Egypt to register Sahl in Dubai
Egypt plans to register "Sahl" Payment Company, owned by the National Investment Bank, at the Dubai International Financial Centre to expand its regional activity and strengthen the presence of Egyptian companies in financial technology and digital services outside of Egypt. The Minister of Planning and Economic Development stated that this step supports Egypt's goal of exporting financial technology and developing digital services exports, with government backing to enable local companies to expand regionally and globally. This initiative is part of efforts to improve the environment for innovation and economic development, as the Egyptian economy grew by 5.1% during 2025/2026, reflecting sustainable growth despite regional challenges. Officials also emphasized the importance of expanding partnerships with international financial institutions to strengthen the Egyptian financial sector and develop digital solutions.
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