Egypt is introducing an innovative financing mechanism, developed with the World Bank, to attract private investment for major infrastructure and renewable energy projects. This new approach aims to ease the burden on the state budget and significantly boost public-private partnerships, drawing on successful models from other countries.
Egypt's inter-city logistics market is undergoing a significant transformation in how 'Line Haul' services are priced. Entrepreneur Ahmed Ameer explains that the industry is moving away from older methods like per-invoice or per-bag pricing towards a more modern 'per-shipment' model. This exciting shift makes logistics services much easier to measure and scale, ultimately boosting operational efficiency and helping businesses manage their costs more effectively.
Saudi Arabia's telecom scene is buzzing with a potential major deal! TAWAL, fully owned by the Public Investment Fund, is reportedly in talks to acquire over 10,000 telecom tower sites from Mobily. This significant acquisition would dramatically increase TAWAL's assets and solidify its role as the Kingdom's leading independent tower operator, driving forward Saudi Arabia's digital infrastructure expansion.
Bank NXT and EFG Hermes have teamed up to launch Egypt's first co-branded credit card. This innovative card, designed specifically for EFG Hermes ONE clients, uniquely brings together banking and securities brokerage services, offering a seamless financial experience that connects everyday spending with investment growth.
The 'She Blooms' program is a fantastic new initiative designed to help women professionals at e& Egypt build strong leadership skills and boost their career resilience. It creates a supportive space for mentorship, sharing experiences, and open discussions.
Even with global challenges like rising costs and supply chain issues, Gulf markets are proving incredibly resilient. They're adapting well to changes, showing their strength in a tough environment.
Infinity, a company focused on AI infrastructure, has successfully closed a $15 million seed funding round, reaching a $100 million valuation. The company is developing innovative software to enable AI models to run across various chip types, aiming to reduce reliance on dominant closed platforms and offer greater flexibility to chip manufacturers.
Get ready for a big step forward in Egypt's logistics! Four leading companies – Daman, Transporter, Sinbad, and Asphalt – are joining forces. This isn't just a simple partnership; they're building a complete ecosystem to seamlessly connect e-commerce, digital payments, logistics, and transportation, making things much smoother for businesses and customers alike.
Saudi FinTech company SILQ has secured $20 million in funding from Gemcorp Capital. This investment will help SILQ expand its embedded financial services, especially invoice and trade financing, through its Fina platform, supporting small and medium-sized businesses across Saudi Arabia.
