• Sunday, 6 November 2022

    Private sector activity contracts for 23rd consecutive month

    Activity in Egypt’s non-oil private sector continued to contract in October, remaining effectively unchanged from the month before as inflation, supply disruptions, and falling demand abroad continued to weigh on businesses, according to S&P Global’s purchasing managers’ index (pdf). The...
  • Thursday, 3 November 2022

    Paymob interest the UAE, TPay is streamlining + Mozare3 could team up with the IFC to help local farmers

    Paymob enters the UAE: Fintech startup Paymob has expanded into the UAE and made the country its regional hub, it said in a statement (pdf) yesterday. The company is looking to make a “sizable investment” in the UAE market over...
  • Wednesday, 2 November 2022

    OPEC wants tns of USD in fresh oil investment as Aramco, BP report huge profits

    OPEC wants more than USD 12 tn in oil investment: OPEC has called for USD 12.1 tn to be invested in the global oil sector over the next 23 years ⁠— equal to around USD 500 bn every year ⁠—...
  • Wednesday, 2 November 2022

    EGX’s Emirati roadshow is a wrap + EFG Hermes tops EGX brokerage table in October

    EGX boss Rami El Dokany has wrapped up the UAE leg of the bourse roadshow, the EGX said in a statement (pdf). El Dokany met with representatives from 16 regional and international financial institutions, including the Arab Monetary Fund’s Abdulrahman...
  • Monday, 31 October 2022

    Egyptian officials talk ties, investment with UAE + Qatar

    The EU is helpling Egypt crack down on illegal migration: The EU and Egypt yesterday signed an agreement for the first phase of a new EUR 80 mn program designed to make it harder for migrants to cross illegally from...
  • Sunday, 30 October 2022

    valU + aiBANK to provide finance to Sylndr customers

    Other things we’re keeping an eye on this morning: valU and aiBANK are providing finance options to customers of Sylndr, a group of companies are exploring LNG bunkering in Egypt, and the UK’s charities watchdog has launched an investigation into...
  • Thursday, 27 October 2022

    Another subsea cable for our regional data hub ambitions

    Telecom Egypt inaugurated its Red2Med submarine cable which runs from Ras Ghareb’s Red Sea to Port Said’s Mediterranean through the Suez Canal, according to a statement. The cable is the “shortest, fastest and most secure way to transfer data between...
  • Thursday, 27 October 2022

    Last Night’s Talk Shows: The gov’t giving tree

    It was all about the gov’t’s new social protection package last night: The talking heads spent their night diving deeper into the latest package of social protection measures announced by the Madbouly government. The measures include raising the minimum wage...
  • Wednesday, 26 October 2022

    THIS MORNING: UAE, Egypt mark 50 years of ties + School is NOT out

    Good morning, friends, and welcome to another very busy news day. We’re stuffed to the gills this morning, so we’re going to jump right in.THE BIG STORY HERE AT HOME this morning: The state’s Egypt Economic Conference wrapped yesterday. Cabinet...

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