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Logistics (MENA) 
Earnings: Fawry, PHD, Al Ahly for Development and Investment, ADIB, Misr Cement (Qena)
EARNINGS WATCH- Fawry’s net profit surged 99% y-o-y in 9M2020 to EGP 119.1 mn from EGP 59.7 mn last year,…
E-Finance IPO pushed to 1Q2021
IPO WATCH- E-Finance has formally pushed its IPO to 1Q2021: The government has pushed the IPO of fintech player E-Finance…
Karim Nour has joined Kashat as co-founder
MOVES- Karim Nour has joined Kashat as co-founder. Kashat is the first nano-finance company in MENA to provide small productive…
Amsterdam e-payment company Adyer expands into Egypt, Middle East
Amsterdam-based e-payment platform Adyen is expanding to the Middle East, including Egypt, where it plans to integrate with Fawry and…
What we’re tracking on 12 November 2020
The big news of the morning: Pfizer’s breakthrough on Monday seems to have escalated the superpower competition for a covid-19…
What we’re tracking on 11 November 2020
Good morning, friends. ‘Twas the morning before Interest Rate Day, and all anybody could talk about was … covid. That’s…
Arab Organization for Industrialization to produce ID tech alongside Idemia
French tech firm Idemia has agreed to work with the Arab Organization for Industrialization (AOI) to locally produce identification and…
How MagicCube built software to replace expensive and outdated hardware
One piece of software to rule them all: MagicCube cofounders and Egyptian power couple Nancy Zayed and Hisham Shawki built…
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