Expansion of DP World Sokhna’s Basin 2 in Egypt nears completion
The project would result in 750,000 TEUs of added capacity...
Tag : EGYPT
Egypt approves 691 green projects for FY 2020/21
30% of Egypt’s investment will be implemented as per environmental sustainability and green economy concepts...
Egyptian healthtech Chefaa secures pre-Series A funding
The funding round was led by 500 Startups, Vision Ventures, Womena, and few other investors...
Egypt set to resume regular commercial flight operations
IATA estimates global airlines to lose $84.3 billion in 2020 and has projected a positive outlook for the industry in 2021...
EgyptAir to receive $127.39 mn to weather coronavirus crisis
The government will support the carrier until it returns to 80% of its 2019 operation...
Egypt urges domestic banks to set limit on daily withdrawal and deposits
The new limit would allow individuals to withdraw 10,000 Egyptian pounds and companies 50,000 pounds...
Coronavirus: Saudi Arabia plans $13.3 bn stimulus for private sector
UAE announces its own $27.2 bn stimulus and Egypt allocates $6.4 bn...
Kenya Re to set up re-takaful unit in Egypt in 2021
The insurer increased its cash reserves through issuance of 2.099 billion of new shares...
Egyptian fintech Khazna secures funding from Algebra Ventures
The startup will provide its services to 20 mn Egyptians who have access to a mobile phone but no access to financial services...
Egyptian logistics startup Bosta secures funding from DPDgroup
The funding will be used to position Bosta as a leader in the industry...