• Sunday, 17 May 2020

    Egypt was the world’s biggest frozen strawberry exporter in 2019

    Egypt was the world’s biggest frozen strawberry exporter in 2019, accounting for 20% of global exports with 140k tonnes exported, according to the local press. Germany imported 24% of Egypt’s total frozen strawberry exports, making it the world’s biggest market...
  • Wednesday, 13 May 2020

    Middle East M&A values down 90% y-o-y in 1Q2020, falling faster than the global average

    M&A WATCH- The total value of M&A in the Middle East plummeted 90% y-o-y in 1Q2020 to USD 9.28 bn from 95 transactions, down from USD 88.27 bn from 109 transactions during the same quarter last year, according to a...
  • Tuesday, 12 May 2020

    Egyptian agricultural exporters lock down 20 new export agreements

    Egyptian agricultural exporters have locked down 20 new export agreements in Saudi Arabia, the UAE, and some Southeast Asian and European countries, Agriculture Export Council head Abdel Hamid El Demerdash said, according to Al Shorouk. Egyptian exports have gained an...
  • Tuesday, 12 May 2020

    Egypt, Mediterranean allies denounce Turkey’s gas exploration, Libya intervention

    Egypt, Mediterranean allies denounce Turkey’s sixth attempt to drill in Cypriot waters, urge end to Turkish military intervention in Libya: Egypt, Cyprus, Greece, France, and the UAE have renewed their condemnation of Turkey in a joint statement after Ankara began...
  • Tuesday, 12 May 2020

    What we’re tracking on 12 May 2020

    Some good news to get us over the midweek hump: The International Monetary Fund has approved USD 2.77 bn in pandemic aid to Egypt as its executive board signed off yesterday on a short-term rapid financing (RFI) instrument.Talks with the...
  • Wednesday, 6 May 2020

    Non-oil business activity plummets to all-time low in April as lockdown measures begin to bite

    Non-oil business activity plummets to all-time low in April as lockdown measures bite: Egypt’s non-oil business activity fell at an “unprecedented rate” in April as government measures to stem the covid-19 outbreak caused a “severe decline” in business conditions, according...
  • Sunday, 3 May 2020

    MENA fund managers plan to increase their exposure to Egypt this quarter

    MENA fund managers plan to increase their exposure to Egypt over the next three months, according to a Reuters poll. The majority of managers are bullish on investments in Egypt despite the market’s “exposure” to the economic fallout caused by...
  • Wednesday, 22 April 2020

    Your top 5 infrastructure stories of the week

    Your top infrastructure news of the week: Renewables: The Electricity Ministry has brought Egypt’s largest wind farm online.More renewables: General Electric has completed the EGP 100 mn control and monitoring center at Benban solar facility.Elsewedy goes to Dubai: Elsewedy Electric...
  • Monday, 13 April 2020

    Alexandria Medical Services is unaffected by NMC investigation, says CEO

    Alexandria Medical Services unaffected by NMC fiasco -CEO: Alexandria for Medical Services CEO Alaa Abdel Meguid is trying to distance the company from its embattled chairman and majority shareholder BR Shetty, whose Emirati company NMC Health is now in administration...

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