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Transport Ministry backs Canal Shipping Agencies-Trust Trading JV for Egypt-East Africa shipping

Canal Shipping Agencies Co. and Trust Company for Trading and Supply to establish a joint venture for managing and operating specialized commercial vessels on a shipping route linking Egyptian ports with ports in East African countries.

Updated 2/26/2026 12:29:00 PM
Intella secures $12.5M funding round to scale operations in MENA

Intella, the market leader in dialectal Arabic speech intelligence, has closed a $12.5 million oversubscribed Series A round led by Prosus, bringing its total funding to $16.9 million, according to a press release.

Updated 9/2/2025 11:35:00 AM
FRA approves establishment of Egypt's 1st SPAC venture capital firm

The Financial Regulatory Authority (FRA) has approved the establishment of Catalyst Partners Middle East (CPME), Egypt’s first special purpose acquisition (SPAC) venture capital company, with an initial capital of EGP 10 million, according to a statement from the FRA.

Updated 9/25/2024 12:27:00 PM