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Paymob closes USD 50 mn series B round, wants to enter GCC this year
Paymob closes Egypt’s largest ever fintech series B round: Fintech startup Paymob raised USD 50 mn in a series B…
Banque Misr restructures holding of Banque du Caire + Coinbase snaps up Goldman’s first BTC-backed loan
Banque Misr now owns nearly 100% of BdC: Banque Misr has purchased 1.13 bn shares (around 42.9%) in Banque du…
Khazna Card gets final approval from the Central Bank of Egypt
Khazna has received final approval from the Central Bank of Egypt (CBE) for its Khazna card, a Meeza prepaid card…
THIS MORNING: Banks off all next week + More Egyptians are banked than ever before
Good morning, wonderful people, and welcome to the next-to-last workday of Ramadan. It’s another huge news day today, so we’re…
Twitter’s board greenlights Musk’s takeover bid
Looks like Elon Musk is buying Twitter after all: The Twitter board has okayed the Tesla boss’ offer to fully…
Earnings Watch: SODIC, IDH, Fawry, Obour Land
Real estate giant SODIC’s bottom line more than doubled y-o-y in 1Q 2022 to reach EGP 226 mn, according to…
UAE-based fintech platform FlexxPay to make Egypt its third market
FlexxPay lands in Egypt: UAE-based fintech platform FlexxPay is expanding to Egypt, it announced in a press statement (pdf) last…
THIS MORNING: A brief workweek before another long holiday + Big pressures on the world’s palm oil
Good morning, wonderful people, and welcome to a very short workweek. We hope your Easter / Sham El Nessim /…
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