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AI + Innovation (MENA) 
Infrastructure 
Suez Canal extension trial run opens the door for up to eight additional vessels per day. PLUS: Aman + Jarir Bookstore + Al Manea, Eni, Telecom Egypt
The extension increases the length of the canal’s two-way section to 82 km — up from 72 km
Beltone eyes majority stake in African financial services provider Boabab through put option agreement
The acquisition is set to drive Beltone’s regional growth strategy through expansions in Africa
Klivvr to launch consumer finance arm
This comes after the fintech player received the green light from the FRA
Banks will be closed on Wednesday to mark the end of their fiscal year
Good morning, friends. We close out 2024 with another packed issue busy with the latest on our automotive localization push,…
Flend secures Egypt’s first digital NBFI license for SME finance
Flend offers tech enabled, data driven financing solutions to SMEs in Egypt
Central Bank of Egypt keeps rates unchanged for sixth time in a row
The decision “remains appropriate to maintain a tight monetary stance until a significant and sustained decline in inflation is achieved”
Private equity returns remain subdued in 2024 as transaction drought drags on
PE funds have collectively underdelivered on USD 400 bn in payments to investors over the past three years
Madinet Masr secures EGP 9 bn syndicated loan
Madinet Masr will use the EGP 9 bn mid-term revolving facility to fund its mix-use project developments.
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