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Fintech app Khazna raises USD 38 mn in series A funding
Local fintech startup Khazna has raised USD 38 mn in equity and debt in a series A funding round, according…
The most distant star seen through Hubble + Volcano bonds for crypto enthusiasts in El Salvador
Astronomers have spotted what is believed to be the most distant star ever seen through the Hubble space telescope, according…
THIS EVENING: Fawry confirms NBE’s 6% stake purchase + IFC snaps up 5% of IDH. Plus: Swvl hits the Nasdaq
Good afternoon, ladies and gentlemen — it’s finally the weekend, and while Thursdays are always cause for celebration, we can’t…
US share rally ends after hopes for Ukraine peace talks fade
Has the bear-market rally run out of steam? US shares ended a five-day run of gains yesterday as hopes for…
Intella closes USD 1 mn seed round + online grocer ON Market raises USD 215k
Cairo-based market research firm Intella has secured USD 1 mn in a seed funding round led by Hala Ventures, with…
National Bank of Egypt ups stake in Fawry — is a stake sale to ADQ next?
Another state-owned bank appears to have just bought a chunk of Fawry, likely setting up the sale of the government-controlled…
ApeCoin is raising concerns about power accumulation in crypto
New cryptocurrency, ApeCoin, is raising concerns about power imbalances in the crypto world: ApeCoin is coming under scrutiny for revealing…
THIS EVENING: The broad strokes of state policy to encourage private sector involvement + Fawry sells more shares + KSA deposits USD 5 bn in the CBE
It’s another day of outstanding news, ladies and gentlemen, as we head to the pre-Ramadan sprint, with the positive signals…
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