EgyptAir to receive $127.39 mn to weather coronavirus crisis
The government will support the carrier until it returns to 80% of its 2019 operation...
Tag : EGYPT
Egypt urges domestic banks to set limit on daily withdrawal and deposits
The new limit would allow individuals to withdraw 10,000 Egyptian pounds and companies 50,000 pounds...
Coronavirus: Saudi Arabia plans $13.3 bn stimulus for private sector
UAE announces its own $27.2 bn stimulus and Egypt allocates $6.4 bn...
Kenya Re to set up re-takaful unit in Egypt in 2021
The insurer increased its cash reserves through issuance of 2.099 billion of new shares...
Egyptian fintech Khazna secures funding from Algebra Ventures
The startup will provide its services to 20 mn Egyptians who have access to a mobile phone but no access to financial services...
Egyptian logistics startup Bosta secures funding from DPDgroup
The funding will be used to position Bosta as a leader in the industry...
Emirates NBD Egypt is first in MENA to use switch technology for card payments
Mastercard World Switch Card will interlink both credit and debit accounts, allowing cardholders to switch to either for payments...
Egypt’s National Bank joins Ripple’s blockchain for faster remittances
The National Bank of Egypt signed an agreement to use Ripple’s global blockchain platform called RippleNet...
Saudi Telecom to buy 55% stake in Vodafone’s Egypt unit
The Saudi Telecom deal for Vodafone Egypt is expected to cost around $2.4 bn...
Telecom Egypt debunks claims that it could sell its stake in Vodafone
Telecom Egypt holds 45% stake in Vodafone Egypt...