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AI + Innovation (MENA) 
Infrastructure 
Fintech players see new licensing requirements as “big step forward”
We talk to fintech players to see what they make of the new rules
THIS EVENING: Private equity firms have their eyes on Al Ahly Momkn
Happy THURSDAY, friends. We hope you all end this week with plans to unwind — and that your weekly trek…
New criteria for fintech, digital banking licenses
Digital banks now need a capital of at least EGP 2 bn
ESG reporting isn’t a walk in the park (part 1 of 2)
ESG is picking up but remains a challenge for Egyptian businesses
Foreigners can get 50% more alcohol at duty-free stores
Buyers will face higher fees on the third liter
Introducing cabinet’s privatization A-team
The unit will work directly with the IFC on state asset sales
Private-sector minimum wage to rise 11% in July
The move puts the private-sector minimum wage up 25% in the last six months
FRA hikes capital requirements for non-bank lenders by 50%
New firms have three months from when they get their license to comply
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