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Tuesday, 8 February 2022

Egypt in the News: MNT-Halan’s expansion plans + tourism, culture and heritage

MNT-Halan gets more international ink: The Financial Times carries an interview with MNT-Halan co-founder and CEO Mounir Nakhla, where he shares the fintech outfit’s origin story and expansion plans. Nakhla also went into some more detail on the company’s plans to launch supply chain financing, saying it could introduce a new product that would “disrupt” Egypt’s famous koushk (kiosk) industry by allowing the 50k merchants it has in its client base to order stock through its app, “cutting out the middleman.”

Tourism, antiquities and cultural heritage are also getting plenty of mentions this morning: The BBC looks at how the 3k-year-old city of Aten near Luxor — known as Egypt’s Pompeii or “golden city” — promises to uncover more about life under Amenhotep III, while archeologists tell Newsweek that over 18k inscribed ceramic pieces unearthed in the Nile Delta include samples of lines written by school pupils as a “Bart Simpson-like punishment.” Female-led Egyptian ensemble Mazaher is keeping the traditional art form of Zar music alive, Reuters reports. Meanwhile, the latest Hollywood release is generating coverage for luxury Nile cruises — some of which are “just as lavish as anything in Kenneth Branagh’s Agatha Christie adaptation Death on the Nile,” according to Time Out.

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