• Thursday, 11 March 2021

    Fintech startup Dayra raises USD 3 mn in pre-seed funding round

    Egyptian fintech startup Dayra has closed a USD 3 mn pre-seed funding round that includes both equity and debt financing, according to a company press release (pdf). EFG EV Fintech, EFG Hermes, Tanmiya Capital Ventures and a number of angel...
  • Tuesday, 2 March 2021

    Around the world on 2 March 2021

    The UAE’s first ambassador to Israel arrived in Tel Aviv for a three-day visit Monday, heralding a new step in the normalization of relations between the two countries formalized by the signing of the Abraham Accords last year, Reuters reports....
  • Sunday, 28 February 2021

    Zeta Investment bids for 90% stake in ANFI

    It’s official: Zeta has eyes for ANFI: The UAE branch of Hong Kong’s Zeta Investment has submitted an offer to acquire 90% of brokerage house Alexandria National Company for Financial Investments’ (ANFI) shares at EGP 5.48 per share, the Financial...
  • Wednesday, 24 February 2021

    Breaking bread with Doha again

    Delegations from Egypt and Qatar met in Kuwait yesterday for the first time since the end of a 3.5-year diplomatic rift, according to a Foreign Ministry statement. The two sides talked bilateral cooperation and advancing the relationship between the “brotherly”...
  • Wednesday, 24 February 2021

    Breaking bread with Doha again

    Delegations from Egypt and Qatar met in Kuwait yesterday for the first time since the end of a 3.5-year diplomatic rift, according to a Foreign Ministry statement. The two sides talked bilateral cooperation and advancing the relationship between the “brotherly”...
  • Monday, 22 February 2021

    MENA startups break records in 2020 with 256 active investors

    A record number of venture capital investors provided finance to MENA-based startups last year, despite the disruption caused by the covid-19 pandemic, according to Magnitt’s 2021 MENA Investor Ranking Report (pdf). Last year saw 256 active investors provide capital to...
  • Monday, 15 February 2021

    UAE property developers have eyes set on Egypt

    UAE property developer Aldar Properties is looking to make Egypt a focal point of its expansion, allocating capital for acquisitions here, CFO Greg Fewer said on a media call today picked up by Reuters. “I think the changes that we...
  • Sunday, 14 February 2021

    Also on our radar on 14 February 2021

    Qatar Airways Cargo to resume Egypt, Saudi Arabia and the UAE operations with the appointment of new general sales agents, taking cargo sales and bookings starting Sunday, 21 February. Venus Air Cargo got the nod for Egypt. Egypt, the UAE...
  • Wednesday, 10 February 2021

    What the markets are doing on 10 February 2021

    Cookie jar, meet hand: Saudi Arabia’s central bank is about to undergo its biggest changes in decades in what may result in more of the country’s hard currency reserves going to the country’s sovereign wealth fund, where they can be...

Enterprise is a daily publication of Enterprise Ventures LLC, an Egyptian limited liability company (commercial register 83594), and a subsidiary of Inktank Communications. Summaries are intended for guidance only and are provided on an as-is basis; kindly refer to the source article in its original language prior to undertaking any action. Neither Enterprise Ventures nor its staff assume any responsibility or liability for the accuracy of the information contained in this publication, whether in the form of summaries or analysis. © 2022 Enterprise Ventures LLC.

Enterprise is available without charge thanks to the generous support of HSBC Egypt (tax ID: 204-901-715), the leading corporate and retail lender in Egypt; EFG Hermes (tax ID: 200-178-385), the leading financial services corporation in frontier emerging markets; SODIC (tax ID: 212-168-002), a leading Egyptian real estate developer; SomaBay (tax ID: 204-903-300), our Red Sea holiday partner; Infinity (tax ID: 474-939-359), the ultimate way to power cities, industries, and homes directly from nature right here in Egypt; CIRA (tax ID: 200-069-608), the leading providers of K-12 and higher level education in Egypt; Orascom Construction (tax ID: 229-988-806), the leading construction and engineering company building infrastructure in Egypt and abroad; Moharram & Partners (tax ID: 616-112-459), the leading public policy and government affairs partner; Palm Hills Developments (tax ID: 432-737-014), a leading developer of commercial and residential properties; Mashreq (tax ID: 204-898-862), the MENA region’s leading homegrown personal and digital bank; Industrial Development Group (IDG) (tax ID:266-965-253), the leading builder of industrial parks in Egypt; Hassan Allam Properties (tax ID:  553-096-567), one of Egypt’s most prominent and leading builders; and Saleh, Barsoum & Abdel Aziz (tax ID: 220-002-827), the leading audit, tax and accounting firm in Egypt.