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...
Tag : EGYPT
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...
Egypt’s Misr Insurance targets 10% growth by June 2020
Chairperson Basel El Hini revealed that the company’s profits reached a record high of E£4 bn in 2019...
MoneyGram, Suez Canal Bank enable seamless money transfers to Egypt
Suez Canal Bank will link to MoneyGram platform to offer new account deposit services to Egyptian customers...
African tech startups secure $491.6 mn in funding in 2019
2019 also witnessed a 61% increase in the number of investors to reach 261...
Egypt’s external debt increases 17.47% to $109.363 bn last September
The World Bank estimates Egypt’s volume of long-debt to be more than $98.3 billion...
EBRD to finance Masdar, Infinity joint projects for up to $60 mn
The joint venture known as Infinity Power will work on renewable energy projects in Africa and Egypt...
Egypt’s overdue banking act forwarded to legislature
The much-awaited banking law monitors digital payments and financial technologies...