Non-binding offer for a minimum of 51% of the outstanding share capital of EFG Hermes, that is subject to du
World Bank has announced that, The Egyptian economy continues to show the resilience it has displayed througho
Overall, a dynamic commercial activity across all business lines in Q4 and throughout 2021 Within a growing
The Monetary Policy Committee MPC decided to keep the Central Bank of Egypts CBE overnight deposit rate,
Arab Bank Group closed 2021 reporting net income after tax of 314.5 million as compared to 195.3 million in
The US Federal Reserve Fed continues to drive the economic agenda, setting the tone for monetary development
The European Bank for Reconstruction and Development EBRD is accelerating its support for the digital transi
Standard Chartered Bank, is poised to establish a full-fledged banking operation in Egypt, instead of its curr
U.S. payment giants Visa and Mastercard are reportedly close to reaching a settlement with U.S. merchants that would reduce the fees stores pay for card transactions and grant them greater control over which credit cards to accept, according to The Wall Street Journal, citing people familiar with the matter.
eNovate, a subsidiary of e-Finance Investment Group, has officially launched its first banking product for university students in Egypt under the Youth Banking as a Service Y-BaaS model. Developed in partnership with Visa, a global leader in digital payments, and Arab Bank, the product, named Rize, introduces a fully integrated digital banking ecosystem within the university environment. Helwan University serves as the first institution to implement this innovative solution.
Disruptech Ventures, an investment fund specializing in supporting early-stage fintech startups, has announced its latest strategic investment in Chari, a leading Moroccan fintech company backed by global accelerator Y Combinator.
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