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Mohamed El Sewedy acquires sportswear brand Magma
Mohamed El Sewedy has acquired local sportswear brand Magma for an undisclosed amount, Averroes Ventures, which worked on the transaction,…
THIS MORNING: Privatization consultations continue today + McDonalds just jacked up its prices by 50%
Well, friends, we’ve nearly made it through another (M&A-heavy) workweek together. We hope the week has been good to you…
Never mind the crypto crash — risky investment is young investors’ go-to + Mind-reading chips are here
Lottery-like investing behavior is the youths’ preferred flavor: Speculative financial products — like crypto, NFTs and meme stocks — are…
“Dire level” of pessimism among US fund managers as economic concerns rise
Funds are worried about where stocks are headed + pile into cash: Stock allocations among heavyweight investors are at the…
Bahraini fintech Arab Financial Services plans to launch in Egypt
Bahraini fintech comes to Egypt: Bahrain-based payment solutions provider ArabFinancial Services (AFS) plans to expand to Egypt, the company said…
Swvl suspends service in Alexandria
Bye, Alexandria: Cairo-born mass transport app Swvl has suspended all its routes within the city of Alexandria as part of…
Meet our founder of the week: Khazna’s Ahmed Wagueeh
OUR FOUNDER OF THE WEEK- Ahmed Wagueeh, co-founder and CTO of Khazna (LinkedIn). My name is Ahmed Wagueeh, and I’m…
US PE firms want record amounts of new funding
US private equity firms are collectively looking to raise some USD 1 tn in fresh funding despite a shaky market,…
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