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News

Blog 2 months ago
How AI Credit Scoring Is Opening Egypt's Financial System to First-Time Borrowers
Presented by MNT-Halan For decades, access to finance in Egypt depended on one thing. Did a person already have a banking relationship and a paper trail to prove it. That standard shut out many people who could repay a loan responsibly but had never built
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Blog 2 months ago
Kuwait Investment Authority Secures USD 4.25B Loan to Strengthen Financing Capacity
The sovereign wealth fund has secured one of the region's largest syndicated loans this year. This marks a rare financing deal as lending activity slows across the Middle East. According to Bloomberg, the Kuwait Investment Authority (KIA) secured a USD 4.
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Press release 2 months ago
Moove Raises USD 250M Led by Mubadala to Expand Autonomous Mobility Infrastructure
Moove raised USD 250M in a Series C round led by Mubadala to accelerate the rollout of infrastructure supporting autonomous vehicle fleets.
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Blog 2 months ago
Egypt Launches Digital Bill Payment Service for Citizens Abroad via Sahl App
Egypt is expanding its digital government services to make it easier for citizens living abroad to pay bills and access essential services from anywhere in the world. Why You Should Care If you are an Egyptian living abroad, the new service will allow you
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Press release 2 months ago
Aramco Backs India's Mitti Labs in USD 9.5M Round to Scale AI-Powered Climate Tech Across Asia
India's Mitti Labs raised USD 9.5M led by Aramco Ventures to scale AI-powered solutions for more water-resilient rice farming across Asia.
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Blog 2 months ago
Truth Social's Paid Access to Trump's Posts Fuels Ethics Debate
Trump Media launched a premium subscription service that gives institutional users faster access to market-moving posts on Truth Social. This is prompting debate over market fairness, ethics, and regulatory oversight. When markets react to presidential st
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Blog 2 months ago
Anthropic Inks USD 10B AI Cloud Deal with Volta
Bloomberg identified Anthropic, the AI giant, as the customer behind the six-year cloud computing agreement. Meanwhile, AI infrastructure startup Volta also launched a USD 5 billion financing program to expand AI computing capacity. AI infrastructure star
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Press release 2 months ago
EA Goes Private as PIF-Led Consortium Closes Landmark Acquisition
Electronic Arts (EA) has officially gone private after completing its acquisition by a consortium led by Saudi's Public Investment Fund (PIF).
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Blog 2 months ago
Egypt Exempts Capital Gains on Listed Securities from Income Tax
Egypt is introducing new tax measures designed to strengthen its capital market by changing how listed securities are taxed and encouraging more companies to go public. Why You Should Care Egypt is revising its tax framework for capital markets in an effo
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Blog 2 months ago
EGX Explores New Financial Products to Expand Market Participation
The Egyptian Exchange (EGX) is evaluating new financial products and seeking to attract more companies to the public market. This comes as it works towards broadening the range of investment instruments in Egypt. Why You Should Care The Egyptian Exchange
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