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Dubai-based start-up YAP, which operates a digital banking app, has raised $41 million to fund its expansion in the Middle East, Africa and Pakistan, Zawya reports. The investors include Saudi Arabia’s Aljazira Capital alongside Abu Dawood Group, Astra Group and Read more
Riyadh-headquartered B2B ecommerce marketplace Retailo has announced the acquisition of Dubai-based online marketplace DXBUY for an undisclosed investment, after the company raised $36 million for its Series A round in February this year. The platform in a statement said the Read more
Egypt is planning to go after the Latin America and Asia tourism markets, the Arab republic’s Deputy Tourism Minister has told Bloomberg in an interview, Arab Finance reports. Ghada Shalaby told US media that the plan comes as an attempt Read more
Cairo-based investment bank EFG Hermes has appointed Goldman Sachs to advise on First Abu Dhabi Bank’s (FAB) offer to acquire a majority stake, the bank has said in a statement. The board of Egypt’s largest investment bank also said it Read more
Orcas, a Cairo-based learning platform connecting parents and students to trust tutors and babysitters, is planning to expand to Saudi Arabia and Pakistan, Co-Founder and CEO Hossam Taher has revealed. The plan is coming after the company closed its third Read more
IHC Food Holding, a subsidiary of International Holding Company (IHC), has acquired 75 per cent of Abu Dhabi Vegetable Oil Company (ADVOC), IHC has announced, Zawya reports. The conglomerate did not provide details on the operation but indicated that the Read more
Egypt and Pakistan Sunday contemplated plans to strengthen bilateral relations including defense between the two countries, nearly one month holding joint military drill. President Abdelfattah al-Sisi and Pakistani Joint Chiefs of Staff Committee Chairman Gen. Nadeem Raza discussed “strengthening bilateral Read more
U.S-based ride-hailing company, Uber, has named Saad Pall, new General Manager (GM) of the company in the Middle East and North Africa as well as Pakistan. Pall, per the company’s decision, will oversee the company’s operations in 36 cities across Read more
Kuwait Sunday agreed to end the decision not to issue family and business visas to Pakistanis, in place since 2011, Pakistan’s Interior minister Sheikh Rasheed Ahmed said. The Gulf country in 2011 suspended issuance of family and business visas to Read more
Egyptian Elsewedy Electric also knowns as El Sewedy Cables, which manufactures integrated cables and electric products, mulls to start operations in India after it made two acquisitions in Indonesia and Pakistan. CEO Ahmed Elsewedy told Asharq Business that the company Read more