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Egyptian-UK fintech player Zeal raises USD 4 mn to scale up
The startup is looking to step foot in Cyprus, Greece, Saudi Arabia, and the UAE
Alshaya Group to downsize business in Egypt?
The group will shut some 60 of its shops across the country
Gov’t sets market controls for seven commodities in bid to tackle hoarding
The decision will be enforced for a 6-month period or until further notice
2024 is already shaping up to be an expensive year as Egyptian regulators allow new price hikes
Mobile phone plans are being increased by up to 16%
e-Finance could acquire two digital payments firms + Savola’s Panda bids for Alfa stores
Two M&A stories have our attention this morning: The first ise-Finance’s bid to acquire two digital payments firms as it…
Benya and Khazna to break ground on 25 MW data center in 1Q 2024. Plus: Osilan, Protech, Beltone, Capgemini, and more
The project cost comes in at a total of USD 250 mn
Dice’s founders have bought back another third of their company
The family increased its total stake by 30.5% at a cost of EGP 436 mn
Eastern hikes smoke prices by up to 33%
The hike in prices follows recent amendments to to tobacco taxes
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