Egypt hosts abundant solar and wind resources that enable renewable power generation at competitive costs
The company estimates that around 20 million people across Egypt could benefit from early wage access
Nuwa Capital, Shorooq Partners, and 4DX Ventures co-led the round, which comprised investors from all across the world
The markets it plans to exit made up about 1 per cent of total group income in 2021
FAB had offered to buy a majority stake in EFG-Hermes in February
The group CEO, chairman of the executive committee, and member of the board of EFG Hermes Holding, shares the company’s key milestones
It is part of the kingdom’s efforts to support Egypt’s economy
A feasibility study will be conducted into the future development of Ain Sokhna Port to explore potential investment opportunities to enhance its capacity
Scaleups in the UAE raised $5.4bn as of December 2021
The group’s revenues crossed the EGP6 billion mark for the first time
The tripartite meeting was held in Egypt
The elevated prices are triggering concerns about growing food insecurity
Gulf Capital has already invested over $300m in Egypt in sectors such as technology, infrastructure, manufacturing, petrochemicals and healthcare
UAE-based National Petroleum Construction Company signed agreements with leading Egyptian companies to explore growth opportunities in the MENA region
The company, a joint partnership between Abu Dhabi’s ADNOC and the Netherlands-based OCI, reported a revenue rise of 113 per cent to $3.31bn in 2021
The field could contain around 100 million barrels in reserves
The lender reported its profit jumped 33 per cent in 2021 to Dhs4.4bn
Whether it is acquiring new international brands or developing homegrown concepts, when an opportunity presents itself, we go after it
Sun & Sand Sports, a GMG brand and the Middle East’s sports retailer, is already slated to open at the City Centre Almaza as well as Mall of Egypt
It marked a 107 per cent year-on-year rise over the $182m it received in 2020
Dana Gas has invested over $2bn since first entering Egypt in 2007
Production is set to begin in 2023, with output increasing to an annual 20,000 units over three years
GMG will become the official distributor partner for Nike in Egypt by June 2022, covering everything from brand management to retail and distribution
Its passenger volumes in the third quarter totalled 6.7 million
AD Ports signed an MoU with the Egyptian Group for Multipurpose Terminals, the commercial arm of the Egyptian Ministry of Transportation
The consortium is offering a purchase price of EGP20 per share, valuing the company at $453m
The latest decision comes following a decline in the number of new Covid-19 cases in Kuwait
The group is pursuing a strategy to grow through acquisitions and investment in its food and beverage business
Demand for secure connection, remote work solutions, data analytics capabilities, and as-a-service solutions will be met by the sales hub
Mohamed brings over 20 years of experience working in Egypt’s technology industry