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E-commerce startup Teegara raises undisclosed bridge round
E-commerce startup Teegara has successfully closed a five-figure USD bridge round led by Alexandria Angels Network, with participation from new…
MSCI adds EFG Hermes to global standard index, e-Finance enters small-cap index
MSCI tweaks Egyptian firms included in its global indices: EFG Hermes has been added to MSCI’s standard equities index from…
Amazon invests in EFG Hermes; could swap for >4% stake in valU at current USD 235 mn valuation
Amazon snaps up EFG GDRs, with option to swap for valU shares: Amazon has agreed to purchase USD 10 mn…
Karm Solar, EFG Hermes, GB Auto are among Africa’s fastest-growing companies, according to the FT
KUDOS- Karm Solar has been named as one of Africa’s 20 fastest-growing companies in the Financial Times’ inaugural Africa edition…
CI Capital dethrones EFG Hermes to top the EGX brokerage league table
CI Capital topped the EGX’s brokerage league table in April, with a market share of 43.9%, according to figures from…
FAB drops its bid for EFG Hermes. Plus: Incolease, Mondi in transactions.
Emirati lender First Abu Dhabi Bank (FAB) has dropped its bid for a majority stake in leading financial services corporation…
THIS EVENING: First Abu Dhabi Bank withdraws EFG acquisition bid + Musk wants all of Twitter. Plus: NYC subway shooter arrested.
We made it to the weekend, friends, and we’re being rewarded with yet another big news day to really feel…
Dubai becomes a top-five IPO destination as DEWA shares soar on debut
DEWA shares surge on debut: The Dubai Electricity and Water Authority’s (DEWA) shares jumped as much as 23% on their…
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