Browsing: Egypt

Egypt has unveiled a strategic move by formalizing three contractual agreements aimed at the exploration and extraction of oil and gas within the Mediterranean region.

Trade deficit increases as declining exports and decreased imports impact overall trade balance.

Strategic logistics and commercial hubs in the Kafr El-Sheikh governorate will aim to support trade and business and to reduce costs.

Invictus Investment expands commodity trading business in Africa, highlighting Egypt as key market, exporting over 1M tons in 2023.

Egyptian VC firm Acasia Ventures leads the pre-seed investment round in Balad, a remittance-focused fintech startup in Cairo.

DisrupTech Ventures, an Egyptian early-stage venture capital fund, raises USD 5 million from Proparco to support Egypt’s fintech sector.

Saudi-based employee and HR platform palm.hr aims to streamline HR processes for businesses across the MENA region.

Red Sea Wind Energy Consortium, majority owned by French multinational utility group Engie with a 35% stake, has reached a financial close for a new 500 MW Gulf of Suez wind farm in Egypt.

MENA startups raised USD 760 million in February, according to a report by Wamda and Digital Digest.

Hollydesk, an Egyptian expense management fintech, has raised USD 1 million in venture debt financing.