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Logistics (MENA) 
Fawry’s bottom line nearly quadruples in 1H 2023; Ibnsina reports rise in earnings
Fawry’s banking services segment drove revenue growth, sales at Ibnsina were up on price hikes
Kharafi National borrows EGP 1.65 bn to expand in the local market
ADI Capital was the financial advisor on the loan
Beltone Financial gets the regulator’s go-ahead for DD on Cash
Beltone is now cleared to begin due diligence
Thndr to debut in Saudi Arabia next year, says CEO. PLUS: News from aiBank, an export subsidy boost, and another wheat tender
The company is looking into acquiring a license in Abu Dhabi
Mienta to invest USD 5 mn in new factory in SCZone. PLUS: News from the National Dialogue, Dragon Oil, Heliopolis Housing + BanknBox
The factory will produce small home appliances and start operating in 2024
Beltone reportedly wants to acquire microlender Cash
Beltone this week announced plans to acquire an undisclosed microfinance player
ADIB Egypt receives license to set up microlender. PLUS: OPay wants a digital banking license, tenders for infrastructure and industrial projects
The lender wants to open 200 branches across the country
MNT-Halan subsidiary Tasaheel + Talaat Moustafa Group close securitizations
Tasaheel’s issuance is part of a wider EGP 13 bn securitization program
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