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Emirates NBD H1 profit $3.40bn

Total income rose by 12 percent in the same period.

ADIB H1 pre-tax profit $1.08bn

Q2 pre-tax net profit increases by 14 percent.

AstraZeneca to invest $50bn in US

Bulk of funds to go into a Virginia manufacturing center.

UAB net profit up by 50% for H1

Total assets increase by 11 percent.

TSMC Q2 profit up 60%

TSMC is the world's largest contract maker of chips.

Nawy raises $5m in funding

  • Nawy is focused on capitalizing on digital technologies and expanding the business to create an informed and transparent decision-making process for its customers
  • “We were one of the initial investors in Nawy because we saw the company's potential,” said Onsi Naguib Sawiris, who leads the family office

Nawy, a Cairo-based property dealer, obtained a seed funding round of $5 million, led by the Sawiris family office.

Nawy is focused on capitalizing on digital technologies and expanding the business to create an informed and transparent decision-making process for its customers.

“We were one of the initial investors in Nawy because we saw the company’s potential,” said Onsi Naguib Sawiris, who leads the family office.

Nawy was founded in 2016 by Mohamed Abou Ghanima, Abdel-Azim Osama, Ahmed Rafea, Aly Rafea, and Mostafa El Beltagy, providing a large database of properties for its users.