** #8 INVESTMENT WATCH- Cairo Angels has invested in co-working hub AlMaqarr, which will allow the company “to expand to new locations, enhance its operations, and provide more products and services to its fast growing base of customers,” according to a press release (pdf). The value of the transaction — which was part of an angel round and represents Cairo Angels’ third investment this year — was not disclosed. “We are very pleased to have closed the AlMaqarr [transaction] and we are excited to start working with such a stellar team to take this company to the next level,” said our friend Aly El Shalakany, chairman of Cairo Angels. “Adequate infrastructural support for entrepreneurs, startups, freelancers, creatives and SMEs remains a problem and AlMaqarr offers a cost-effective and compelling solution that addresses this area.”

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