FME Staff

Egyptian Fintech Fawry Secures $10.8 Million MSMEDA Financing To Expand SME And Microenterprise Lending

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Egyptian digital financial services provider Fawry has secured a $10.8 million (EGP 550 million) financing facility for its subsidiary, Fawry MSME Finance, from Egypt’s Micro, Small, and Medium Enterprise Development Agency (MSMEDA). The deal expands access to credit for micro, small, and medium-sized enterprises, supporting Egypt’s push toward greater financial inclusion. Founded in 2008, Fawry

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The First Group And Pulse Developments Launch $670 Million Hospitality Push In Sharm El Sheikh, Egypt

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British developer The First Group has partnered with Egypt’s Pulse Developments on a $670 million-plus hospitality venture, delivering more than 3,200 hotel units across three projects in Sharm El Sheikh, one of the largest recent hospitality investments in Egypt’s tourism sector. The partners plan to build an integrated platform to develop, operate, and market hotel

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Saudi Startup FLOATY Studio Secures $1 Million From Merak Capital To Expand Mobile Games Worldwide

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Saudi mobile game developer FLOATY Studio has raised $1 million through the Merak Gaming Fund (MGF), backed by Merak Capital, underscoring investor confidence in the Kingdom’s growing gaming sector. The round signals rising momentum for Saudi studios building original intellectual property aimed at international markets rather than staying confined to domestic audiences. Founded in 2023,

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Reme-D, Egyptian Molecular Diagnostics Startup, Raises $1.45M Pre-Series A To Scale Africa Operations

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Egyptian healthtech startup Reme-D has raised $1.45 million in a Pre-Series A round led by Anara Impact Capital, with Global Innovation Fund and Africa Health Ventures also participating. The Cairo-based molecular diagnostics company develops affordable, temperature-resilient tests for tuberculosis, HIV, hepatitis, and HPV, targeting healthcare gaps across Africa and other underserved markets. Since launching in

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Yum! Brands Sells Pizza Hut for $2.7 Billion in Landmark Strategic Shift

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Yum! Brands is set to part ways with Pizza Hut in a transaction valued at $2.7 billion, bringing an end to nearly three decades of ownership of one of the world’s most recognized restaurant brands. The deal follows a strategic review launched in late 2025 and reflects a growing trend among major corporations to streamline

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Syrian Healthtech Startup Moadna Raises $50,000 in Early-Stage Funding

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Syrian healthtech startup Moadna has secured $50,000 in early-stage funding from angel investors, reaching a valuation of $300,000 and strengthening its position within the country’s growing digital healthcare sector. Founded by Tarek Skheta and Maged Hamdeh, the company has developed a technology platform designed to simplify healthcare administration for clinics, medical centers, and independent practitioners.

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Rentify Raises USD 2M Seed Round to Launch GCC-Native AI Rental Platform

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UAE proptech expands beyond payments with Earn AI, automating rental revenue management across thousands of units Dubai-based fintech and proptech startup Rentify has secured USD 2 million in seed funding from a syndicate of real estate and fintech investors, bringing its total funding to USD 2.5 million following a USD 500,000 pre-seed round in 2025.

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Egypt Launches Entrepreneurship Program Offering Up to USD 4,000 for 2,000 Young Innovators

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Funding and Support for Aspiring Entrepreneurs Egypt’s Ministry of Youth and Sports has launched the second phase of its national entrepreneurship initiative, opening new opportunities for young innovators and startup founders across the country. The program aims to support more than 2,000 young men and women from governorates nationwide through a combination of funding, incubation,

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RABIH IBRAHIM DRIVING INNOVATION, LEADERSHIP, AND SUSTAINABLE GROWTH ACROSS INDUSTRIES TODAY

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With more than two decades of experience spanning real estate, construction, smart energy, government relations, and strategic business development, Rabih Ibrahim has established himself as a respected leader whose influence extends across multiple sectors. His career reflects a unique ability to combine entrepreneurial vision with operational excellence, creating long-term value while navigatingcomplex and evolving business

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Mubadala Strengthens European Energy Links Through Strategic Green Infrastructure Investment Initiative

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Abu Dhabi-based investment powerhouse Mubadala has expanded its international infrastructure footprint through a significant investment in a major electricity transmission project connecting key European energy markets. The move reflects the growing interest of sovereign investors in assets that support energy reliability, cross-border cooperation, and the modernization of power networks. The investment centers on a subsea

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