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AI + Innovation (MENA) 
Infrastructure 
Masria Digital Payments ups payment card production with new production lines. PLUS: Al Ahly CIRA, Inversion, Shalateen Mineral Resources
The new production lines will increase MDP’s annual production capacity by 20% to 36 mn payment cards
SFE acquires a 20% stake in Care Pharmacies. PLUS: City Lab offloads 13.8% of the company on the EGX
The SFE will take control of 45 branches of the company out of 220 in total, under the agreement
International Holding Company subsidiary Palm Sport to operate Al Ahly’s El Qalaa El Hamraa. PLUS: EGP 5 bn aluminum factory, trade talks with Russia, startups news galore
The EGP 12 bn sports city complex in Sheikh Zayed will house Al Ahly’s new 44-k seat home stadium
Venture debt funding for local startups drop 86% in 2023
The country witnessed two venture debt transactions during the year
Egypt was among Saudi Arabia’s top investors last quarter
Egypt along with the UAE and Singapore each closed three agreements in the Kingdom
SFE to start offering former ministerial HQs to investors in 2H 2024
A number of local and foreign investors have already submitted offers
Al Ahly’s new home to anchor world-class sports city in Sheikh Zayed
The new city, feature a stadium, museum, school, university, and more, is a more than USD 250 mn vote of…
Madbouly holds a virtual meeting with investors from across the globe
While the meeting saw investors of various nationalities, Gulf investors dominated the meeting
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