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Logistics startup Naqla raises USD 10.5 mn in pre-series A funding
Trucking startup Naqla has raised USD 10.5 mn in a pre-series A round led by El Sewedy Capital Holding, Hassan…
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…
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…
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…
THIS EVENING: Inflation rose to 5.9% in December + first day of WYF wraps up
Good afternoon, wonderful people. It’s a relatively calm but not dull Monday afternoon as we get back in the swing…
Car sales drop in November
Passenger car sales dipped in November, falling 3.9% y-o-y, according to industry figures released yesterday. Data from the Automotive Information…
TRY rebound: Smoke and mirrors?
Boom year for IPOs ≠ historic returns: More than half of this year’s IPOs in the US are currently trading…
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