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Swvl to debut on the Nasdaq today after SPAC merger approved
Swvl is making its landmark Nasdaq debut today: Shares in Egypt-born, UAE-based mass transit app Swvl will start trading on…
National Bank of Egypt ups stake in Fawry — is a stake sale to ADQ next?
Another state-owned bank appears to have just bought a chunk of Fawry, likely setting up the sale of the government-controlled…
Khazna wants a SPAC to call its own
Fintech startup Khazna could set up a SPAC in 2024, a company spokesperson told Enterprise, confirming a report from Al…
Whatever happened to no politics in sports? + Crypto-focused SPACs are having their day in the sun + Fertilizer shortage exacerbates global hunger
Arab athletes speak out on double standards on bringing politics into sports: Athletes and commentators are pointing out international sporting…
ADQ is buying … a lot
Abu Dhabi wealth fund ADQ is acquiring state-held stakes in Abu Qir Fertilizers, Mopco, and Alexandria Container & Cargo Handling,…
Gov’t agrees USD 2 bn asset sale with Abu Dhabi wealth fund — and more GCC investments are probably in the pipeline
Accelerated sale of assets to Gulf investors will bring in fresh capital: We said yesterday that the Madbouly government would…
FAB eyes GB Lease takeover
First Abu Dhabi Bank (FAB) is in advanced talks with GB Auto to acquire 100% of its leasing arm GB…
Dilenytech acquired by US therapy provider, Welnes lands USD 300k seed round + IFC commits USD 5 mn to Disruptech fund
US-based therapy provider Astute Imaging has acquired Egypt-based healthtech startup DilenyTech, which provides radiology screening and diagnostic solutions powered by…
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