investors

Cairo has second largest number of millionaires in Africa: Report
Egypt

Cairo has second largest number of millionaires in Africa: Report

Cairo has the second largest number of high net-worth individuals (HNWI) in Africa, coming in right after South Africa’s Johannesburg,…
World Bank, Alibaba fund invest in Hong Kong-based fintech startup
Business

World Bank, Alibaba fund invest in Hong Kong-based fintech startup

Hong Kong-based startup CompareAsiaGroup has secured $50 million in funding from investors led by the World Bank’s commercial lending arm,…
Debating Egypt’s Nationality Law: Invest in Egypt, become an Egyptian
Egypt

Debating Egypt’s Nationality Law: Invest in Egypt, become an Egyptian

The new bill to amend the Nationality Law, recently approved by the parliamentary National Defense and Security Committee, which would…
Modern life intrudes on Ethiopia’s ancient salt trade
Life & Style

Modern life intrudes on Ethiopia’s ancient salt trade

Every morning, hundreds of men converge on a dry lakebed in a remote corner of Ethiopia, where they cleave the…
Geopolitics from France to Korea keep investors cautious
Business

Geopolitics from France to Korea keep investors cautious

Trading volumes were muted for many financial market assets on Monday with investors refraining from making big bets because of…
CBE solves dollar crisis for companies with short position at US$5 mn
Egypt

CBE solves dollar crisis for companies with short position at US$5 mn

Central Bank of Egypt governor (CBE) Tarek Amer approved an agreement with investors to restructure their debts owed to banks…
US businessmen mull New Suez Canal Area investments
Business

US businessmen mull New Suez Canal Area investments

A delegation of American businessmen headed by Jack Wheeler visited the new economic zone of the Suez Canal, on Sunday. The businessmen…
Investors look to January effect at start of 2016
Business

Investors look to January effect at start of 2016

As Wall Street wraps up its flattest year since 2011, investors will have to deal with many of the same…
Streaming yet to convince investors it is future of music
Culture

Streaming yet to convince investors it is future of music

Music streaming was supposed to have come of age with the public listing of Deezer, but the French company's postponement…
Egypt drops to 131st place in quality of business environment: World Bank
Business

Egypt drops to 131st place in quality of business environment: World Bank

Egypt has ranked 131st among 188 countries when gauging positive factors encouraging local and foreign investors to start a business,…
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