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Logistics (MENA) 
Startup funding in Egypt is down month-on-month in April
Egyptian startups raised USD 37 mn in April, marking a 57% drop from March, Wamda reported Thursday. Egyptian startups raised…
First digital banking licenses to be issued in coming weeks
WATCH THIS SPACE- The CBE is getting ready to hand out its first digital banking licenses, according to bank sub-governor…
MSCI adds EFG Hermes to global standard index, e-Finance enters small-cap index
MSCI tweaks Egyptian firms included in its global indices: EFG Hermes has been added to MSCI’s standard equities index from…
Amazon invests in EFG Hermes; could swap for >4% stake in valU at current USD 235 mn valuation
Amazon snaps up EFG GDRs, with option to swap for valU shares: Amazon has agreed to purchase USD 10 mn…
THIS MORNING: It’s interest rate week; UAE President and Abu Dhabi ruler Sheikh Khalifa bin Zayed Al Nahyan dies, 73; Global stocks on worst run since ‘08
Good morning, friends, and welcome to what is shaping up to be an exceptionally busy week. But first: UAE President…
My Morning Routine: Mohamed Khattab, chief transformation officer, B.TECH
Mohamed Khattab, chief transformation officer, B.TECH: Each week, My Morning Routine looks at how a successful member of the community…
Aramco is the world’s most valuable company
Saudi Aramco has dethroned Apple as the world’s most valuable company, as surging oil prices push its shares to near-record…
Logistics startup Mylerz plans Egypt + Africa expansion after raising USD 9.6 mn in funding
Cairo-based logistics startup Mylerz has raised USD 9.6 mn in equity funding from private equity outfit Lorax Capital Partners, the…
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