STARTUPS-

Akhdar to develop educational content for Nahdet Misr: Homegrown book summary and education platform Akhdar will develop digital educational content for Nahdet Misr’s platforms under a cooperation agreement inked between the two, according to a statement (pdf).

The two go way back: Nahdet Misr Publishing House’s venture capital arm, EdVentures, invested a six-figure sum in Akhdar back in 2021 to add new learning tools to its app and improve its user interface.

FINANCIAL SERVICES-

Zilla Capital is heading to KSA: Investment firm Zilla Capital is setting up a portfolio management company in Saudi Arabia in partnership with an unnamed Saudi financial institution, Managing Partner Moustafa El Shenety told Asharq Business. The company, which is expected to launch within two months, plans to reel in and manage USD 300 mn worth of assets by the end of the year and to invest in Arab, European, and US markets.

LOGISTICS-

Five new DP World offices in Egypt: Emirati port operator DP World has set up five offices across Egypt, in Cairo, Alexandria, Cairo Airport, Sokhna, and Beni Suef, according to a statement picked up by Al Borsa. The company has plans to set up more offices in Egypt in the coming months, seeing as there is a growing market in Egypt for logistics services, said Urs Moll, the company’s country manager in Egypt said.

Tags: