• Monday, 16 August 2021

    More startup news than you can shake a stick at

    Transport startup Schoolz has closed a six-figure USD pre-seed round from angel investors in Egypt and Saudi Arabia, the company said in an emailed statement (pdf). It plans to use the capital to launch several new products, including Schoolz for...
  • Sunday, 15 August 2021

    Swvl, New Capital company eye debuts on EGX

    Swvl could debut on EGX in 2022-2023: Mass transportation startup Swvl is considering an initial public offering on the Egyptian Exchange in 2022-2023 following its planned debut on the Nasdaq in 4Q2021, CFO Youssef Salem told Reuters, without providing further...
  • Sunday, 1 August 2021

    Zain to invest USD 10 mn in Swvl listing

    Kuwaiti telecoms provider Zain will invest USD 10 mn in Swvl’s newly announced merger with US-based SPAC Queen’s Gambit, ahead of the ride-sharing app’s highly anticipated debut on the Nasdaq, according to a company statement (pdf) to the Kuwaiti bourse....
  • Thursday, 29 July 2021

    EM stocks give up 2021 gains on China fears

    EM stocks give up 2021 gains on China fears: The MSCI Emerging Markets Index fell 2.4% on Monday, erasing 2021 gains, as a sell-off in Chinese stocks gathered pace, Bloomberg reports. Chinese shares, which make up a third of the...
  • Sunday, 25 July 2021

    TONIGHT: UAE’s Al Dar has 30 days for SODIC MTO. + Check out Egypt’s performance so far in Tokyo Olympics.

    Corporate Egypt is easing back into the workweek after a long Eid vacation — and the summer news slowdown seems to be in full swing abroad, compounded by this being the opening weekend of the 2020 Tokyo Olympics.THE BIG STORY...
  • Thursday, 15 July 2021

    Egypt’s first football listing worth EGP 200 mn?

    Ghazl El Mahalla FC is looking to make an EGP 200 mn EGX debut, Prime Holding CEO Mohamed Maher tells us. Prime is quarterbacking the company’s listing on the bourse.Wait, how can the company know the value of the transaction...
  • Thursday, 15 July 2021

    Oil falls amid rumours of Saudi-UAE oil supply agreement

    Oil falls amid rumours of Saudi-UAE oil supply agreement: Oil prices fell back yesterday after press reports suggested that Saudi Arabia and the UAE had come to an agreement over increasing oil supply. The price of Brent fell 2.3% to...
  • Tuesday, 13 July 2021

    Oil supply looks like it will remain tight through August

    Oil supply looks like it will remain tight through August: Saudi Arabia and the UAE have both fixed supply volumes for August, meaning that even if the two countries did find a way to resolve their dispute and agree to...
  • Wednesday, 30 June 2021

    Backlash on the global corporate tax pact

    A possible backlash against the global corporate tax pact: Global tax negotiators are struggling to get holdout states on board to sign up to the global corporate tax pact agreed by G7 nations earlier this month, the Financial Times reports....

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