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WAYA Is Going Live With Thndr on Clubhouse This Tuesday

Are you on Clubhouse? You don't want to miss out on this room we're launching with Thndr where we're going to talk about the Egyptian capital market, fintech, financial inclusion and the story behind Orascom's demerger.
by WAYA Staff - Mar 7, 2021
WAYA Is Going Live With Thndr on Clubhouse This Tuesday

We are very excited about going live with Egyptian trading app Thndr on Tuesday, March 9th at 8:30 PM (Cairo time), to talk about Orascom’s demerger. In the room you’ll find Thndr’s CEO Ahmad Hammouda, Marketing Lead Nelly Elewa, and the CEO of Founders Media (WAYA’s mother company) Gamal Helmy.

Also joining us on the call are the duo from Orascom Financial Holding, non-executive chairman Onsi Sawiris and CEO Nils Bachtler, who are going to let us in on the story behind their demerger from Orascom Investment Holding. Sawiris and Bachtler will also walk us through their thought process and talk to us about what they have in store for the fintech space in Egypt.

Thndr Claps with WAYA is a weekly show that will go live on Clubhouse every Tuesday. This is just one of the many Clubhouse rooms we’re preparing to launch, stay tuned.

If you see something out of place or would like to contribute to this story, check out our Ethics and Policy section.

Saudi Pressures Companies to Move Regional HQs to the Kingdom

by WAYA Staff - Mar 7, 2021
Saudi Pressures Companies to Move Regional HQs to the Kingdom

Saudi Arabia is increasing pressure on international firms to shift their Middle East hubs to the kingdom. It plans to stop signing contracts with businesses that are headquartered elsewhere in the region. The announcement means there will be an increase...

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Verofax Raises $1.2 Million in Seed Funding

by WAYA Staff - Mar 4, 2021
Verofax Raises $1.2 Million in Seed Funding

Verofax Limited, an automation and traceability platform, has secured $1.2 million in a Seed funding round, led by Trove Capital UK. Other investors included MFD Holding, Kepler Fund Managers, and Casablanca Holding. This funding marks Verofax porting its platform on...

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Anghami to be MENA’s First Tech Company on NASDAQ

This comes after merging with Vistas Media Acquisition Company.
by WAYA Staff - Mar 3, 2021
Anghami to be MENA’s First Tech Company on NASDAQ

Lebanese music streaming app Anghami announced today, Wednesday, that it will become the first Arab tech company to list on the Nasdaq after agreeing to merge with a special purpose acquisition company (SPAC). Anghami is merging with Vistas Media Acquisition Company...

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Lessons from Egypt’s Real Estate Market

The founders of Sakneen, Ramy Khorshed a Hussein El Kheshen, spoke to WAYA about the challenges facing the real estate sector in Egypt, and consequently their business, in light of their one-year experience in the market.
by Lana Ahmed - Mar 3, 2021
Lessons from Egypt’s Real Estate Market

Within just one year of its launch, the real estate platform Sakneen has raised $1.25 million in seed funding round, from Algebra Ventures and Sarwa Capital in addition to other angel investors. The funding followed the startup’s graduation from the...

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Fawry is on track to own 86% of Fawry Plus

by WAYA Staff - Mar 2, 2021
Fawry is on track to own 86% of Fawry Plus

Fawry’s board of directors has approved the company’s request to negotiate the acquisition of an additional 48% stake in Fawry Plus. Fawry already owns 38% of its subsidiary and wants to buy CIB’s 23.5% stake and Banque Misr’s 24.5% stake....

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Ford Buys School Supplies for SWVL Captains’ Children

Ford will donate $40,000 to the Egyptian Association for Educational Resources to provide for 1,000 children.
by WAYA Staff - Mar 2, 2021
Ford Buys School Supplies for SWVL Captains’ Children

Throughout the COVID-19 pandemic, Ford Motor Company has dedicated considerable resources to assist global communities and humanitarian organisations involved in helping the most vulnerable members of our society. As part of its partnership with Cairo-based ride-sharing service SWVL, Ford Motor...

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Startups in Saudi Arabia Raised $38.3 Million in February 2021

And this is just the tip of the iceberg.
by Leena ElDeeb - Mar 1, 2021
Startups in Saudi Arabia Raised $38.3 Million in February 2021

Nothing was the same after June 2017, when Mohammed bin Salman (MBS) was appointed crown prince of the Kingdom of Saudi Arabia. Especially after pumping $3.5 billion in Uber and turning heads in Silicon Valley. The ecosystem in Saudi Arabia,...

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WeCare: Creating Sustainable Alternatives to Single-Use Plastics

by Nour El Khazindar - Feb 28, 2021
WeCare: Creating Sustainable Alternatives to Single-Use Plastics

WeCare is the third startup featured on The Greener Path, a WAYA original series sponsored by Royal Herbs highlighting eco-friendly startups in Egypt. Plastic covers the stalls in major supermarket chains in Egypt, leaving those looking for less polluting options...

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Dubai’s IFC partners with London-based EdAid’s Funding Platform

by WAYA Staff - Feb 27, 2021
Dubai’s IFC partners with London-based EdAid’s Funding Platform

The DIFC Academy, which is part of Dubai’s International Financial Centre, has recently partnered with London-based FinTech platform EdAid. The partnership between DIFC Academy and EdAid aims to establish an independent University campus and a physical co-working, co-study space for...

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