Moataz Saleh

Shikh Zayed, Arkan plaza, Tower 4, Level 4, office 415

12855 Giza

Egypt

FRA approves establishment of first tech start-up to fund SMEs

This start-up aims to provide financing solutions for small and medium-sized enterprises (SMEs) using cutting-edge financial technology.

Highlighting Egypt's pivotal role as a central hub for AMEDA, Abdin emphasized the acquisition of essential licenses from the Egyptian Ministry.

He pointed out that the subsidy bill next year will increase to LE 636 billion, an increase of 20 percent over the current year.

The main commodities exchanged between the two countries included fresh oranges, natural calcium phosphate, and strawberries.

The report also showed that 82.32% of these new companies were set up in Cairo, Giza, Alexandria, Sharqiya, and Qalubiya.

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