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Savola closes Ole bakery acquisition
The Egyptian Belgian Company has new Saudi owners: Saudi food conglomerate Savola has signed an agreement to acquire 100% of…
Shoukry meets Iraqi, Jordanian officials in Baghdad + UAE-Egypt-Jordan industrial partnership gets central bank push
Shoukry discusses boosting cooperation with Iraqi PM and Jordanian FM in Baghdad: Foreign Minister Sameh Shoukry met his Iraqi and…
No year for IPOs + The tough times are far from over for EM assets
The value of global IPOs has plummeted so far in 2022, falling 71% y-o-y in the first five months of…
HSBC launches loans for tech entrepreneurs looking to scale
HSBC Egypt will lend EGP 1 bn to tech startups: HSBC Egypt is launching a EGP 1 bn loans program…
From Cairo to Riyadh: ValU moves into Saudi in partnership with Alhokair family
valU enters Saudi Arabia: EFG Hermes’ buy-now-pay-later platform valU is set to enter Saudi Arabia by acquiring a stake in…
THIS EVENING: valU enters Saudi Arabia + House Economic Committee discusses the Unified Ins. Act + Boris Johnson faces no confidence vote
Happy Monday, wonderful people. The news mill isn’t on the same overdrive we’ve gotten used to lately, but there’s still…
Earnings Watch: E-Finance, Palm Hills
E-Finance’s net income soared 41% y-o-y in 1Q2022 to EGP 200.3 mn, according to the company’s earnings release (pdf). Revenues…
Cairo Angels Syndicate Fund invests in Africa-focused fintech
Cairo Angels Syndicate Fund (CASF) is making a USD six-figure investment in Africa-focused fintech startup Finclusion Group, which uses AI…
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