$72m total investment acquired by Careem since inauguration
Around 15 females work with Careem as captains in its Egyptian fleet
Menna Samir
242 Articles
Latest by Menna Samir
BP broadens stake in Egypt’s West Nile Delta project
Company acquired 22.75% in the North Alexandria concession as well as 2.75% in West Mediterranean Concession
Annual inflation rises to 11.8% YoY in November
Figure compares to 8.5% registered in the same period the preceding year
EU grants €32m for wastewater expansion project in Egypt
500,000 inhabitants in 79 villages in Kafr El-Sheikh to benefit from the project
EU grants €30m for expanding access to education in Egypt
EU’s contribution to programme will help establish 1,200 community schools in “disadvantaged” Egyptian governorates
Pharos holding closes $20m deal for Meivo International
Cairo based Meivo International sells 51% of its stake to Saudi SPIMACO
New ‘Car City’ raises controversy
The 20-year usufruct system hinders idea of establishing New Car City, says businessman
Obstacles discussed at Egypt Automotive summit
Several investment plans by Nissan are on hold due to foreseen risks, says Nissan GM
Sigma Capital to raise issued capital to EGP 100m in 2016
Two IPOs to be launched in pharmaceuticals and construction sectors by mid 2016
Foreign journalists between caution and refusal to visit Egypt
“If I were planning a vacation, Egypt would not be on my list,” says Nigerian journalist
Philips addresses healthcare gap in South African township
Mobile clinic serves 1,000 patients a month in poverty-stricken community
LED lighting reduces energy consumption by up to 80%: Philips Lighting CEO
Philips is working on converting old street lighting in Cairo to LED and HID technologies
Philips considers partnering with local Egyptian producers: South Africa CEO
We are in discussions in Egypt about manufacturing consumer products with local private companies, says JJ Van Douneng
Alaa Arafa’s Dolphinus signs letter of intent to import gas from Israel
Dolphinus’ is expected to receive 4 BCM of gas per year over 10-15 years with final agreement
Minister of Industry flies to Abu Dhabi for Egyptian-Russian-Emirates Fund discussions
Qabil to meet with officials from Russia and the UAE to outline works of the fund and agree on amount of capital
IFC provides power to 10.7 million MENA customers in 2014
IFC’s contribution to energy sector aided in raising the region’s capacity with an excess of 10,000 GW
CBE to inject $1bn after new governor officially takes office
Last week CBE issued $1bn as part of bank’s plan to flood the market with a total of $4bn to meet the requests for foreign currency in import contracts
Afreximbank closes syndicated loan worth $525m for EEHC
Facility will be used to import gas turbines and other related equipment supplied by General Electric
CPTDC to invest $10m in Egypt’s oil sector: Company official
China Petroleum Corporation is looking for a local partner in the public sector to pursue investment plan
62 production sharing contracts signed by Egypt: EGPC Chairman
12 contracts signed in pipeline sector
World Bank to give $1bn out of $6bn to Egypt before year-end
1.5m acres reclamation project on top of government agenda
Siemens, Elsewedy Electric sign €2bn power plant agreement
Project is expected to begin operations by end of 2016 and to reach full capacity by mid-2018
Careem acquires funding worth $60m
Abraaj Group is a lead investor in the new deal for the application-based car service provider
Amer Group’s net profits in 9 months decline to EGP 111m
Splitting up the group, paying back securitisation deal main/temporary reasons behind decline in profits, says Investor Relations Manager
Talaat Mostafa Group’s net profits up by 8.9% in 9 months
Group sales reached approximately EGP 5.177bn, exceeding group’s objective of EGP 4.68bn
Women most affected by regional challenges: Nasr
An independent commission was formed in Egypt to eliminate all types of discrimination against women
EFG Hermes’ net profits inch up to EGP 120m in Q3 2015
Growth was primarily driven by a strong boost in revenues that reached EGP 668m
70.5% of investments made in FY 2014/2015 were from private sector
A national leasing company can harm rather than support the leasing sector, says investment minister
Leasing sector’s portfolio mainly goes to real estate projects: Experts
We’re still at the tip of the ice berg; there are various opportunities in the sector, says Executive Chairman at EFG Hermes Leasing
World Bank agrees to raise Egypt’s portfolio to $6bn: Nasr
World Bank highly considers giving $3bn loan to support budget, the first since 25 January Revolution