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Egypt’s Tadbiir Group launches non-banking financial services for SMEs

Arabiya Capital Staff -
Tadbiir for Leasing and Factoring Company said Wednesday that it has launched its non-banking financial services to better support the small and medium-sized enterprises...
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Commercial International Bank FY profit jumps 21% on higher revenues

Arabiya Capital Staff -
Commercial International Bank (CIB) reported a rise of 21% in 2022 net profit, with revenue boosted by the bank’s solid grounding and robust balance...
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Moody’s downgrades 5 Egyptian banks, citing weaker sovereign

Arabiya Capital Staff -
Moody’s has downgraded the long-term bank deposit ratings of five Egyptian banks by one notch a week after the rating company lowered the North...
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Dubai’s Network International to launch ‘direct to merchant’ payments in Egypt

Arabiya Capital Staff -
Dubai-based payments processor Network International said Wednesday that it will launch its new ‘direct-to-merchant’ service offering in Egypt after receiving approval from the central...
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HSBC, Uber launch new on-demand cashouts in Egypt

Arabiya Capital Staff -
HSBC Egypt said Wednesday that it has joined forces with Uber Technologies to launch Flexpay, a digital payments solution that provides unbanked drivers on...
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Boubyan Bank’s Nomo launches property investment offering for Middle East clients

Arabiya Capital Staff -
Nomo, the world’s first fully-digital Sharia-compliant cross-border bank, has announced the launch of Nomo Property Finance, its mortgage alternative for clients in the Middle...
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Egypt’s MNT-Halan now valued at $1 billion after $400 million funding round

Arabiya Capital Staff -
Egyptian fintech firm MNT-Halan said Wednesday it has raised $400 million in new equity and finance,  valuing the microfinance lending and payments at more...
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Banque du Caire secures $100 million loan from EBRD, British International Investment

Arabiya Capital Staff -
Banque du Caire (BDC) has secured a $100 million subordinated loan from the European Bank for Reconstruction and Development (EBRD) and British International Investment...
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Commercial International Bank fully acquires Mayfair CIB for $40 million

Arabiya Capital Staff -
Commercial International Bank (CIB) said Sunday that it has acquired the 49% stake it did not own in Mayfair CIB for $40 million giving...
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EFG Hermes’ valU, Sympl partner for short-term BNPL plans

Arabiya Capital Staff -
Egyptian buy now pay later (BNPL) firm valU said Thursday that it has partnered with fintech firm Sympl to allow the its clients to...
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