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Editors pick

Egypt business conditions contracts further in July. Here’s why

Arabiya Capital Staff -
Business conditions in Egypt contracted further in July, albeit at a slower pace than the previous month’s two-year low, due to a decrease in...
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Furniture marketplace startup Homzmart raises $23 million to support regional expansion

Arabiya Capital Staff -
Egyptian furniture and e-commerce marketplace Homzmart said Monday that it raised $23 million in a Pre-Series B funding round to support the startup’s regional...
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Egypt needs progress on fiscal and structural reform, says IMF

Arabiya Capital Staff -
The International Monetary Fund (IMF) said Tuesday that Egyptian authorities need to make “decisive progress” on fiscal and structural reform as well as foster...
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Allianz to reportedly hold 40% stake in $2 billion joint venture with Sanlam

Arabiya Capital Staff -
Allianz, Germany’s multinational financial services provider, will reportedly hold a 40% stake in its $2 billion joint venture with South Africa’s Sanlam Group. Allianz and...
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Cartona raises $12 million in series A funding round for further expansion

Arabiya Capital Staff -
Egyptian B2B e-commerce startup said Monday that it raised $12 million in a Series A funding round led by Jordan and US-based firm Silicon...
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Egypt’s cabinet approves listing of army companies Wataniya and Safi

Arabiya Capital Staff -
Egypt’s cabinet approved the pre-listing procedures for military companies, petrol stations operator Wataniya Petroleum and water company National Company for Producing and Bottling Water...
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Sudan-based fintech startup Bloom raises $6.5 million from Y Combinator and Visa

Arabiya Capital Staff -
Sudanese fintech firm Bloom has reportedly raised $6.5 million in a seed funding round led by payments giants Visa, Y Combinator, US-based VCs Global...
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KPMG: Saudi Arabian insurance firms pursued digitalization and expected to close year-end with higher top-line

Nap Estampador -
Insurance companies in Saudi Arabia continued their top-line growth momentum at the end of Q3 2021, with a matching trend foreseen for year-end, KPMG...
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Can digital wealth management contribute to Saudi Arabia Vision 2030 and beyond?

Arabiya Capital Staff -
Saudi Arabia has set an ambitious target of broad economic reform and diversification by 2030. The kingdom is strengthening its stock market and bringing efficiencies to...
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Easycash: an interoperable ePayment suite powered by Wallet Factory launched in Egypt

Nap Estampador -
EasyCash, a revolutionary digital wallet solution for effortless online payments, has been recently soft-launched for iOS and Android users in Egypt. EasyCash has become the...
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