The Financial Regulatory Authority (FRA) has issued its first comprehensive guide to the rules and regulations governing consumer finance companies, providing a unified reference for the regulatory requirements governing the activity. The guide aims to enhance companies’ and sector employees’ awareness of all legislative and regulatory obligations imposed on them and facilitate compliance with regulatory […]
Cairo: 3 September 2026: 3C Coding School, a premier platform specializing in coding, technology, and artificial intelligence education for children and youth, has officially closed its $3 million Seed funding round. The direct equity investment was spearheaded by MRG Economic Group, led by Egyptian business leader Mahmoud Ramadan, with participation from prominent investor Amr Saad […]
Islamabad, Pakistan – Export-Import Bank of Pakistan (Pak EXIM) onboarded AutoSoft Dynamics for the implementation of a modern next-gen Core Banking System, designed to support Pak EXIM evolving operational, regulatory, and business requirements. The engagement marks the beginning of a landmark digital transformation journey to strengthen Pakistan’s export-finance ecosystem through modern, Shariah-compliant banking technology. The […]
Cairo, Egypt – GRANITE Financial Holding, a digitally-enabled asset management company, announced today that it is collaborating with Tarmiiz Information Technology to develop a tokenization model for money market funds within the Financial Regulatory Authority’s (FRA) Regulatory Sandbox, in a move aimed at testing the regulatory and operational framework required to apply asset tokenization to money […]
CIB-backed digital banking platform, yomo, set to make managing money simpler, more accessible and more empowering for millions of Egyptians at home and abroad. Cairo, Egypt: Commercial International Bank – Egypt (CIB) announces that the Bank received today preliminary approval from the Central Bank of Egypt to establish yomo digital bank, in line with Egypt’s digital […]
Cairo, Egypt: Egypt-based investment advisory platform Exits MENA has signed a multi-seven-figure transaction, alongside Avanz Capital Egypt’s existing local management, to acquire Avanz Capital Egypt (ACE), a private equity and asset management firm. The transaction has received initial approval from Egypt’s Financial Regulatory Authority (FRA) and marks a significant step in Exits MENA’s strategy to […]
Cairo: Beltone Venture Capital has announced the successful partial exit from BirdNest, delivering a 3.5x return on invested capital and an 80% internal rate of return (IRR) over a two-year holding period. The partial exit was executed across Beltone Venture Capital’s direct stake and its indirect stake through the joint fund with UAE-based Citadel International Holdings, […]
Yango Group, the UAE-based technology company, has invested in Egypt’s Fincart through its corporate venture fund, Yango Ventures, as part of the AI-powered e-commerce operations platform’s oversubscribed $2.8m seed funding round. The investment will support Fincart’s product development, team expansion, and new commercial partnerships as the company prepares to expand into additional markets across the […]
Cairo, Egypt; 27 July 2026: The National Bank of Egypt, in collaboration with Mastercard, has announced the launch of the USD Corporate Debit Card, a breakthrough solution designed to empower Egyptian businesses – from large corporates to small and medium enterprises (SMEs) with seamless access to global commerce. Soha El Turky, Deputy CEO at NBE, […]
The oldest myth in investing meets the UAE’s lowest-cost entry point of the year. The UAE summer has a rhythm. The heat clears the calendar. Evenings stretch out. The relentless pace of the year quietly pauses and for the first time in months, there’s actually time to think. For a lot of people, that means […]