Egypt
Egypt: Diggipacks invests in Egyptian delivery startup FwRun
DIGGIPACKS, a last-mile Saudi delivery and logistics service provider just acquired Egypt-based storage fulfillment provider FWRUN. The company also looks to expand its presence ...
Egypt
EGYPT: BANKS WARN AGAINST FRAUDULENT PRACTICES FOLLOWING BANQUE MISR PHISHING INCIDENTS
Banks operating in the Egyptian market have warned their customers of fraudulent practices that they could be exposed to as a result of ...
Egypt
Egypt: MAF Global Solutions enters deal with ITIDA for first shared service center
Egypt’s ITIDA just signed a cooperation agreement with Majid Al Futtaim Global Solutions to set up shared services centers across Egypt. The event took place in the ...
Egypt
Egypt: MaxAB raises extra $15M and acquires Morocco startup WaystoCap
MaxAB, an Egypt startup secures additional funding in the first round since July from existing investment worth $15 million raising the total sum ...
Egypt
Egypt: Arab Bank launches fintech-focussed AB Accelerator in Egypt
Arab Bank launches the Egypt version of the AB Accelerator – a Fintech-focused corporate accelerator programme. Launched in 2018 in Jordan, the accelerator targets to ...
Egypt
EGYPT: REMITTANCES FROM EGYPTIAN EXPATRIATES RECORD $28.5B IN 11 MONTHS, $2.6B IN MAY
Remittances from Egyptian expatriates increased 13 percent or $3.3 billion during 11 months from July to May of 2020/2021, recording $28.5 billion, compared ...
Egypt
EGYPT : CENTRAL BANK OF EGYPT JUSTIFIES INFLATION HIKE DURING JULY 2021
Egypt’s annual headline urban inflation increased to 5.4% in July 2021, compared to 4.9% in June 2021, mainly affected by unfavorable base effects. ...
Egypt
Cairo transport App Schoolz raises 6-figure pre-seed round
Schoolz, a school kids transportation startup has raised a 6-figure pre-seed funding round from both Egypt and Saudi Arabia investors. The Schoolz App ...
Egypt
EGYPT: BANK ABC ACQUIRES 99.5% OF BLOM BANK EGYPT
The Arab Banking Corporation (Bank ABC) has completed its acquisition of 99.5% of BLOM Bank Egypt, to expand its presence in the Middle ...
Egypt
Egypt among top three in MENA regions with highest startup investment rates
MAGNiTT has announced the launch of its first quarter of 2021 reports, which cuts across the eCommerce, food and beverage, fintech, delivery and logistics ...