Cairo-based fintech company Hollydesk raises $325k to expand its business
The funding round was led by Faisal Abdel Salam
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ADQ and Alpha Dhabi invest $375 mn in OCI’s methanol business
The UAE companies will receive a 15 percent stake in the OCI Methanol Group
Mater Dei strikes a $55 mn deal to buy hospitals in Minas Gerais
It has acquired Hospital Santa Genoveva and medical lab Centro de Tomografia Computadorizada Uberlandia
Singapore-based BNPL firm Pace raises $40 mn to expand its business
Currently, Pace operates in Singapore, Malaysia, Hong Kong and Thailand
3air to solve Africa’s broadband problems by leveraging blockchain technology
The company will use an ISP platform built on Cardano to provide internet to the remote regions in Africa
Palm Hills plans to invest $242 mn by 2022
Real estate prices in Egypt is expected to increase by 10-12% in 2022
Oil prices drop by 3% since October over supply release expectations
Brent crude stands at $78.32 per barrel
Standard Chartered launches $100 mn Islamic finance program
This initiative is aimed at helping halal businesses in Asia, Middle East and Africa
Dubai Air Show 2021 sees 5 deals worth $78 bn
The current value crossed the value of per-pandemic deals, which stood at $27.24 bn
UAE and Russia ink agreement to partner on hydrogen development
Both countries agree to collaborate in manufacturing of hydrogen equipment production, liquefaction and use of raw hydrogen