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Egypt: FRA reveals size of non-banking financing in July 2024

The Financial Regulatory Authority (FRA) reported a notable increase in non-banking financing across various sectors in July 2024. According to the latest figures, the number of consumers benefiting from consumer finance rose to 2.127 million in July 2024, up from 1.986 million in July 2023. The total volume of outstanding loans for micro, small, and […]

Israel urges entrepreneurs to focus on Asia

The Israeli government is urging entrepreneurs to switch their attention to Asia as a precautionary measure regarding the unfavorable developments in some European markets. Several companies have already followed the strategic decision as the demand for Israeli developed technology continues to rise. Authorities claimed that anti-Semitism is rising in Europe and the pro-Palestinian boycott, divestment […]

Malian army repels jihadist attack in Timbuktu after deadly assault in Boulkessi

The Malian army successfully repelled a jihadist assault on its military camp in Timbuktu on Monday (2 June), just one day after a deadly attack in Boulkessi left at least 30 soldiers dead. According to the Malian Armed Forces, 13 attackers were “neutralized” during the attempted infiltration of the Timbuktu camp. Witnesses reported a car […]