#Egypt

Atos

Atos opens new Global Delivery Center in Cairo

The company signed an agreement with the Egypt’s Information Technology Industry Development Agency to expand operations in the country

Sideup

Egypt’s Sideup raises $1.2m to grow its e-commerce platform

The startup will launch Saudi Arabia operations with investment in a new office and local hiring

Agthia completes acquisition of majority stake in Auf Group

Agthia completes acquisition of majority stake in Egypt’s Auf Group

Agthia has acquired 60 per cent of the Auf Group, with the Egyptian company’s founders retaining a 30 per cent stake

Amea Egypt

UAE’s Amea Power completes $1.1bn renewable energy deal in Egypt

The company will build, own and operate the 500MW solar PV plant and 500MW wind farm in the country

Cop27

Will it be business as usual after COP27?

COP27 and COP28, being held in Egypt and the UAE respectively, place the Middle East at the centre in efforts against climate change. Here’s what the region can contribute towards building sustainable future

sustainability

Framing sustainability success will help create impact where it matters most

From ESG reporting and finance to climate risk assessment, business leaders must recognise sustainability as a core element of their business strategy and plan accordingly

UAE President to attend COP27 in Egypt

The conference will welcome world leaders, heads of government, and representatives of international bodies and civil societies

Climate activists and world leaders head to Egypt for COP27

COP27 begins, world leaders arrive in Egypt

With more than 2000 speakers and over 40,000 participants, the event will oversee leaders and activists share ideas, solutions and innovative projects for climate action

sustainable waste management in Egypt

Sharjah’s BEEAH Group, Green Planet partner to advance sustainable waste management in Egypt

The two entities will implement waste management strategies that align with Egypt’s sustainability agenda

Carrefour Egypt partners with Merge to provide sign language interpretation

Carrefour Egypt stores will offer sign language interpretation

Carrefour has partnered with Merge, an IT company to launch simultaneous sign language interpretation in its stores

Egypt post

Egypt Post signs agreement with SAP to establish an integrated system for cloud solutions

The agreement will allow Egypt Post to study, analyse and develop current business cycles in a practical way

AD Ports Group

Abu Dhabi’s AD Ports Group completes first international acquisition

The group acquired a 70 per cent equity stake in two Egypt-based maritime companies – Transmar International Shipping Company and Transcargo International

Tabby Egypt

UAE’s buy-now-pay later platform Tabby expands to Egypt

Tabby works with multiple brands including Lacoste, L’azurde, Faces, In Your Shoe, Kai Collections, Ariika, Marcqa, Dresscode and Floward

Stake

Dubai’s property investment platform Stake raises $8m in pre-series A funding

The company plans to invest the new capital in advancing its product and technology, upscaling its brand, and expanding operations across the region

green hydrogen masdar uniper

Saudi’s Alfanar, SCZone to launch $3.5bn project to build green hydrogen plant in Egypt

The $3.5bn project will use renewable energy sources and produce 500,000 tons of green ammonia from 100,000 tons of green hydrogen annually

Tourist project

In pics: UAE President, regional leaders inspect tourism project in Egypt

The leaders were briefed about the five-star hotel which features several tourist facilities

ADIB Egypt

ADIB, Simplifi partner to expand Egypt’s digital payment ecosystem

Both the organisations will work together to help companies issue scheme-enabled prepaid cards by reducing cost to launch and time to market

EFG Hermes Holding announces Q2 2022 results Karim-Awad

EFG Hermes Holding reports 28% rise in Q2 revenues to EGP2.1bn

The group announced that net profit before tax rose by 8 per cent YoY in Q2 2022 to EGP623m.

Saudi wealth fund starts company for Egypt investments

The company will invest in swathes of Egypt’s economy from infrastructure and real estate to pharmaceuticals

ADNOC DISTRIBUTION gets 50% STAKE IN TOTALENERGIES EGYPT

ADNOC Distribution acquires 50% stake in TotalEnergies Marketing Egypt

The acquisition is expected to be completed in Q1 2023 pending satisfaction of certain conditions, including customary regulatory approvals

Nigeria

Nigeria startup to expand electric vehicle use in African push

Metro Africa Xpress raised $31m last year to develop an EV market on the continent

CNNB Solutions

UAE e-commerce firm CNNB Solutions expands to Kuwait

The company supports brands with their e-commerce and direct-to-consumer strategies, to help them reach more customers

Saudi company Afanar to invest in Egypt-GettyImages-1080377280

Saudi Arabia’s Alfanar Global Development to invest SAR2bn in Egypt

The agreements – focused on tech for renewable energy, IT, digital solutions and cybersecurity – were signed on the sidelines of Saudi Crown Prince Mohammed bin Salman’s visit to Egypt

UAE minister Sheikh Abdullah bin Zayed meets Egyptian President in Cairo

UAE foreign minister Sheikh Abdullah meets Egyptian President in Cairo

The two leaders discussed the importance of joint coordination, essential to consolidating peace in the region

Saudi crown prince regional tour

In pics: Saudi Crown Prince Mohammed bin Salman’s regional tour

The Crown Prince left Turkey on Wednesday, June 22, bringing an end to his regional tour that also took him to Egypt and Jordan

valU EFG-Karim-Awad

FAS Labs, valU partner to offer digital consumer finance services in Saudi Arabia

The agreement will accelerate the geographical expansion of valU and provide digital finance solutions to consumers in Saudi Arabia through FAS Finance

uae jordan egypt industrial partnership

UAE, Egypt and Jordan agree on $10bn industrial partnership investment fund

The five areas that the three countries will cooperate on include food, agriculture and fertilisers; pharmaceuticals; textiles; minerals and metals; and petrochemicals

EFG Karim Awad

EFG Hermes Holding posts net profit of EGP345m in Q1 2022

EFG Hermes Holding’s sell-side revenues grew by 61 per cent y-o-y to EGP494m supported by revenues from the investment banking and brokerage divisions

Bravado Gaming

Bravado Gaming announces its debut in Middle East, Africa

The Bravado expansion will include the establishment of bases in South Africa, Egypt, the UAE, and Saudi Arabia

Egypt carbon dioxide

Egypt to store carbon dioxide in cooperation with Italian Eni

The project will capture and store between 25,000 and 30,000 tonnes of carbon dioxide per year