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Sunday, 30 October 2022

valU + aiBANK to provide finance to Sylndr customers

Other things we’re keeping an eye on this morning: valU and aiBANK are providing finance options to customers of Sylndr, a group of companies are exploring LNG bunkering in Egypt, and the UK’s charities watchdog has launched an investigation into the British School of Alexandria.

Here’s the rundown:

  • EFG Hermes’ BNPL platform valU and aiBANK will offer customers of online used-car retailer Sylndr financing solutions. Under the partnership, Sylndr customers can pay for their used cars with valU’s 6-60 month installment plans. (Statement, pdf)
  • UAE pharma distributor and supplier Unimed will be the authorized dealer for Egyptian pharma company Wadi El Neel Benta’s (WNB) products in the UAE. (Statement)
  • EGAS signed a letter of intent with Shell, Pyramid Navigation, Infinity and Eagle Gas to explore LNG bunkering. The Suez Canal Economic Zone wants to start providing bunkering services to ships from 1Q 2023. (Oil Ministry statement)
  • Saudi aviation fuel supplier Arabian Petroleum Supply Company (APSCO) is looking to invest in refueling services at all Egyptian airports, starting with Cairo International Airport. (Statement)
  • The UK’s charity watchdog has launched an inquiry into the British School of Alexandria after it failed to open its accounts to the regulator. (Statement)

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