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AI + Innovation (MENA) 
Infrastructure 
Local fintech player Lucky One raises USD 3 mn in convertible note funding
The financing round will enable the startup to scale up its credit lending offering to users in Egypt
Meet our founder of the week: VOO’s Omar Abouzeid
VOO is a premium online convenience store
Optimism over cryptocurrencies sours as BTC, ETH plummet amid stock market slump
The reversal in sentiment follows an uptick in crypto’s outlook after BTC EFTs hit the market
OCI sells blue ammonia project for USD 2.4 bn. PLUS: News from Valu, KarmSolar, I-Score
The project will have a production capacity of 1.1 mn ton of blue ammonia per year during its first phase
Qardy secures USD seven-figure pre-seed round
Qardy plans to boost its services in Egypt and accelerate its regional expansion with the fresh funds
Egypt launches USD 660 mn ethane gas import company. PLUS: News from Banque du Caire, Tourism Ministry,
The company aims to import 1.1 mn tons of liquefied ethane gas a year
Old tech is dead, long live old tech
How does a Silicon Valley entrepreneur in the 80s make their product — previously only used by specialized professionals —…
Synapse Analytics raises USD 2 mn in funding round
The funds will help the company expand into markets across the MEA region
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