Edgo VC has led a US$400k seed round investment in micro-lending startup Interactive Solution for Financing (“Solfeh”). This funding round has included co-investment from an angel investor and will be completed by an investment from a venture capital fund. These new investors have joined existing shareholders, Oasis500 and Solfeh founder and CEO, Ali Tabbalat. Read more…
In line with its commitment to supporting education in Jordan, including the Kingdom’s southern region, as well as its firm belief in the entrepreneurial role that the Aqaba University of Technology (AUT) is undertaking, the Munib and Angela Masri Foundation has donated $500,000 to AUT. Read more…
ESP Ltd (ESP) are pleased to announce the appointment of Issam Elhouni as Operations Manager based in Tripoli, Libya effective 10 September 2019. Issam joins ESP from the General Construction Group in Kuwait City and has extensive experience in the oil and gas industry in Kuwait, Canada and Libya, including a role at the Reda Pump company. Read more…
Three members of the Edgo group’s sales team travelled to Kuala Lumpur in July to attend a sales training seminar with a renowned figure in the oil and gas industry. Read more…
A high-level joint public and private sector delegation, which included Munib R. Masri, founder of Edgo, and Palestinian Prime Minister Mohammad Shtayyeh, visited Baghdad last week to advance cooperation and trade between the two countries.
During the visit, Dr. Shtayyeh met with Iraqi President Barham Salih to discuss implementing memorandums of understanding and agreements between Iraq and Palestine.
The meeting marked an important step in the Palestinian Authority’s strategy to pursue plans to import oil from Iraq. Currently, Palestine has to import oil from Israel under restrictive economic agreements.
Following the discussions, the Iraqi government reaffirmed its support for the Palestinian people and its commitment to achieving a just and comprehensive political solution for Palestine.