Egypt’s PM stresses gov’t’s support for industrial sector amid Russian-Ukrainian conflict
To be specific, the meeting discussed the results of the financial and monetary measures taken by the Egyptian state to deal with the negative economic repercussions of the ongoing global…
EFG Hermes completes advisory on $6.1bn IPO of state-owned DEWA on the DFM
This is the largest ever listing in the Middle East since 2019 and a first-of-its-kind transaction of a public company in Dubai.
Egyptian Cabinet approves draft law prohibiting underage marriage
During its weekly meeting, the Egyptian cabinet approved on Tuesday a draft law prohibiting underage marriage.
ADQ acquires stakes in five largest Egyptian companies in deals worth $1.8bn
The shares that were bought are as follows: 17.1% from the CIB, 21.25% from Abu Qir Fertilisers, 33% from Alexandria Container Handling, 12.6% from Fawry, and 20% from MOPCO.
Russian invasion to shrink Ukraine economy by 45% this year: World Bank
Emerging economies in Europe, Central Asia also hit hard
Geidea collaborates with Fatoura to provide digital solutions for retailers
The partnership allows merchants to manage their stock of goods through the Fatoura application, and provide Geidea services of all kinds, including accepting electronic payment and bill payment services.
Elections necessary to bring Libya out of cycle of transitional governments: US ambassador
US works with key actors on all sides to maintain stability, meet most important needs of people: Norland
ADQ acquires stake in CIB with a value of $911.457m
ADQ also executed another transaction on Fawry’s shares for 215.124m shares at a value of $68.598m
Orange Egypt signs exclusive agreement with Visa for Orange Cash customers
This exclusive agreement comes in line with Orange’s keenness to enrich its customer experience with advanced services. Orange Cash customers will manage to conduct online and in store purchasing transactions…
Egypt’s Ambassador to Brussels discusses cooperation in agriculture and employment with EU officials
The meeting tackled ways to strengthen cooperation between Egypt and the EU in the field of agriculture, particularly with regard to raising the capacity to deal with food crises, use…