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Importers are still pushing back on the CBE’s new L/C system
Leading industry figures are still pushing back on the CBE’s requirement that importers open L/Cs: Legislators and industry reps are…
El Ezaby appoints Yomna El Ezaby MD, vice chair and CEO + MCI Capital takes up 4 seats on Cleo’s board following stake buy
El Ezaby Pharm. has appointed Yomna El Ezaby (LinkedIn) as managing director, vice chairman and CEO, succeeding Maha Farid Shalaby…
Speed Medical’s FRA lawsuits suspended as it mounts appeal
Speed Medical (SPMD) appeals FRA lawsuits, to be reviewed on 11 June: Speed Medical said (pdf) yesterday that a Cairo…
THIS MORNING: A warm welcome to the UAE + the Pharaohs have a new coach
Welcome, friends from Abu Dhabi. IT’S A BIG DAY FOR the private sector after Abu Dhabi wealth fund ADQ bought…
THIS MORNING: GASC launches its first tender in weeks + Forbes gives props to Egyptian healthcare players
Good morning, friends, and happy hump day. It’s a brisk day on the news front, but there’s no single theme…
TE partners with Amsterdam firm to launch internet exchange point
Egypt’s first open-access internet exchange point is live: An internet exchange built by Telecom Egypt and the Amsterdam Internet Exchange…
Contact + Nawy sign EGP 1 bn financing agreement + Med wealth funds launch a colab
Contact + Nawy sign EGP 1 bn financing agreement: Contact Financial’s real estate finance subsidiary will lend EGP 1 bn…
Mental health startup O7 Therapy raises USD 2.1 mn seed round + Flat6 launches new Saudi fund
Egyptian online mental health startup O7 Therapy has raised a USD 2.1 mn seed round in what the startup says…
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