INDUSTRY-

Heidelberg Materials installs waste heat recovery system at Helwan plant: Germancement manufacturer Heidelberg Materials has set up a waste heat recovery system at its factory in Helwan with a USD 30 mn investment, the German Embassy said in a statement on social media. The new system will supply 30% of the factory’s electricity needs, Al Borsa reported.

STARTUPS-

Paymob gets go-ahead to launch in Oman: Egyptian fintech company Paymob has received a Payment Service Provider license from the Central Bank of Oman, making it the first international fintech company to be licensed in Oman, the company announced in a statement (pdf). The license will allow Paymob to process online and in-store payments in the Sultanate as well as overseas payments.

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