Egypt’s financial inclusion rate increased to 70.7 per cent during the previous year, representing a 174 per …
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Financial Services
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FeatureInternational NewsNewsTechnology
Ericsson targets 50% of mobile wallets in Africa
by Aya Anwarby Aya AnwarEricsson AB, a manufacturer of 5G networks globally, is expanding a financial technology company that facilitates mobile …
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FeatureInternational NewsNewsTech newsTech/AI
Visa launches $100mln generative AI ventures initiative
by Nada Aliby Nada AliVisa launched on Monday a new $100 million generative AI ventures initiative to invest in companies harnessing …
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BanksEgypt NewsFinancial InstitutionsIndustry & TradeInternational NewsMENA NewsMoneyNewsTech newsTech/AI
Egypt’s Aman aims to expand financial services across Saudi Arabia, Nigeria
by Toka Hatemby Toka HatemEgyptian FinTech firm Aman Group, which is owned by Raya Holdings and the National Bank of Egypt …
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Egypt’s EFG Hermes is advising on 4-5 acquisitions expected to close before the end of the year, …
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World
European markets close lower as tech and banking stocks dragged
by Yomna Yasserby Yomna YasserEuropean stocks closed lower on Monday, pushed down by the selling of stocks in financial services and …
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World
Stocks close at record highs after Fed signals it will raise rates in December
by Yomna Yasserby Yomna YasserU.S. stocks closed higher on Wednesday after the Federal Reserve released a summary from its previous meeting …
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Banks
UK banks call for mutual recognition agreement with EU after Brexit
by Yomna Yasserby Yomna YasserBritain and the European Union should accept each other’s rules governing financial services in a “flexible” trade …
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Egypt’s investment bank, Pharos Holding is working on two initial public offerings (IPOs) on Cairo bourse that …
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Industry & Trade
663 New Firms Founded in Egypt during September, Mostly in Sharqia
by Yomna Yasserby Yomna YasserIn October, around 663 new companies have been created in Egypt, totalling EGP 699.4 million in issued …
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