The company plans to invest the new capital in advancing its product and technology, upscaling its brand, and expanding operations across the region
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
The leaders were briefed about the five-star hotel which features several tourist facilities
Both the organisations will work together to help companies issue scheme-enabled prepaid cards by reducing cost to launch and time to market
The group announced that net profit before tax rose by 8 per cent YoY in Q2 2022 to EGP623m.
The company will invest in swathes of Egypt’s economy from infrastructure and real estate to pharmaceuticals
The acquisition is expected to be completed in Q1 2023 pending satisfaction of certain conditions, including customary regulatory approvals
Metro Africa Xpress raised $31m last year to develop an EV market on the continent
The company supports brands with their e-commerce and direct-to-consumer strategies, to help them reach more customers
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
The two leaders discussed the importance of joint coordination, essential to consolidating peace in the region
The Crown Prince left Turkey on Wednesday, June 22, bringing an end to his regional tour that also took him to Egypt and Jordan
The agreement will accelerate the geographical expansion of valU and provide digital finance solutions to consumers in Saudi Arabia through FAS Finance
The five areas that the three countries will cooperate on include food, agriculture and fertilisers; pharmaceuticals; textiles; minerals and metals; and petrochemicals
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
The Bravado expansion will include the establishment of bases in South Africa, Egypt, the UAE, and Saudi Arabia
The project will capture and store between 25,000 and 30,000 tonnes of carbon dioxide per year
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