ExxonMobil aims to increase its investments and develop its activities in fuel marketing and…
Bank of England unveils largest interest rate hike in 27 years
The Bank of England has on Thursday raised interest rates by 50 basis points, its largest single increase since…
Egypt’ Banque Misr opens representative office in Kenya
Egypt’s second biggest lender, Banque Misr has obtained on Tuesday a licence to operate a representative office in…
Apple sells $5.5 billion in bonds to fund buybacks and dividends
The American electronics company Apple Inc sold high-quality bonds on Monday worth $ 5.5 billion in four segments…
Egypt’s Arab Developers Holding to invest EGP 1.5 billion this year
Egypt’s property development firm Arab Developers Holding, formerly Porto Group, said on Tuesday it plans to invest…
Dollar climbs to strongest since Dec. 2016 vs Egyptian pound
The U.S. dollar strengthened further against the Egyptian pound on Tuesday, trading at 19.07 against the Egyptian…
Homzmart collects $23 million Pre-Series B round
Homzmart, the Middle East’s online shopping for furniture and home goods, has recently got a Pre-Series B…