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Cairo logistics startup Illa closes seven-figure round
Cairo-based FMCG logistics startup Illa has closed a seven-figure USD investment round led by Saudi’s Watheeq Financial Services and Africa-focused…
THIS MORNING: CBE confirms it’s a four-day workweek + EgyptAir makes vaccination mandatory for all staff
Good morning, friends, and welcome to another workweek as we start the 75-day countdown until the end of the year.…
Dreamland no longer has beef with the government + branded cotton exports coming soon
Dreamland no longer has beef with state-owned banks: Conglomerate Bahgat Group’s Dreamland Egypt has reached a settlement agreement with state-owned…
Reducing cows’ farts and burps to save the planet. + We’ve heard of crazy rich Asians, but this is ridiculous.
Give cows garlic, save the planet: As tackling methane emissions becomes an increasing focus point in the fight against climate…
FX reserves inch up in September. Plus: Taxing influencers and IDH launches a new radiology location
Egypt’s foreign currency reserves inched up USD 153 mn in September, reaching USD 40.83 bn from USD 40.67 bn in…
Stock sell-off accelerates as inflation, rising yields + US debt talks weigh on sentiment
Bears are throwing a stagflation tea party after yesterday’s marketheadlines, as the rise in US bond yields heralded yet further…
The Evergrande crisis is on pause, but China is still posing a headache for emerging markets
China is worrying emerging markets: As fears of an abrupt Fed taper fade, Bloomberg suggests that a slowdown in China’s…
JTI proposes new changes for tobacco license
Japan Tobacco International (JTI) is still lobbying to amend the contentious tender to offer additional licenses to sell tobacco products,…
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