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Europe virus pass is endorsed in boost for summer vacations
Several EU countries have already begun using the system, including Bulgaria, Croatia, the Czech Republic, Denmark, Germany, Greece and Poland
Updated 12 min 13 sec ago
AP
June 09, 2021 09:05
BRUSSELS: European Union lawmakers on Wednesday endorsed a new travel certificate that will allow people to move between European countries without having to quarantine or undergo extra coronavirus tests, paving the way for the pass to start in time for summer.
The widely awaited certificate is aimed at saving Europe’s travel industry and prime tourist sites from another disastrous vacation season. Key travel destinations like Greece have led the drive to have the certificate, which will have both paper and digital forms, rapidly introduced. Right now, traveling in the EU’s 27 nations is a trial for tourists and airlines alike. Countries have various COVID-19 traffic-light systems, where those in green are considered safe and
Why SPACs aren’t targeting African startups
One. That’s the number of African tech companies that have gone public on the NYSE in the last 10 years. Two, if you’re counting local exchanges. The former is African-focused e-commerce company Jumia and the latter is Egyptian fintech company Fawry.
As a tech company, Fawry’s listing on the Egyptian Stock Exchange is a rarity. Typically, most exchanges in emerging markets like Africa, India, and Latin America are filled with traditional companies in age-old sectors like banking, telecoms, manufacturing, and energy.
Unlike Fawry, what you see these days are new-age tech companies from these markets going public abroad, especially in the U.S. Due to the friendly nature of U.S. exchanges such as Nasdaq and the NYSE, and their history building up the FAANG and other multibillion-dollar companies, they have become the top destination for IPO-ready companies in emerging markets.
It made the disclosure in a filing to the Egyptian Stock Exchange on Monday.
The proposed deal was originally announced by Cleopatra in late December 2020, with an estimated value of about $500 million.
But it was quickly followed by an announcement from the Egyptian Competition Authority saying that it did not agree in principle to the acquisition.
It highlighted the potential consolidation of Cleopatra’s dominance over hospitals around Cairo and Giza.
Alameda Healthcare’s network includes four tertiary care hospitals in Cairo, two of which are currently being constructed. Once the facilities are fully commissioned Alameda Healthcare will have a capacity of 890 beds, according to its website. The network also includes facilities in Kuwait and London, outpatient clinics, diagnostic centers, specialist centers, pharmacies, and a rehabilitation center.