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B2B payment platform Settle raises USD 2 mn in pre-seed round
The funding round was led by Shorooq Partners
Paymob secures USD 22 mn in funding
The fresh funds bring the company’s total Series B funding to USD 72 mn
FlapKap raises USD 34 mn in pre-series A round
The round was led by Dubai’s BECO Capital
BP to invest USD 400 mn in two new wells. PLUS: Agiba, Pickalbatros, Juba, Alexandria Port Authority, El Araby Group, carbon credits
The two wells will add a combined daily 400 mn cubic feet of gas to BP’s output
Auto distributors push for more locally-assembled vehicles to make up for import restrictions. PLUS: Somabay + Redcon, SODIC, TMG, Mass Developments, EFG Hermes, Kima
A group of companies that assemble vehicles led by GB Auto have agreed to increase their allocations to accredited distributor
That’s a wrap on Basata’s stake acquisition of MadfoatCom
The two buyers were 2.9 percentage points off their target to acquire up to 30% of the Jordanian company
Pioneers Securities dethrones EFG Hermes to top the EGX brokerage league table in August
EFG Hermes had led the table for 14 months in a row before Pioneers dethroned it
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