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FRA issues non-banking financial service e-payment regs
REGULATION WATCH- FRA issues e-payment regulations for non-banking financial services: The Financial Regulatory Authority (FRA) has issued new regulations to…
Pharaoh Khufu’s ship features as Google Doodle
The 4,600-year-old ship buried in the Great Pyramid of Giza with the pharaoh Khufu was celebrated in a Google Doodleyesterday…
The Central Bank of Egypt wants to incentivize banks’ investments in equity for SMEs
Bank investments in SME-focused equity funds now count toward minimum small business loan requirement: The Central Bank of Egypt (CBE)…
Investment diversification may not come naturally to entrepreneurs
Entrepreneurs do a bad job at diversifying their investment portfolios: The same qualities that helped successful entrepreneurs build their businesses…
Yumamia raises USD 1.5 mn in a pre-series A round from Saudi investor
STARTUP WATCH- Cairo-based “foodtech” startup Yumamia has raised USD 1.5 mn in a pre-series A round from Saudi boutique consulting…
What we’re tracking on 23 May 2019
It’s interest rate day and the consensus among 12 economists we polled is that the central bank will leave rates…
AOI signs MoU with China’s Shanghai Wanxiang to produce electric buses in Egypt
The Arab Organization for Industrialization (AOI) has signed an MoU with Chinese electric bus manufacturer Shanghai Wanxiang Automotive Co to…
Startups are fuelling a ‘dark kitchen’ industry
Startups are fueling a ‘dark kitchen’ industry: Venture capitalists and startups are putting significant money and time into establishing so-called…
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