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E-finance to increase capital ahead of planned IPO
State-run electronic payments company e-finance will increase its capital to EGP 1.5 bn ahead of its planned IPO this year,…
Balances in e-wallets to become interest bearing?
The Central Bank of Egypt (CBE) is mulling whether interest should be paid on funds left in e-wallets to give…
Gaming startup GBarena raises seed investment from HIMAngel
INVESTMENT WATCH- Gaming startup GBarena raises seed investment: Cairo-based e-sports and gaming startup GBarena has raised seed investment from angel…
Uber, Careem sign agreement to proceed with acquisition
M&A WATCH- Uber is acquiring Careem in a USD 3.1 bn transaction, making Careem the MENA region’s most valuable ‘unicorn’…
Uber and subsidies keep talking heads busy on a quiet night
Uber’s acquisition of regional rival Careem was (unsurprisingly) all over the airwaves last night. Our friend Khaled Ismail, chairman of…
Scorpion venom: elixir or poison?
Cultivating scorpion venom for fun and profit: A group in Cairo is turning a profit by way of scorpion breeding,…
Tuk tuks, online shopping and oracle business from your favorite explorer keep talking heads busy
Tuktuks are under assault once more as Egypt looks to seven-seater microvans as replacements, Local Development Ministry Spokesman Khaled Kassem…
Cairo is the 12th most “forgetful” city in the world, according to Uber
Cairo is the 12th most “forgetful” city in the world, and Egyptian Uber customers were the most forgetful on 31…
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