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New incentives for airlines to fly to tourist hotspots + Jumia links up with Valu
Airlines receive 50% operating fee discount at tourist hotspots: Airlines are getting 50% off on landing, accommodation, and waiting fees…
Tolkien estate quashes LOTR inspired crypto + Einstein’s theory of relativity is up for auction
One token to rule them all: A “JRR Token” cryptocurrency has been removed from circulation after complaints by the Tolkien…
Fintech startup HollyDesk raises USD 325k in pre-seed funding
Homegrown fintech startup HollyDesk raised USD 325k in pre-seed funding in a round led by angel investor Faisal Abdel Salam,…
VentureSouq launches USD 50 mn MENA fintech fund
Dubai-headquartered Venture capital firm VentureSouq has formally launched a USD 50 mn fintech fund that has already made several investments…
THIS MORNING: e-Finance shares up almost 32% in first month’s trading; Covid, Fed uncertainty unnerves markets; Veteran actress Soheir El Bably dies, aged 86; Sudan’s Hamdok returns, protests continue.
Good morning, wonderful people, and welcome to a brisk-but-not-overwhelming news day, where the big story is the Financial Regulatory Authority’s…
Inflation weighs on stocks as Goldman CEO warns on rate hikes
US stocks fell again yesterday as investors fretted over how central banks will react to rising inflation. The S&P 500…
Kashat appoints Marija Zivanovic-Smith as independent board member
Our friends at Kashat, the region's first provider of nano-financial services, have added Marija Zivanovic-Smith (LinkedIn) as an independent board…
Earnings Watch: EFG Hermes, Orascom Construction report 3Q2021 results
EFG Hermes’ net income dropped 16% y-o-y to EGP 356 mn in 3Q2021, according to its quarterly earning release (pdf).…
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