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Saudi STC seeks $1.1 bln loan for Vodafone Egypt deal
Saudi Telecom Co (STC) seems to have resumed talks with Vodafone to buy its stake in Vodafone Egypt as the Saudi teleco is seeking a$1.1 billion loan to proceed with the deal, according to Telecom…
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Hitachi ABB Power, Elsewedy’s unit to set up Delta Zone network
Hitachi ABB Power Grids and Elsewedy Electric for Trading and Distribution, a subsidiary of Elsewedy Electric, will be establishing the new Delta Zone Regional Control Centre (DRCC) in Mansoura City…
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Orange awarded as Fastest Mobile Data Network in Egypt by Ookla’s Speedtest
Orange Egypt has been awarded by Speedtest Application as the fastest mobile data network in Egypt after achieving the highest download and upload online speeds with a speed score of 25.59, with an…
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Alameda to invest around $318 mln in Egypt in five years
Alameda Healthcare Group is looking to invest 5 billion Egyptian pounds ($318.1 million) in Egypt in the next five years, its chairman Fahad Khater announced.
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Fawry acquires minority stake in Brimore for EGP 15.7m
Fawry for Banking Technology and Electronic Payments has acquired a minority stake in Brimore as part of the social commerce platform's upcoming Series A funding round.
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Egypt to launch a new air route to Congo’s Kinshasa – minister
Egypt is establishing a new air route to Democratic Republic of Congo’s capital Kinshasa within March next year, Egyptian Minister of Civil Aviation Mohamed Manar announced.
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Egypt committed to expanding incentive packages for private sector – Maait
Egypt is commitment towards continuing the structural reforms to create a conducive environment for investment, expand in providing incentive packages to scale up the private sector's engagement in…
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Egypt seeks to achieve 7% growth rate in 3 years, Madbouly
Egypt aims to achieve a positive annual economic growth rate of 7% over three years, Prime Minister Mostafa Madbouly said.
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Egypt allocates EGP 138.7m in new funding for veal project
The National Project for Veal Revival's board of directors approved the allocation of EGP 138.7 million in new funding to support young farmers and breeders, Deputy Minister of Agriculture Mostafa…
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Fawry’s board nods for setting up consumer finance firm
The board of Fawry for Banking Technology and Electronic Payments gave the green light for establishing a new company, Fawry for Consumer Finance, at a capital of EGP 10 million.
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