Three Egyptian state-run banks setting up $85mln fintech fund for innovation

Egypt’s three biggest state-owned banks are setting up an $85 million financial technology fund that aims to accelerate innovation in the sector, Reuters reports citing venture capital firm Global Ventures, a partner in the fund. Global Ventures, which focuses on Read more

Egypt-China: President Xi’s multibillion dollar visit to Egypt

President Xi Jinping of China announced on Thursday multibillion dollar investment plans in the Middle East. Addressing the Arab League in Cairo, President Xi unveiled a multimillion dollar investment plan in the Middle East, including special loans worth $15billion to Read more