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HSBC launches loans for tech entrepreneurs looking to scale
HSBC Egypt will lend EGP 1 bn to tech startups: HSBC Egypt is launching a EGP 1 bn loans program…
From Cairo to Riyadh: ValU moves into Saudi in partnership with Alhokair family
valU enters Saudi Arabia: EFG Hermes’ buy-now-pay-later platform valU is set to enter Saudi Arabia by acquiring a stake in…
THIS EVENING: valU enters Saudi Arabia + House Economic Committee discusses the Unified Ins. Act + Boris Johnson faces no confidence vote
Happy Monday, wonderful people. The news mill isn’t on the same overdrive we’ve gotten used to lately, but there’s still…
Earnings Watch: E-Finance, Palm Hills
E-Finance’s net income soared 41% y-o-y in 1Q2022 to EGP 200.3 mn, according to the company’s earnings release (pdf). Revenues…
Cairo Angels Syndicate Fund invests in Africa-focused fintech
Cairo Angels Syndicate Fund (CASF) is making a USD six-figure investment in Africa-focused fintech startup Finclusion Group, which uses AI…
Last Night’s Talk Shows: ADQ industrial investment + high-speed rail lead the conversation on the airwaves
Leading the airwaves yesterday: A new industrial partnership between Egypt, UAE and Jordan that would see Abu Dhabi Wealth Fund…
ADQ eyes investment in Egypt, Jordan manufacturing + PM pitches UAE investors on infrastructure projects
Abu Dhabi sovereign wealth fund ADQ will invest USD 10 bn in industrial projects in Egypt, the UAE and Jordan…
THIS EVENING: The state plans to sell 25% of EGX-listed Egyptalum + ADQ is investing USD 10 bn in UAE-Egypt-Jordan industrial partnership
Good afternoon, folks. As we anticipated this morning, it’s shaping up to be a rather busy week for business news…
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