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04 February 08:48 AM

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2 February 06:15 PM Xpence plans to expand into at least 3 new strategic markets – Interview with CEO Ansari
By: Omnia Ahmed Mubasher: Building a business on solid unit economic is considered important by key players in the market. Meanwhile, startups as well as small- and medium-sized enterprises (SMEs) need access to financial services through a simple …
Global Economy
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9 January 10:21 AM Egypt’s Arafa Group mulls expanding in Arab, African markets in 2023
By: Omar Hassan Cairo – Mubasher: Egypt’s Arafa Group intends to inaugurate new branches during 2023 and expand in all governorates. Mohamed Arafa El-Attar, member of the export committee of the Egyptian African Businessmen's Association (EABA) …
Macroeconomics
PaySky Founder and CEO, Waleed Sadek
29 December 2022 01:37 PM Investments of award-winning PaySky in Egypt cross EGP 100m – Interview
By: Abdallah Beder Cairo – Mubasher: Investments of award-winning payment solutions provider (PSP) PaySky in Egypt have exceeded EGP 100 million, the company’s Founder and CEO, Waleed Sadek, told Mubasher. With a vision of democratising …
Global Economy
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20 December 2022 01:04 PM Ecolab's business volume in Egypt, MENA hits $200m - Interview
By: Abdullah Bedair Mubasher: The business volume of US-based water treatment and purification solutions company Ecolab in Egypt and the MENA region has reached $200 million, Vishal Sharma, Senior Vice President - India, Middle East, and Africa at …
International Agreements
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14 December 2022 06:02 PM Egypt’s Dentacarts eyes $10m funding round for Saudi expansion
By: Abdullah Beder Cairo – Mubasher: Egypt-based DentaCarts, a fintech for dental products in the Middle East and Africa (MEA) region, plans to raise $10 million in a funding round during the first quarter (Q1) of 2023. Ahmed Yehia, CEO and …
Companies Investments
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7 December 2022 04:55 PM Egypt agrees to launch Egyptian-Qatari Business Forum early next year - Sources
By: Ahmed Eldemerdash Cairo – Mubasher: The Egyptian government has agreed to launch an Egyptian-Qatari Business Forum during the first quarter (Q1) of 2023, sources familiar with the matter told Mubasher. Egypt’s approval came in light of a …
Macroeconomics
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31 October 2022 10:04 AM ValU plans to register EGP 6bn in sales by year-end
By: Abdallah Beder Cairo – Mubasher: CEO of ValU, Walid Hassouna, said the company has achieved EGP 4.50 billion in sales year-to-date (YTD), 30% of which were registered through electronic platforms. ValU is a subsidiary of the Egyptian Financial …
Macroeconomics
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30 October 2022 03:25 PM Beyti plans to invest EGP 440m in Egypt in 2 years
By: Abdallah Beder Cairo – Mubasher: Local investments of Beyti Egypt have reached up to EGP 5 billion, CEO of Beyti, Mark Wiley, said during a press conference on Sunday. The company launched six new production lines in Egypt in 2022 at EGP 165 …
Macroeconomics
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18 October 2022 03:31 PM Juhayna, KarmSolar to build solar power plant with EGP 130m investments
By: Abdallah Beder Cairo – Mubasher: Juhayna Food Industries has signed a contract with KarmSolar, Egypt's largest private solar utility company, to establish a central plant to generate and sell power using solar panels, diesel generators, and …
Macroeconomics
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16 October 2022 04:58 PM One Finance launches services in Egypt with EGP 100m capital
By: Abdallah Beder Cairo – Mubasher: Integrated consumer financing platform One Finance has launched its services in the Egyptian market with an issued and paid-up capital worth EGP 100 million. The company introduces an innovative buy now pay …
Banking and Finance
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13 October 2022 04:54 PM Oman Technology Fund invests $50m in MENA - Al Balushi
By: Mahmoud Gamal  Mubasher: Total investments of Oman Technology Fund (OTF) in the Middle East and North Africa (MENA) region exceeds $50 million at the moment, member of the board of directors of OTF, including ITHCA Group, Yousef bin Abdullah …
Mutual Funds
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13 October 2022 00:39 AM Higher oil prices reinforce Gulf’s economic growth in 2023 – UBS’ Bolliger
By: Malek Salama Mubasher: Higher oil and gas prices will boost the Gulf economies throughout 2022 and 2023, Michael Bolliger, Chief Investment Officer for Emerging Markets at UBS Global Wealth Management, told Mubasher. Bolliger stressed the need …
Sector Reports
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12 October 2022 02:43 PM The Ark Development plans investing EGP 30bn in new urban project
By: Abdallah Beder Cairo – Mubasher: The Ark Development intends to invest around EGP 30 billion in a new urban project in New Cairo city in partnership with Libyan Oya Company. The real estate developer aims to log sales worth EGP 100 billion …
Companies Investments
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7 October 2022 00:43 AM Menassat Developments partners with Solid, DETAC; projects worth EGP 3.1bn unveiled
By: Abdullah Badir Mubasher: Menassat Developments inked a strategic partnership agreement with a consortium comprising Solid Construction as well as Dar for Construction and Trading (DETAC) to carry out the concrete structure works of a …
Real estate
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14 September 2022 07:00 PM New Generation Developments unveils EGP 2bn investments in New Alamein, NAC
By: Abdullah Bedair    Cairo - Mubasher: New Generation Developments (NGD) launched a project in New Alamein City at a total estimated investment of EGP 1 billion, in participation with the New Urban Communities Authority (NUCA) of Egypt's …
Companies Investments
Group CEO of Emirates Steel Arkan, Saeed Ghumran Al Remeithi.
1 September 2022 10:25 AM Emirates Steel Arkan seeks to invest in Egypt’s nuclear projects - Interview
By: Mahmoud Gamal Abu Dhabi – Mubasher: Group CEO of Emirates Steel Arkan, Saeed Ghumran Al Remeithi, said his company is interested to invest in Egypt over the coming period, stressing that the Egyptian market is considered one of the group’s key …
Macroeconomics
Fady Azzouny, Founder and CEO of Vetwork
26 December 2021 02:47 PM Startup Lounge: Vetwork is currently raising round to further build technology, expand – Azzouny
By: Ingy ElSafy  Mubasher: Egypt has been seeing a surge in the number of pet owners over the past years, which triggered the demand for providing more veterinary services, pet food and supplies, as well as developing tech-related tools to serve …
Global Economy
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14 December 2021 04:42 PM Startup Lounge: Paymob is planning to expand in MENA – Islam Shawky
By: Marina Gamil   Mubasher: With Egypt accelerating its digital transformation, more fintech startups and companies have been evolving in the country, especially during the COVID-19 pandemic time, to offer various digital payments, ensure …
Companies Investments
Hesham Safwat - CEO of Jumia Egypt
25 November 2021 02:26 PM Startup Lounge: COVID-19 impacted positively on growth of digital services – Hesham Safwat
By: Ingy ElSafy Mubasher: The economy of any country mainly depends on small and medium enterprises (SMEs) as they acquire a key share in creating job opportunities and economic development. Online retail or e-commerce has empowered businesses in …
Global Economy
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18 November 2021 03:16 PM Coldwell Banker targets EGP 20bn third-party contractual sales in 2023
By: Abdullah Bedeir Cairo – Mubasher: Coldwell Banker Egypt plans to achieve EGP 20 billion worth of third-party contractual sales during 2023, CEO, Karim Zain, told Mubasher. The real estate firm intends to exceed EGP 10 billion in third-party …
Real estate
Nahdet El-Mahrousa Business Incubator
1 November 2021 02:29 PM Startup Lounge: Egypt seeing entrepreneurship boom - Nahdet El-Mahrousa
By: Ingy ElSafy Cairo – Mubasher: Non-profit and non-governmental organisations play a pivotal role in developing the country’s entrepreneurship ecosystem, especially when they build the capacities of organisations to scale and expand their social …
Companies Investments
Tatweer Misr has invested over EGP 4.5 billion in smart solutions
29 September 2021 01:06 PM Tatweer Misr inks deal with Huawei to launch fully connected smart cities
By: Abdullah Bedeir  Cairo – Mubasher: Tatweer Misr has partnered with Huawei Technologies to provide sustainable and smart technological software solutions throughout Tatweer Misr’s projects.  Under the deal, Huawei technologies will deliver a …
Real estate
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27 September 2021 02:10 PM Sorouh Developments plans EGP 1bn investments in NAC project
By: Abdullah Bedair Cairo – Mubasher: Sorouh Developments intends to invest EGP 1 billion in construction works of a residential project in the New Administrative Capital (NAC) over two years, CEO Islam Khamis told Mubasher. The real estate …
Companies Investments
The CEO of O West, Tarek Kamel
23 September 2021 05:46 PM Orascom announces operation of two new schools in O West
By: Abdullah Bedeir  Cairo – Mubasher: Two new schools, namely Saxony International School (SIS) and British Columbia Canadian International School (BCCIS), have started operations in Orascom Development Egypt's (ODE) O West in the 6th of October …
Real estate