US Dollar Nears EGP 50
Dollar At the start of trading on the morning of Tuesday, March 3, 2026, the US dollar approached the 50...
Money
Markets
5 Investment Banks Commit to Launch Funds to Back Egypt’s Industrial Sector
Investment Banks Five investment banks, EFG Hermes, Beltone Holding, Cairo Capital, CI Capital and Al Ahly Pharos, committed to establishing...
Money
Mubasher Capital Targets USD 101M for Funds & Launches Dollar Fund
Mubasher Capital Mubasher Capital, investment services provider, aims to attract up to USD 101 million in investments into its funds...
Startups
UAE’s Ledgers Raises USD 250K to Build AI Operating System for Startups
Ledgers UAE-based Ledgers raised USD 250 thousand in an angel funding round to advance its AI-driven operating system for founder-led...
Money
OpenAI Secures USD 110B as AI Infrastructure Race Intensifies
OpenAI OpenAI closed a USD 110 billion funding round at a pre-money valuation of USD 730 billion, marking one of...
Startups
UAE’s Skipr Raises USD 2M to Scale Sovereign AI Infrastructure
Skipr UAE-based Skipr raised USD 2 million in a seed funding round at a USD 10 million valuation. Founded in...
Markets
FRA Approves Licenses for CI Capital, Mubasher Trade & EFG Hermes
FRA Egypt’s Financial Regulatory Authority (FRA) granted approval of the licensing of three companies to engage in brokerage activity in...
Markets
Why the War on Iran Matters for Oil, Inflation, and Markets
Geopolitical Tensions Oil is once again the pressure point in geopolitics. As the attacks on Iran continue and the conflict...
Markets
Egypt Pilots App to Book Appointments for Overseas Work Contract Notarization
Work Contract Egypt’s Ministry of Labour launched a pilot electronic application to manage appointment bookings for notarizing overseas employment contracts...
Startups
UAE’s Paquik Raises USD 85K to Scale Crowdshipping Platform
Paquik UAE-based Paquik has secured USD 85,000 in a fully subscribed pre-seed round from angel investors, closing the raise in...