Egypt Edition 
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AI + Innovation (MENA) 
Infrastructure 
ADIB Egypt to get USD 50 mn in shariah-compliant IFC funding
Funding to help the bank support SME growth in Egypt
Fawry plans to expand to Saudi Arabia + eyes digital banking license
Fawry is in talks with the Saudi central bank to acquire a license
Rate hikes fuel profit surge among big US banks
PLUS: Oil market shows signs of tightening as Brent price passes USD 80
Slowing US inflation is bringing the greenback back down to earth
And that could be good news for emerging markets
Private equity firms eye 25% stake in Al Ahly Momkn
Ahli Capital owns 75% of Al Ahly Momkn
Abou Ghaly ties up with NBE + Metito eyes desalination plants
The desalination plants would have a combined capacity of 200k cubic meters
New criteria for fintech, digital banking licenses
Digital banks now need a capital of at least EGP 2 bn
EBRD has more than USD 530 mn for Egypt, with banks getting the lion’s share
NBE, Banque Misr, and Mediterrania Capital Partners will receive financing from the European lender
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