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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…
COP prep: A “national climate dialogue” + green hydro talks with Fortescue
Egypt continues preparations for COP27: The government will launch a “national climate dialogue” later this month to help spread environmental…
Disruptech’s final USD 25 mn close due next week + Bosta enters KSA
Fintech fund DisrupTech Ventures is expecting to reach the USD 25 mn final close of its fund next week, Managing…
NFT trading soared 21k% in 2021 but is expected to slow this year + LimeWire is back and rebranding as a music-based NFT platform
SIGN OF THE TIMES- Trading in NFTs soared 21k% y-o-y in 2021 with total sales reaching USD 17.6 bn as…
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