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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
The Egyptian President Abdelfattah Al Sisi has authorized the ministry of Finance to provide a financial support worth about $3118 million for the national carrier, EgyptAir, to be used by the airline to fulfil external and internal financial obligations, Arab Read more
Faragalla Group, an Egyptian private Food and Beverages giant, will set up by the end this year two plants in Sudan and Rwanda as part of the company’s expansion plan. Mohamed Farag Amer, chairman of the group told, Arab Finance Read more
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