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LOGISTICS-
Rafed debuts new Abu Dhabi vaccine hub: ADX-listed PureHealth subsidiary Rafed has launched a new regional vaccine distribution hub in the Khalifa Economic Zone Abu Dhabi (Kezad), according to a statement. The facility is the first distribution center for biopharma firm GSK in the Middle East.
The details: Rafed will operate the facility, which will distribute mns of doses of 20 different vaccines for adult and pediatric use annually. It will serve more than 100 international destinations with time-sensitive, temperature-controlled freight services, the statement says. Etihad Cargo, the Abu Dhabi Investment Office, AD Ports, and the Abu Dhabi Department of Health are also involved.
EDUCATION-
FAB’s Lime launches in Egypt: First Abu Dhabi Bank (FAB) launched its education-focused fintech Lime in the Egyptian market with an initial investment of USD 9.4 mn, the lender announced in a press release (pdf). The FRA-licensed platform offers 6-12-month installment plans for amounts of up to EGP 1 mn, with digital onboarding and approvals provided within minutes. At the moment, Lime is all about the education sector — partnering with nurseries, schools, and universities — but plans to expand into other essential sectors.
