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Egypt business conditions contracts further in July. Here’s why

Business conditions in Egypt contracted further in July, albeit at a slower pace than the previous month’s two-year low, due to a decrease in...

Furniture marketplace startup Homzmart raises $23 million to support regional expansion

Egyptian furniture and e-commerce marketplace Homzmart said Monday that it raised $23 million in a Pre-Series B funding round to support the startup’s regional...

Egypt needs progress on fiscal and structural reform, says IMF

The International Monetary Fund (IMF) said Tuesday that Egyptian authorities need to make “decisive progress” on fiscal and structural reform as well as foster...

Allianz to reportedly hold 40% stake in $2 billion joint venture with Sanlam

Allianz, Germany’s multinational financial services provider, will reportedly hold a 40% stake in its $2 billion joint venture with South Africa’s Sanlam Group. Allianz and...

Cartona raises $12 million in series A funding round for further expansion

Egyptian B2B e-commerce startup said Monday that it raised $12 million in a Series A funding round led by Jordan and US-based firm Silicon...

Egypt’s cabinet approves listing of army companies Wataniya and Safi

Egypt’s cabinet approved the pre-listing procedures for military companies, petrol stations operator Wataniya Petroleum and water company National Company for Producing and Bottling Water...

Sudan-based fintech startup Bloom raises $6.5 million from Y Combinator and Visa

Sudanese fintech firm Bloom has reportedly raised $6.5 million in a seed funding round led by payments giants Visa, Y Combinator, US-based VCs Global...

KPMG: Saudi Arabian insurance firms pursued digitalization and expected to close year-end with higher top-line

Insurance companies in Saudi Arabia continued their top-line growth momentum at the end of Q3 2021, with a matching trend foreseen for year-end, KPMG...

Can digital wealth management contribute to Saudi Arabia Vision 2030 and beyond?

Saudi Arabia has set an ambitious target of broad economic reform and diversification by 2030. The kingdom is strengthening its stock market and bringing efficiencies to...

Easycash: an interoperable ePayment suite powered by Wallet Factory launched in Egypt

EasyCash, a revolutionary digital wallet solution for effortless online payments, has been recently soft-launched for iOS and Android users in Egypt. EasyCash has become the...

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