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Brimore invests USD 5 mn in a pre-seed round for logistics arm Milezmore + Milango acquires rival Circle
Social commerce startup Brimore has invested USD 5 mn in a pre-seed round for its delivery and logistics services arm…
Car sales up 13% in January
Passenger car sales were up 13% y-o-y in January, according to industry figures released yesterday. Data from the Automotive Information…
NREA looks for international support to upgrade experimental nuclear reactor
Kazakhstan or Belgium could help upgrade Inshas nuclear reactor: The New and Renewable Energy Authority (NREA) is reportedly looking into…
Cement production quotas bring Spegyco back from zombie status
Saad El Din Group has restarted operations at the Spanish Egyptian Cement factory (Spegyco) after a three-year hiatus, the group’s…
Swvl receives funding boost ahead of Nasdaq SPAC merger + Anghami starts trading
The EBRD is backing Swvl ahead of Nasdaq debut: Egypt-born, UAE-based mass transit app Swvl has new investors on board…
Delivery startup Yalla Fel Sekka plans MENA expansion after closing USD 7 mn series A round
Delivery startup Yalla Fel Sekka (YFS) has closed a USD 7 mn series A funding round, the company announced in…
Fawry sees 400% y–o-y boom in online payments in 2021
Fawry saw transaction values surge last year: The e-payments giant processed EGP 6 bn worth of cashless POS transactions through…
Bahrain-based crypto exchange Rain raises USD 110 mn series B
Crypto platform Rain raises USD 110 mn series B: Bahrain’s Rain Financial, the parent company of crypto trading platform Rain…
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