RETAIL-

OB Financial Holding — FKA as Orascom Financial Holding — plans to establish a new subsidiary in the retail sector, according to a disclosure (pdf) to the EGX. The proposed unit will focus on investing in companies in the food and beverage sector and is expected to launch in 1H 2026, OB Financial’s Investor Relations Officer Mahmoud Sabri told Al Borsa.

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The new company will be managed by private equity firm BPE Partners, while OB Financial will retain full ownership during its establishment phase. Later, it plans to reduce its stake in the company to below 25%.

MANUFACTURING-

Electronics and home appliances manufacturer El Araby Group will begin locally manufacturing fixed internet home routers, Al Mal reports, citing sources it says are in the know. The project will be carried out in partnership with the Information Technology Industry Development Agency and a local mobile network operator. The project’s first phase will have a local component ratio of 40%.

EDUCATION-

Our friends at Somabay have inaugurated the GEMS International SchoolSomabay — the first GEMS-branded school on the Red Sea coast and a key step in turning the destination into a year-round residential hub, according to a statement (pdf). The school is operated jointly by Somabay and Egypt Education Platform. The first phase of implementation will serve 260 students, the figure will increase to 330 during phase two and 660 by 2030.

MICROFINANCE-

EFG Finance’s Tanmeyah is rolling out a full digital-onboarding suite through its mobile app under a strategic partnership with digital solutions provider VLens, according to a press release(pdf). Under the partnership, Tanmeyah will introduce Optical Character

Recognition (OCR), liveness checks, eKYC verification, and e-contract signing.

DIPLOMACY-

Egypt, Azerbaijan sign cooperation protocol covering 12 sectors: Planning Minister Rania Al Mashat and Azerbaijani Digital Development and Transport Minister Rashad Nabiyev signed a cooperation protocol covering 12 priority sectors, including trade and investment, energy, agriculture and food safety, transport and ICT, tourism, education, health, environment, and consular affairs, according to a statement. The pact follows extensive discussions between the two sides during the sixth session of the Egypt-Azerbaijan Joint Committee.

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