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Eastern Company cancels heated tobacco investment to conserve FX
Eastern is saving its hard currency to produce cigarettes amid the FX crunch
Yalla Super App is heading to the Startup World Cup
The startup qualified after coming in first at We Make Future in Italy
Islamic fintech platform closes USD seven-figure pre-seed round
The round was led by Plus Venture Capital, Seedstars International Ventures, and Flat6Labs
EM currency volatility on the decline + Gulf state firms go shopping
One measure of EM currency volatility is at its lowest since October 2021
SODIC to double construction capex to EGP 6 bn this year
SODIC wants to purchase more than 300 acres on the North Coast
IMF working on digital currency platform for central banks
The Fund’s MD says interoperability is key to the success of digital currencies
Snackmaker Edita plans to more than double capex in 2023
That doesn’t include an extra EGP 400 mn investment in newly acquired Fancy Foods
valU closes EGP 1.4 bn securitized bond issuance
This is the first issuance of a new EGP 4 bn program
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