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5 of Egypt’s biggest FinTech players make it on Forbes ME’s Top FinTech Companies 2022

Five of Egypt’s biggest FinTech players were ranked among top regional companies in this years’ top 25 FinTech companies 2022 by Forbes Middle East

Egypt and KSA sign $7.7B worth of agreements in various sectors

Egypt and Saudi Arabia’s trade exchange was recorded at around $14.4 billion in 2021

Abu Dhabi Developmental Holding Company buys major stakes in 5 Egyptian companies

The disclosure comes only a few days after the ADQ announced its intention to invest up to $2 billion in the Egyptian market by purchasing state-owned stakes in a number of companie

Fawry considers US listing and raising EGP 800M for expansion

In a filling to the Egyptian Exchange (EGX), Fawry stated that the proceeds will be used to fund the expansions of its financial services for both consumers and merchants

Fawry to establish new consumer finance company in 2022

The company, wholly owned by Fawry and its subsidiaries, has already obtained the necessary license from the Financial Regulatory Authority