{"id":578369,"date":"2022-12-26T04:08:16","date_gmt":"2022-12-26T04:08:16","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2022\/12\/26\/uaes-fintech-galaxy-acquires-underlie-o7-gears-up-for-a-gcc-expansion-in-2023\/"},"modified":"2022-12-26T04:08:16","modified_gmt":"2022-12-26T04:08:16","slug":"uaes-fintech-galaxy-acquires-underlie-o7-gears-up-for-a-gcc-expansion-in-2023","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2022\/12\/26\/uaes-fintech-galaxy-acquires-underlie-o7-gears-up-for-a-gcc-expansion-in-2023\/","title":{"rendered":"UAE\u2019s Fintech Galaxy acquires Underlie + O7 gears up for a GCC expansion in 2023"},"content":{"rendered":"<p><strong>STARTUPS-<\/strong><\/p>\n<p><strong>UAE-based open banking platform <\/strong><strong><a href=\"https:\/\/www.fintech-galaxy.com\/\">Fintech Galaxy<\/a><\/strong><strong> has acquired Egyptian API <\/strong><strong>provider <\/strong><strong><a href=\"https:\/\/underlie.tech\/\">Underlie<\/a><\/strong> for an undisclosed sum, according to a <a href=\"https:\/\/www.fintech-galaxy.com\/media-center\/news\/fintech-galaxy-acquires-egypts-underlie-as-it-expands-regional-open-finance-footprint\">press release<\/a>. The acquisition comes as part of the Emirati fintech\u2019s expansion plans, capitalizing on Underlie\u2019s local expertise to enter the Egyptian market, Fintech Galaxy Chairman Riyadh Al Zamil said in the statement. Underlie\u2019s employees and tech will be integrated into Fintech Galaxy\u2019s operations, Underlie founder Akram Abdouby told Enterprise.<\/p>\n<p><strong>DIPLOMACY-<\/strong><\/p>\n<p><strong>Inaugural <\/strong><strong>filling of Elsewedy + Arab Contractors\u2019 dam in Tanzania: <\/strong>Foreign Minister Sameh Shoukry and Housing Minister Assem El Gazzar attended the first filling of the Egyptian-built <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/a6de6ec6-017f-4bee-afeb-8e4bc07f06f9\">Julius Nyerere Dam<\/a> in Tanzania on Thursday, according to a Housing Ministry <a href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/pfbid02CQLTTDfFs2UR46kM42zcqYaZRj38ay9xZkBeTqPBTe5gt1bWBb3zJaGjcwgerGMjl\">statement<\/a>. The Egyptian delegation included representatives of Arab Contractors and Elsewedy Electric, who jointly built the dam under a <a href=\"https:\/\/www.elsewedyelectric.com\/en\/business-lines\/engineering-construction\/power-generation\/hydropower-energy\/\">USD 2.9 bn contract<\/a>, and a number of government officials. Also in attendance were Tanzanian President Samia Hassan and Tanzania Electric Supply Company (TANESCO), which owns and manages the project.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>STARTUPS- UAE-based open banking platform Fintech Galaxy has acquired Egyptian API provider Underlie for an undisclosed sum, according to a press release. The acquisition comes as part of the Emirati fintech\u2019s expansion plans, capitalizing on Underlie\u2019s local expertise to enter the Egyptian market, Fintech Galaxy Chairman Riyadh Al Zamil said in the statement. Underlie\u2019s employees [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":578370,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7209],"tags":[111,833,152,72,183,6480,301,219,123,90],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-578369","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-also-on-our-radar","tag-also-on-our-radar","tag-arab-contractors","tag-elsewedy-electric","tag-enterpriseam","tag-fintech","tag-menthum","tag-sameh-shoukry","tag-saudi-arabia","tag-startups","tag-uae","wpautop","entry"],"acf":{"mongo_id":"f18d569d-0edc-47e0-9a75-c1b11e2aaf94","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2022\/12\/525.jpg","photo_position":"above","related_issue":[578346],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>UAE\u2019s Fintech Galaxy acquires Underlie + O7 gears up for a GCC expansion in 2023 - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2022\/12\/26\/uaes-fintech-galaxy-acquires-underlie-o7-gears-up-for-a-gcc-expansion-in-2023\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"UAE\u2019s Fintech Galaxy acquires Underlie + O7 gears up for a GCC expansion in 2023\" \/>\n<meta property=\"og:description\" content=\"STARTUPS- UAE-based open banking platform Fintech Galaxy has acquired Egyptian API provider Underlie for an undisclosed sum, according to a press release. The acquisition comes as part of the Emirati fintech\u2019s expansion plans, capitalizing on Underlie\u2019s local expertise to enter the Egyptian market, Fintech Galaxy Chairman Riyadh Al Zamil said in the statement. Underlie\u2019s employees [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2022\/12\/26\/uaes-fintech-galaxy-acquires-underlie-o7-gears-up-for-a-gcc-expansion-in-2023\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2022-12-26T04:08:16+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2022\/12\/525.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/12\/26\/uaes-fintech-galaxy-acquires-underlie-o7-gears-up-for-a-gcc-expansion-in-2023\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/12\/26\/uaes-fintech-galaxy-acquires-underlie-o7-gears-up-for-a-gcc-expansion-in-2023\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"UAE\u2019s Fintech Galaxy acquires Underlie + O7 gears up for a GCC expansion in 2023\",\"datePublished\":\"2022-12-26T04:08:16+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/12\/26\/uaes-fintech-galaxy-acquires-underlie-o7-gears-up-for-a-gcc-expansion-in-2023\/\"},\"wordCount\":175,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/12\/26\/uaes-fintech-galaxy-acquires-underlie-o7-gears-up-for-a-gcc-expansion-in-2023\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2022\/12\/525.jpg?fit=%2C&ssl=1\",\"keywords\":[\"ALSO ON OUR RADAR\",\"Arab Contractors\",\"Elsewedy Electric\",\"EnterpriseAM\",\"Fintech\",\"Menthum\",\"Sameh Shoukry\",\"Saudi Arabia\",\"startups\",\"UAE\"],\"articleSection\":[\"Also on our Radar\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/12\/26\/uaes-fintech-galaxy-acquires-underlie-o7-gears-up-for-a-gcc-expansion-in-2023\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2022\/12\/26\/uaes-fintech-galaxy-acquires-underlie-o7-gears-up-for-a-gcc-expansion-in-2023\/\",\"name\":\"UAE\u2019s Fintech Galaxy acquires Underlie + O7 gears up for a GCC expansion in 2023 - 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The three countries have sought to deepen economic, trade and commercial ties in recent\u2026","rel":"","context":"In &quot;Diplomacy&quot;","block_context":{"text":"Diplomacy","link":"https:\/\/enterpriseam.com\/egypt\/category\/regulation\/diplomacy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":618318,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/04\/07\/misrayon-polyester-fiber-resumes-exports-plus-news-from-el-maco-and-moneyhash\/","url_meta":{"origin":578369,"position":1},"title":"Misrayon &#038; Polyester Fiber resumes exports. PLUS: News from El Maco and MoneyHash","author":"enterpriseam admin","date":"7 April 2024","format":false,"excerpt":"The company has shipped five containers of artificial silk to Turkey","rel":"","context":"In &quot;Also on our Radar&quot;","block_context":{"text":"Also on our Radar","link":"https:\/\/enterpriseam.com\/egypt\/category\/also-on-our-radar\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2024\/4\/683.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":588553,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/06\/13\/new-egyptair-flights-to-uk-india\/","url_meta":{"origin":578369,"position":2},"title":"New EgyptAir flights to UK, India","author":"enterpriseam admin","date":"13 June 2023","format":false,"excerpt":"The new flight routes will launch during the summer","rel":"","context":"In &quot;Also on our Radar&quot;","block_context":{"text":"Also on our Radar","link":"https:\/\/enterpriseam.com\/egypt\/category\/also-on-our-radar\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/6\/644.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":581446,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/02\/14\/usd-1-bn-for-expansion-at-cib-the-wind-down-of-cventures-and-pharma-goods-stuck-in-port\/","url_meta":{"origin":578369,"position":3},"title":"USD 1 bn for expansion at CIB, the wind-down of CVentures, and pharma goods stuck in port?","author":"enterpriseam admin","date":"14 February 2023","format":false,"excerpt":"BANKING- CIB could raise USD 1 bn for expansion: CIB is seeking regulatory approval to issue financial instruments worth up to USD 1 bn or the equivalent in EGP or other currencies to finance the bank\u2019s expansion, according to an EGXdisclosure(pdf). The bank provided no additional information about what it\u2026","rel":"","context":"In &quot;Also on our Radar&quot;","block_context":{"text":"Also on our Radar","link":"https:\/\/enterpriseam.com\/egypt\/category\/also-on-our-radar\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/9\/Customs-Bank-Authorizations-1600px.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":580382,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/12\/22\/this-evening-first-filling-begins-for-elsewedy-electric-arab-contractors-tanzania-dam-suez-canals-osama-rabie-addresses-questions-on-new-suez-canal-fund\/","url_meta":{"origin":578369,"position":4},"title":"THIS EVENING: First filling begins for Elsewedy Electric-Arab Contractors Tanzania dam + Suez Canal\u2019s Osama Rabie addresses questions on new Suez Canal fund","author":"enterpriseam admin","date":"22 December 2022","format":false,"excerpt":"Happy THURSDAY, wonderful people. It\u2019s been a mad rush of a week, but judging by the volume of out-of-office replies landing in our inboxes today, a number of you are taking some much-needed time off with which to end the year.*** We\u2019re following your lead and will be taking an\u2026","rel":"","context":"In &quot;WHAT WE\u2019RE TRACKING TONIGHT&quot;","block_context":{"text":"WHAT WE\u2019RE TRACKING TONIGHT","link":"https:\/\/enterpriseam.com\/egypt\/category\/what-were-tracking-tonight\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/12\/773.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":557011,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/09\/02\/kudos-egyptian-companies-recognized-in-fintech-banking-sectors\/","url_meta":{"origin":578369,"position":5},"title":"Kudos: Egyptian companies recognized in fintech, banking sectors","author":"enterpriseam admin","date":"2 September 2021","format":false,"excerpt":"Our friends at CIB and Elsewedy Electric topped the list of nominees at this year\u2019s Institutional Investor Best Practice awards. The two are nominated for the grand prix (ie: regional award) as leading corporations for investor relations in the Middle East, according to a statement(pdf).CIB CEO Hussein Abaza is once\u2026","rel":"","context":"In &quot;Kudos&quot;","block_context":{"text":"Kudos","link":"https:\/\/enterpriseam.com\/egypt\/category\/newsmakers\/kudos\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/578369","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=578369"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/578369\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/578346"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/578370"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=578369"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=578369"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=578369"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=578369"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=578369"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}