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Egyptian children’s ride hailing app Hive raises USD 400,000 investment
STARTUP WATCH- Hive, a Cairo-based ride-hailing app for children, has secured a USD 400k investment from Abdelmoneim Al Adawy, one…
Closer public-private sector collaboration could send entrepreneurship in MENA skyrocketing
Closer public-private sector collaboration could send entrepreneurship in MENA skyrocketing, but the private sector needs to lead the way, says…
Egyptian e-payments platform Fawry reports 1H2019 earnings
EARNINGS WATCH- Fawry reports 7% y-o-y fall in 1H2019 profits: E-payments platform Fawry reported a 7% y-o-y decline in net…
What we’re tracking on 9 October 2019
Prime Minister Moustafa Madbouly’s statement to the House yesterday didn’t quite have the intended effect. MPs stepped up their criticism…
Why are private unicorn valuations so out of sync with public markets?
Why are private unicorn valuations so out of sync with public markets? Although private valuations of high-flying startups are a…
E-learning platform Al Mentor raises USD 4.5 mn in Series A funding led by Sawari Ventures
STARTUP WATCH- Dubai-based e-learning platform Al Mentor has raised USD 4.5 mn in a series A funding round led by…
Egypt in the News on 7 October 2019: Cybersecurity leads the conversation
Cybersecurity led the conversation on Egypt in the foreign press over the weekend: News of an alleged campaign to plant…
Egypt’s United Bank sale moving forward, Amer says
M&A WATCH- United Bank sale moving forward: The CBE has appointed one local and one foreign lead advisor on the…
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