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Egypt’s Orascom Financial Holding cooperates with EXCEL to launch new fintech firm
Orascom Financial Holding announced on Tuesday it has teamed up with EXCEL to launch a new financial technology (fintech) company focused on digital payments.
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EGX ends in mixed notes on Monday, benchmark EGX 30 tumbles 1.19%
Egypt’s stock exchange’s (EGX) indexes ended in mixed notes on Monday, with the benchmark EGX 30 index tumbling 1.19 percent to 10,738 points.
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Egypt’s CBE celebrates winners of ‘FinYology – FinTech for Youth’ initiative
FinTech Egypt, an affiliate of the Central Bank of Egypt (CBE), has organised a virtual closing ceremony to celebrate the awarded university students participating in the “FinYology-FinTech for Youth”…
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Arab investment bank acquisition deal value not determined yet: EFG Hermes
FG Hermes, The Egyptian Financial Group Hermes Holding, announced the value of the acquisition deal of the Arab Investment Bank (aiBANK) by EFG Hermes and The Sovereign Fund of Egypt (TSFE) has not…
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Egypt’s balance of payment will not be disrupted significantly by Suez Canal blockage: Moody’s
Egypt’s balance of payments will not to see a remarkable t disruption as a mega ship called, Ever Given, has been blocking the Suez Canal for almost a week, Moody’s announced on Monday.
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Africa Signs Historic Agreement with Johnson & Johnson for 400 Million Doses of COVID-19 Vaccines
The African union has successfully signed historic COVID-19 vaccine procurement Agreement with Johnson & Johnson for 400 Million Doses of COVID-19 Vaccines, according to AU chairman, President…
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Egypt’s economic reforms lead to €1.7B worth of German investments, Ambassador
The economic reform program undertaken by Egypt has encouraged German companies to inject €1.7 billion of investments in the country, and improved trade exchange between both states according to…
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Egypt’s Agricultural Bank expands ‘Bab Rizq’ microfinance programme to 150 branches
Agricultural Bank of Egypt (ABE), announced that the bank’s Bab Rizk programme for microfinance will be available in 150 of the bank’s new branches according to Alaa Farouk its Chairperson.
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Suez Canal Bank will up contribution in car replacement initiative, puts SMEs finance plan
The Suez Canal Bank (SCB) revealed that the bank aims to focus on car financing activities, Hussein Refaey, Chairperson and Managing Director said.
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Bank Audi Egypt to launch new internet, mobile banking applications soon
Bank Audi – Egypt has announced that it will launch advanced applications for internet services, named “Audi Online”, and mobile banking, named “Audi Mobile”, within days.
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