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Foreign reserves increase to USD 49 bn in July
PLUS- McDonald's is planning to invest EGP 1 bn in the local market by the end of 2026
Gov’t to limit Chinese EV imports to official agents
The move is part of a broader push to regulate the EV market and support local manufacturing
Meet our founder of the week: Erada Microfinance’s Amr Aboelazm
Erada aims to provide innovative financial services to low and middle income groups and productive activities through utilization of fintech…
Apple to work on new AI feature, Google takes a jab
Rivalry is brewing as Google takes a jab at Apple’s now infamous delays in a new advertisement for its upcoming…
Wuilt raises USD 2 mn in funding to take e-commerce model regional
PLUS- Suplyd closed a USD 2 mn a pre-Series A round and Nowlun looks to enter Morocco
Gov’t readies fresh incentives to drive local assembly of commercial vehicles
The government plans to spend EGP 9.2 bn on incentives to localize the auto industry this fiscal year
Interior Ministry arrests prominent TikTok influencers, citing “immoral” content
Interior Ministry cracks down on “immoral” TikTok content: The Interior Ministry’s campaign against TikTok content creators over videos deemed socially…
The rise of the TikTok detectives
TikTok storytimes are taking a turn into true-crime style surveillance
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