Convertedin, a marketing automation platform has announced that it raised a $3 million seed funding round from global and regional investors. CEO Mohamed Fergany confirmed the development in a media release …
Egypt
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AfricaAFRICA NEWSBusinessEgyptFood ProductionNewsNorthern Africa
Egyptian food exports rise 2.4% in H1
Egyptian exports of food industries grew by around 2.4% year-on-year (YoY), or $51 million, during the first half of 2022, recording $2.169 billion. This was disclosed in a report by the Food …
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Egypt’s Oriental Weavers to exit from Chinese Unit
The board of directors of Oriental Weavers Carpets (ORWE) has agreed to exit from its investments in China, according to a statement filed to the Egyptian Exchange (EGX) today. Accordingly, the company will accept the …
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Egypt’s annual headline inflation recorded 14.6% in July 2022, compared to 6.1% in the same month of 2021, the Central Agency for Public Mobilization and Statistics (CAPMAS) announced in a press release …
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Egypt’s Arab Alloys launches EGP 1bn industrial complex in SCZone
Arab Alloys has launched the largest industrial complex for ferroalloys in the Suez Canal Economic Zone (SCZone), on an area of 40,000 sqm, in southern Ain Sokhna. The company aims …
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AfricaAFRICA NEWSBusinessEgyptHospitality, Travel & TourismNewsNorth AfricaNorthern Africa
Egypt’s tourism revenues hike to $8.2B in 9 months
Egypt’s tourism revenues increased by $5.1 billion during the first nine months of the last fiscal year 2021/2022, on an annual basis, despite the negative effects of the absence of …
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Egypt’s chemical & fertilizer exports hit $4.336B in H1
Egypt’s exports of chemical and fertilizer industries rose by 35 percent in the first half (H1) of 2022 to stand at $4.336 billion against $3.217 billion in the same period …