Uber’s acquisition of regional rival Careem was (unsurprisingly) all over the airwaves last night. Our friend Khaled Ismail, chairman of HIMAngel, the high-profile angel investment fund, told Hona Al Asema the transaction has its benefits, but may hurt competitiveness in the domestic market (watch, runtime: 07:47). We have everything you need to know about the acquisition in this morning’s Speed Round, below.

Egypt will fully eliminate subsidies on power bills in FY 2021-2022, Electricity Minister Mohamed Shaker told Yahduth Fi Misr’s Sherif Amer (watch, runtime: 08:14). The coming fiscal year and the one that follows will see partial subsidy cuts until the full elimination takes place.

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