Egyptian state-run banks launch $63.5m fintech fund

Three Egyptian state-controlled banks will launch from next month a $63.5 million (EGP 1 billion) fintech fund to support start-ups in the fintech space and international outfits that want to establish in the Egyptian market, concerned banks have said in a statement. National Bank of Egypt, Banque Misr, and Banque du Caire are behind the […]

Iran: 15 people killed in cargo Boeing 707 crash near Teheran

An Iranian cargo, Boeing 707 carrying from Kyrgyzstan crashed on Monday after skidding off on the runway at an airfield during an emergency landing near capital, Teheran, leaving 15 people dead except one crew member, reports say. The narrow body jet dating back to 1979 crashed into residential area after making an emergency landing at […]

Mauritania: President Ould Abdel Aziz promises to quit power in 2019

Mauritanian President Mohamed Ould Abdel Aziz has promised to quit power at the end of his term in 2019, reports say. President Ould Abdel Aziz announced his decision during a meeting with Western diplomats accredited to Nouakchott. Former army general Ould Abdel Aziz came to power following a military coup in 2008 which toppled former […]