Egypt Edition 
UAE Edition 
Saudi Edition 
MENA <> India Corridor 
Logistics (MENA) 
Climate (MENA) 
Share
EXPANSION-
#1- Thndr eyes regional expansion, UAE debut this quarter: Local investment platform Thndr plans to launch brokerage services on the Abu Dhabi Securities Exchange in 3Q 2025, CEO Ahmad Hammouda told Asharq Business. The move would mark the company’s first step into Gulf markets, with operations in Saudi Arabia set to follow in 2026, according to Hammouda. The company has already applied to set up a brokerage firm in the Kingdom with around USD 15 mn in capital, he added.
Regional expansion ahead of EGX debut? Hammouda said Thndr is aiming at an EGX listing after it builds a regional footprint.
#2- Middle East Glass Manufacturing to open Dubai office: Middle East Glass Manufacturing will open a representative office in Dubai, with CEO Tawfik Laham appointed as its general manager following the board’s approval, according to an EGX disclosure (pdf).
(Tap or click the headline above to read this story with all of the links to our background as well as external sources.)
#3- Siltal opens factory in Senegal: Foreign Minister Badr Abdelatty inaugurated homegrown appliances maker Siltal’s electrical appliances factory in Senegal, according to a ministry statement. The factory will produce electrical products for local and regional markets, as well as transfer Egyptian industrial expertise. The inauguration coincided with the Egyptian-Senegalese Business Forum, which gathered Egyptian and Senegalese officials and industry players to explore partnerships in sectors such as energy, agriculture, manufacturing, and pharma, according to a cabinet statement.
DEFENSE-
US greenlights USD 4.7 bn air defense system sale to Egypt: The US State Department has approved the sale of National Advanced Surface-to-Air Missile Systems (NASAMS) to Egypt in a transaction worth some USD 4.7 bn, according to a statement from the US Defense Security Cooperation Agency. NASAMS — the same surface-to-air missile system currently being used by Ukraine in its war against Russia — includes radar systems, hundreds of advanced medium range air-to-air missiles (AMRAAM) and Sidewinder missiles, training and support equipment, and a wide range of associated logistics and technical services. The sale “will support the foreign policy goals and national security objectives of the United States by improving the security of a major non-NATO ally that is a force for political stability and economic progress in the Middle East,” the agency said in the statement.
