Elsewedy Electric Archives

Elsewedy Electric to Invest USD 500M in Saudi Arabia & Qatar

Elsewedy Electric Elsewedy Electric, an electricity giant, has allocated around USD 500 million in investments to establish new manufacturing facilities in Saudi Arabia and Qatar. In an interview with Asharq Business, Ahmed Elsewedy, CEO of...

by WAYA Staff - Dec 15, 2025

Startups

Egypt’s Nawah Scientific Raises USD 23M to Expand R&D and Labs

Nawah Scientific Egypt’s Nawah Scientific raised USD 23 million in a series A funding round in a mix of equity...

by WAYA Staff - Dec 18, 2025

Startups

Google Launches 2026 Startups Accelerator for MENA

Google Google opens applications for the 2026 edition of the Google for Startups Accelerator: Middle East, North Africa, and Turkey....

by WAYA Staff - Dec 18, 2025

Markets

Thndr & Nawy Shares Among 6 Firms Granted Approvals by Egypt’s FRA

FRA Egypt’s Financial Regulatory Authority (FRA) approved six companies for the establishment and licensing in the fields of real estate...

by WAYA Staff - Dec 18, 2025

Markets

Elaraby Group Ends Toshiba Contracts

Elaraby Group Elaraby Group announced the end of all industrial and commercial contracts with Toshiba Home Appliances by the end...

by WAYA Staff - Dec 18, 2025

Startups

UAE -Headquartered Premialab Raises USD 220M to Support Global Growth

Premialab Headquartered in the UAE, Premialab raised USD 220 million in a growth investment from funds and accounts managed by...

by WAYA Staff - Dec 18, 2025

Energy

Karm Holding Kicks Off 40MW Solar Project in Marsa Alam

Karm Holding Karm Holding has kicked off development procedures for a 500 thousand square meter solar power project south of...

by WAYA Staff - Dec 17, 2025

Markets

Naguib Sawiris Announces Interest in Managing 3 Egyptian Airports

Sawiris Egyptian businessman Naguib Sawiris has revealed his interest to manage and operate three key Egyptian airports. This coincides with...

by WAYA Staff - Dec 17, 2025

Money

MSMEDA & Reefy to Finance USD 6.3M for Egypt’s Micro-Enterprises

MSMEDA The Micro, Small, and Medium Enterprises Development Agency (MSMEDA) and Reefy Microfinance Enterprise Services signed a financing agreement worth...

by WAYA Staff - Dec 17, 2025

Markets

Misr Spinning & Weaving Plans to List on EGX

Misr Spinning & Weaving Arab Cotton Ginning Company (ACGC) is targeting around USD 4.2 million (EGP 200M) by listing its...

by WAYA Staff - Dec 17, 2025

Markets

PayPal Moves to Become a Bank

Paypal Paypal announced that it applied to establish a PayPal Bank, a Utah-chartered industrial loan company. It filed applications to...

by WAYA Staff - Dec 17, 2025

Elsewedy Electric

Elsewedy Electric to Invest USD 500M in Saudi Arabia & Qatar

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