The funding will support Raff’s GCC expansion, product development and AI capabilities as it helps online-born brands enter physical retail.

The agreement will give Egyptian startups access to financing, technical assistance, training and institutional support.

Founded in 2023 and incubated at Qatar Science & Technology Park, the platform extends its regional push to Egypt with integrated ordering, reservations, POS and operations tools for restaurants.

Led by Japan's SBI Group, the funding round takes the stablecoin neobanking platform into unicorn territory.

Businesses with annual revenue of up to Dh 3 million can continue to elect for zero taxable income through the end of 2029.

The sector is expected to grow from USD 8.7 billion in 2024, with a projected compound annual growth rate of 12%.

S&P Dow Jones Indices has decided against a proposed downgrade of Egypt to Frontier Market status.

Riders in selected parts of Jumeirah and Umm Suqeim can now book Baidu’s fully driverless Apollo Go robotaxis through Uber.

The Saudi Aramco-backed investor joined Bessemer and Tribeca in funding an AI startup building digital replicas of employees.

The Central Bank of Egypt has granted preliminary approval for CIB-backed yomo, moving the digital bank into its next stage of preparation.

The agreement is expected to support around 2,500 microenterprises across Egypt, with financing of up to roughly $5,800 per project.

The Bahrain-based investment firm will back 20Cube’s expansion across India’s contract logistics sector alongside its founders.