Fawry awaits approval on inbound cross-border remittances license

Good morning, friend s.

Korra Energi released its IPO prospectus last night

WISH THIS MORNING’S ISSUE was a podcast? We’ve got you. Tap or click here or while stomping around the house wondering where the [redacted] you left your [redacted] reading glasses. ***

Homegrown fintech giant Fawry is awaiting final approval for a license to receive inbound cross-border remittances

Why it matters: USD 41.5 bn

Temporary listings keep rolling in

The Egyptian Contracting Company - Mokhtar Ibrahim has started the process for a temporary EGX listing this week. Arabic press late last month

Why it matters: currently in Cairo USD 1.6 bn disbursement

The Finance Ministry is adding small businesses and startups to its tax and customs “white list”

What is the white list, anyway? white list expanding the previously limited roster

In yesterday’s story

WEATHER- The sun is a little bit nicer to us in Cairo today, though still baking

It’s much nicer in Alexandria

In a market defined by geopolitical risk, inflation, currency volatility, and declining interest rates, knowing how to manage your money has never been more important, and yet few people are really good at it.

The default in Egypt has traditionally been to dollarize, buy real estate, or stash your extra cash in a high-yield certificate of deposit, but that playbook is dying.

With an illiquid real estate market, the era of ultra-high-yield deposits coming to an end, and a rapidly expanding ecosystem of digital investment options, investors are looking for new, smarter opportunities.

In this four-part series, Money Matters will walk you through smart personal finance decisions regardless of your age, income, or starting point.

Coming straight to your inbox. Stay tuned.

The big story abroad

We got a raft of business and geopolitical updates this morning. warning

Meanwhile, in the world of M&A: is acquiring

And on Wall Street: sounding the alarm bond yields rise sharply

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