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THIS MORNING: Russia bails on Ukraine grain pact following Crimea drone attack
Good morning, wonderful people. We hope the weekend was good to you — and that you’ve had plenty of time…
Another subsea cable for our regional data hub ambitions
Telecom Egypt inaugurated its Red2Med submarine cable which runs from Ras Ghareb’s Red Sea to Port Said’s Mediterranean through the…
High-interest CDs are all the rage + rare earths in Egypt get global attention
Banks are issuing high-interest CDs to help them cushion the impact of the CBE’s new reserve requirements. A number of…
Qatar could soon invest up to USD 2.5 bn in state-held firms
Qatar could invest as much as USD 2.5 bn in state-held firms: Qatar’s sovereign wealth fund is in advanced talks…
THIS EVENING: Qatar’s SWF snapping up USD 2.5 bn-worth of state-owned company stakes + MaxAB closes USD 40 mn pre-series B
Happy almost-THURSDAY, wonderful people. The weekend is (just) within reach, but the news cycle isn’t dying down just yet. THE…
Investors expect 14% deval ahead of IMF facility. Plus: News from Hassan Allam, OC and Schneider
EGP WATCH- Investors see 14% deval ahead of IMF agreement: Three-month non-deliverable forwards on the EGP — i.e., where investors…
Solutions by STC now owns 88.2% of Giza Systems
Solutions by STC has completed the acquisition of 88.2% of Giza Systems, it announced in a statement (pdf) yesterday. The…
Sweden’s Svante Pääbo lands Nobel Prize for Neanderthal genome sequencing + Africa’s internet speeds are lagging behind the rest of the world
Swedish scientist Svante Pääbo was awarded the 2022 Nobel Prize in Physiology or Medicine, for his seemingly impossible “discoveries concerning…
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