INVESTMENT-

EIH mulls expanding into Egypt + Saudi Arabia: Emirati holding company Ethmar International Holding (EIH) is considering expanding into Egypt and Saudi Arabia, the company’s managing director and group CEO, Ali El Gebely, told CNBC Arabia. He didn’t elaborate on which sectors the company is interested in, share an investment amount, or provide a timeframe.

Ethmar Holdings: Chaired by Sheikh Hamdan bin Mohamed bin Zayed Al Nahyan, the company has assets of AED 2.5 bn across financial services, healthcare, tourism and hospitality, real estate, and energy.

FINTECH –

Valu x Beymen: Customers of Turkish luxury department chain Beymen will be able to use Valu’s payments services under a partnership agreement signed by the two companies, the fintech player said in a s tatement (pdf) last week.

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