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Logistics (MENA) 
Fawry’s net income rose 150% y-o-y in 1Q 2024
The company’s top line grew 60.9% to EGP 1.1 bn during the quarter
Second USD 20 bn tranche of Ras El Hekma funds land in state coffers
The tranche consists of USD 14 bn fresh inflows and USD 6 bn in the form of a previous UAE…
Banque Misr’s MDI has poured some EGP 2.5 bn into Onebank. PLUS: News from Elsewedy Electric, OPay, Edita
MDI received preliminary approval last week from the Central Bank of Egypt to launch Onebank
AI models have learned human tricks of deception
A recent study has shown that AI systems are capable of eliciting “false beliefs in others to accomplish some outcome…
Egyptian farmers in Greece. PLUS: Fresh investments from Prometeon and DisrupTech and an outsourcing freezone?
Greece could extend seasonal employment contracts to Egyptian construction and tourism workers as well
The situation in Gaza once again dominates the airwaves
The nation’s talking heads continued to hone in on the war in Gaza, while Amr Adib forayed into a discussion…
Fintech startup Mnzl raises USD 3.5 mn in funding round
Mnzl provides affordable credit solutions by leveraging assets such as homes and cars
Scientists develop vaccine that could protect against future pandemics
The vaccine has shown positive results, even against variations of coronaviruses that weren’t added to the vaccine cocktail
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