LOGISTICS-

Cyprus’ UW Group is eyeing investments in the Port Said Shipyard to turn it into a global shipbuilding hub offering maintenance, repair, and green scrapping services. This came during a meeting between Suez Canal Authority head Osama Rabie and a delegation from the ship repair and maintenance service provider UW Group, according to a statement from the authority. Both sides will study the proposed partnership and hold further meetings to discuss technical and economic aspects.

(Tap or click the headline above to read this story with all of the links to our background as well as external sources.

TECH-

A new fintech player enters the scene: London-based startup LemFi launched its low-cost payment services in Egypt, tapping into the country’s USD 29.6 bn remittance market, according to a statement(pdf). The company already operates in the US, Canada, the UK, Europe, Morocco, and Tunisia. “This strategic expansion positions [LemFi] to provide its service offerings to Egypt’s massive diaspora community, building on the country’s growing adoption of the digital payments market,” the statement read.

REAL ESTATE-

Real estate developer and asset manager Green Investments launched its digital fractional ownership platform B.almetr, according to AlMal. The platform allows clients to purchase spaces in ready-to-lease units as small as 1 sqm, with investments starting from EGP 500k that are backed by exit options. Regulatory approvals from the Financial Regulatory Authority and the Central Bank of Egypt are still pending.

Tags: