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valU secures Central Bank of Jordan final approval ahead of market entry

Egypt-based financial technology company valU has received final approval from the Central Bank of Jordan to launch its services in Jordan under a Specialized Finance license, enabling the company to begin offering consumer financing products in the market.

Updated 1/5/2026 9:25:00 AM
Elsewedy Electric unveils expansion plans in Saudi Arabia, Qatar

Elsewedy Electric intends to establish new factories in Saudi Arabia across the energy and infrastructure sectors, with investments exceeding SAR 1.5 billion.

Updated 12/16/2025 10:33:00 AM
Edita expects EGP 20.5B in sales for 2025

Edita Food Industries said it expects generating total sales of about EGP 20.5 billion in 2025, supported by the company’s operational performance and its multi-year growth strategy.

Updated 12/11/2025 10:29:00 AM
Suez Canal Bank unveils new brand identity to support expansion plans

Suez Canal Bank has announced a rebranding that introduces a visual identity built around three intersecting waves, marking what the bank described as a new phase of expansion and development.

Updated 12/11/2025 5:24:00 AM
Byit Capital raises $1.1M to accelerate GCC expansion

Byit Capital, a high-growth PropTech platform headquartered in the UAE, has secured $1.1 million in strategic investment from A15, Beltone Holding, and a group of angel investors.

Updated 12/8/2025 1:02:00 PM
valU secures Central Bank of Jordan’s initial approval to launch BNPL services

valU has received initial approval from the Central Bank of Jordan to launch its buy now, pay later (BNPL) services in the country, marking a step forward in its regional expansion.

Updated 7/10/2025 2:53:00 AM
PARAGON Developments opens its 1st regional office in Saudi Arabia

PARAGON Developments has opened its first regional office in Riyadh, Saudi Arabia.

Updated 6/25/2025 8:28:00 AM
Worldwide Amazon Stores explores expansion opportunities in Egypt's market

Prime Minister Mostafa Madbouly meets with Doug Herrington, CEO of Worldwide Amazon Stores, to discuss the firm’s expansion in Egypt and ways to boost cooperation in digital commerce.

Updated 4/10/2025 1:11:00 AM
E-commerce logistics services platform SIDEUP expands to Oman

SIDEUP, an e-commerce logistics services platform, has announced its entry into the Omani market, marking a significant step in its Middle East expansion strategy.

Updated 1/23/2025 8:03:00 AM
MDP expands into Libya with North African Bank migration

Masria Digital Payments (MDP), Africa's largest payment provider, has completed the migration of North African Bank’s card processing systems, marking its entry into the Libyan market.

Updated 1/22/2025 11:50:00 AM
Paymob, Homzmart expand partnership to support digital transformation in furniture retail sector

Paymob, a financial services enabler in the MENA region, and Homzmart, Egypt's e-commerce platform for furniture, have signed a memorandum of understanding (MoU) to expand their strategic partnership.

Updated 11/28/2024 9:45:00 AM
DHL Express Egypt plans for EGP 500M in investment in 2025

DHL Express Egypt is seeking to invest between EGP 400 million and EGP 500 million in 2025 as part of its expansion strategy.

Updated 11/26/2024 7:57:00 AM
Giza Spinning and Weaving to invest $15M in expansion with 5 new factories

Giza Spinning and Weaving is planning to establish five new factories over the next five years, with an investment of $15 million.

Updated 11/26/2024 7:53:00 AM
Bonyan for Development to raise capital to EGP 1.6B for expansion projects

Bonyan for Development and Trade, a subsidiary of Compass Capital, is planning to raise its capital by EGP 416 million to EGP 1.6 billion for new expansions.

Updated 11/5/2024 11:21:00 AM
El-Khatib reviews Sumitomo’s projects in Egypt

The Minister of Investment and Foreign Trade Hassan El-Khatib has met with a delegation from Sumitomo Electric-Egypt to review its investment projects in Egypt.

Updated 10/30/2024 8:35:00 AM
El-Khatib reviews P&G Egypt’s ongoing projects, expansion plans

The Minister of Investment and Foreign Trade Hassan El-Khatib has met with a delegation from Procter & Gamble Egypt (P&G Egypt) to review the firm’s ongoing projects in Egypt.

Updated 10/29/2024 1:19:00 AM
Minister of Investment meets with Mercedes-Benz Egypt to discuss expansion plans

Egypt's Minister of Investment and Foreign Trade Hassan El Khatib held a comprehensive meeting with a delegation from Mercedes-Benz Egypt, led by CEO Stephanie Voltz, to discuss the company's ongoing projects and future expansion plans within the Egyptian market.

Updated 10/24/2024 7:42:00 AM
Helios Investment eyes stakes in 3 Egyptian companies

Helios Investment Partners, a leading private equity firm focused on the African market, is considering acquiring stakes in three Egyptian companies as part of its ongoing expansion strategy.

Updated 10/23/2024 9:08:00 AM
Raya Information Technology secures EGP 1.2B in credit facilities from Suez Canal Bank

Raya Information Technology, a subsidiary of Raya Holding for Financial Investments, has signed a cooperation protocol with Suez Canal Bank to receive credit facilities totaling EGP 1.2 billion

Updated 10/10/2024 10:45:00 AM
PaySky seeks to expand in Saudi market in Q1 2025

The payment solutions provider PaySky is planning to expand in the Saudi market within the first quarter (Q1) of 2025 via its Yalla app.

Updated 10/9/2024 10:07:00 AM