Tag: Egypt
UAE’s Agthia to invest $154 million in Egyptian snacks firm Auf Group
UAE’s food and beverage firm Agthia Group’s board approved a proposed acquisition of 60% of Egyptian snacks manufacturer company Abu Auf Holding worth $154.5...
IMF calls talks with Egyptian authorities on new program “productive”
The International Monetary Fund (IMF) said that it held productive discussions during a staff visit to Egypt on economic policies and reforms to be...
Egyptian property giant SODIC seeks to acquire Madinet Nasr
Egyptian property developer Sixth of October for Development and Investment Company (SODIC) said Tuesday that it had submitted a non-binding offer to fully acquire...
Egypt secures $500 million from the World Bank to boost food security
The World Bank said Wednesday that it had agreed to provide Egypt with a $500 million (EGP 9.4 billion) loan to boost food security...
Egyptian fintech MNT-Halan’s Tasaheel issues $150 million in securitized bonds
Egyptian fintech startup MNT-Halan said Monday that its wholly-owned subsidiary, Tasaheel, has securitized $150 million of its loan book and plans to use the...
Egyptian fintech MNT-Halan acquires e-commerce platform Talabeyah
Egyptian fintech startup MNT-Halan acquired business-to-business (B2B) e-commerce platform Talabeyah for an undisclosed amount as part of the company’s broader strategy to expand its...
Egypt’s central bank keeps key interest rates unchanged
The Central Bank of Egypt (CBE) kept its interest rates unchanged on Thursday, saying the ongoing war in Ukraine is among the main external...
Egypt signs 14 investment deals worth $7.7B with Saudi Arabia
Egypt and Saudi Arabia have signed 14 investment deals worth $7.7 billion (EGP 145 billion) state-run Middle East News Agency (MENA) reported Tuesday, as...