Shaimaa Raafat

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Latest by Shaimaa Raafat


8.9% expected growth in investments in FY 18: FocusEconomics

The FocusEconomics Consensus Forecast expects total investments in Egypt to grow 8.9% in fiscal year (FY) 2017/2018, up 3.2% from last month’s estimates. The FocusEconomics report said that investments are expected to grow to 10.2% in FY 2019. The report noted that the recent investment and industrial licensing laws are likely to boost investment; consumer …

Shaimaa Raafat

How small franchise projects can get funding from the Industrial Development & Workers Bank of Egypt

The Industrial Development & Workers Bank of Egypt offers funding for franchise businesses, whether existing or new projects, and for both local and international projects. The bank provides funding for all production, service, and commercial activities, including economic, industrial, livestock, poultry, tourism, and agricultural projects. The bank finances the purchase of new machinery, spare parts, …

Shaimaa Raafat

EBRD, QNB ALAHLI join forces to support women entrepreneurs in Egypt

In line with EBRD’s support for the development of micro, small, and medium enterprises in Egypt, and the leading role of QNB ALAHLI in Egypt regarding that field, EBRD offered a senior loan of $20m to QNB ALAHLI SAE for on-lending to local small businesses. The loan is the first under EBRD’s new “Egypt Women …

Shaimaa Raafat

Al Ahly Club files an official complaint to CAF against final game referee

Al-Ahly has filed an official complaint with the African Football Confederation (CAF) against the referee, Bakary Gassama, who ran the African Champions League final in Casablanca yesterday between Al Ahly and Wydad Athletic Club. Head of Al Ahly, Mahmoud Taher, said that there were several reasons behind the complaint, including what he described ad serious …

Shaimaa Raafat

Telecom Egypt begins final preparations to provide mobile services

An official at Telecom Egypt stated in special remarks to Daily News Egypt that the company’s mobile lines arrived yesterday to the stores of the company in preparation for public offering within a few days. This coincides with the launch of mobile services, he said. The official added that the National Telecommunications Regulatory Authority (NTRA) …

Shaimaa Raafat

47% of cyber phishing attacks in 2016 are financial

According to Massachusetts-based cyber-security-solution firm Kaspersky, financial phishing attacks were at an all-time high last year, with financial attacks accounting for nearly half (47.48%) of the 155m phishing scams recorded in total. Phishing attacks cost the least for cyber criminals to launch. According to the “Financial Cyberthreats in 2016” report, financial phishing attacks increased by …

Shaimaa Raafat

Accelero Capital acquires ownership of its largest shareholder OTMTI 

Accelero Capital, the investment and management group, has announced on Tuesday that it has acquired ownership interest of its largest shareholder, Orascom TMT Investments (OTMTI), in a management buyout. According to the press statement, the transaction will include the discontinuation of the management of certain assets for which Accelero Capital currently provides management, consultancy, and …

Shaimaa Raafat