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THIS MORNING: Banks off all next week + More Egyptians are banked than ever before
Good morning, wonderful people, and welcome to the next-to-last workday of Ramadan. It’s another huge news day today, so we’re…
Twitter’s board greenlights Musk’s takeover bid
Looks like Elon Musk is buying Twitter after all: The Twitter board has okayed the Tesla boss’ offer to fully…
Earnings Watch: SODIC, IDH, Fawry, Obour Land
Real estate giant SODIC’s bottom line more than doubled y-o-y in 1Q 2022 to reach EGP 226 mn, according to…
UAE-based fintech platform FlexxPay to make Egypt its third market
FlexxPay lands in Egypt: UAE-based fintech platform FlexxPay is expanding to Egypt, it announced in a press statement (pdf) last…
THIS MORNING: A brief workweek before another long holiday + Big pressures on the world’s palm oil
Good morning, wonderful people, and welcome to a very short workweek. We hope your Easter / Sham El Nessim /…
Vodafone Egypt acquires 10% stake in Bee and Masary + setting the record straight on an Arco-Ashry Steel tieup
Vodafone Egypt makes first stake buys in Bee + Masary: Vodafone Egypt has acquired 10% stakes in e-payment platforms Bee…
CIB’s newest (and largest) shareholder isn’t looking to shake up management
CIB management gets vote of confidence from (new) largest shareholder: Alpha Oryx, a subsidiary of Abu Dhabi sovereign wealth fund…
Crypto-based carbon offsetting: Don’t believe the hype
Crypto carbon credits: What are they, and can they do any good? Eagle-eyed readers will remember that we yesterday noted…
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