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Mental health startup O7 Therapy raises USD 2.1 mn seed round + Flat6 launches new Saudi fund
Egyptian online mental health startup O7 Therapy has raised a USD 2.1 mn seed round in what the startup says…
IFC acquires 5% stake in IDH
The IFC now owns a 5% stake in consumer healthcare giant IDH: The International Finance Corporation (IFC) and its IFC…
Arabia Investments wins appeal in years-long lawsuit against Peugeot
A Cairo court has upheld Arabia Investments Holding’s appeal in its years-long EUR 150 mn lawsuit against Peugeot, filed in…
Digital healthcare firm Altibbi closes USD 44 mn series B round, proceeds will help fuel expansion in Egypt and KSA
Jordanian digital healthcare platform Altibbi has raised USD 44 mn in a series B funding round and will use the…
Nursing in Egypt: Where does it fall short and how can it be improved?
With both quality and quantity shortfalls, how are Egypt’s private sector healthcare providers addressing their nursing staff woes? A lack…
EFG Hermes’ private equity units eye fresh investments + acquisitions
EFG Hermes-led Vortex Energy, RX Healthcare, and Education Fund eyeing fresh investments + acquisitions: EFG Hermes’ Egypt Education Fund, and…
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…
THIS EVENING: Egypt is “negatively affected” by soaring oil prices + Evacuation in Ukraine fails for second time
Good afternoon, ladies and gentlemen, and welcome to the start of a new week. Today’s news cycle is once again…
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