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Chip shortage looks like it’s staying with us a while longer + Crypto.com to back Fifa World Cup
And the chip shortage lives on: Chipmakers’ expansion plans to meet the growing demand and fill the gap between supply…
THIS EVENING: Is ADQ acquiring stakes in Abu Qir Fertilizers, Mopco, and Alexandria Container & Cargo Handling? + Banque Misr purchases 8.85% stake in Fawry
It’s another busy news day on all fronts as we sprint to the weekly finish line, ladies and gentlemen, with…
Fintech outfit FlapKap raises USD 1.2 mn in funding
MEA fintech startup FlapKap has raised USD 1.2 mn in a funding round led by tech fund A15, according to…
Gov’t agrees USD 2 bn asset sale with Abu Dhabi wealth fund — and more GCC investments are probably in the pipeline
Accelerated sale of assets to Gulf investors will bring in fresh capital: We said yesterday that the Madbouly government would…
Introducing Nclude: Global Ventures’ new USD 85 mn fintech fund
Global Ventures, state banks launch USD 85 mn fund: Three of Egypt’s state-owned banks are investing in a new USD…
THIS MORNING: It’s interest rate week — and Egypt is reportedly in talks about what a new assistance plan with the IMF could look like
Good morning, friends, and welcome to a very busy news day. With so much going on, we’re going to jump…
Dilenytech acquired by US therapy provider, Welnes lands USD 300k seed round + IFC commits USD 5 mn to Disruptech fund
US-based therapy provider Astute Imaging has acquired Egypt-based healthtech startup DilenyTech, which provides radiology screening and diagnostic solutions powered by…
Chinese shares suffer biggest sell-off since ‘08 on covid, Ukraine fears
Chinese stocks see biggest sell-off since the 2008 recession: Hong Kong-listed Chinese stocks had their worst day since the global…
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