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Telda secures central bank’s approval to start operations

Arabiya Capital Staff -
Egypt’s first digital banking application Telda said Monday that it had secured the central bank’s final approval to start operating its card and application...
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IMF calls talks with Egyptian authorities on new program “productive”

Arabiya Capital Staff -
The International Monetary Fund (IMF) said that it held productive discussions during a staff visit to Egypt on economic policies and reforms to be...
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Egypt secures $500 million from the World Bank to boost food security

Arabiya Capital Staff -
The World Bank said Wednesday that it had agreed to provide Egypt with a $500 million (EGP 9.4 billion) loan to boost food security...
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Egyptian fintech MNT-Halan’s Tasaheel issues $150 million in securitized bonds

Arabiya Capital Staff -
Egyptian fintech startup MNT-Halan said Monday that its wholly-owned subsidiary, Tasaheel, has securitized $150 million of its loan book and plans to use the...
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Egypt’s central bank keeps key interest rates unchanged

Arabiya Capital Staff -
The Central Bank of Egypt (CBE) kept its interest rates unchanged on Thursday, saying the ongoing war in Ukraine is among the main external...
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HSBC Egypt launches Green Personal Finance for more sustainable choices

Arabiya Capital Staff -
HSBC Egypt has launched green personal finance for its retail customers in Egypt in the bank’s latest step to support clients on their journeys...
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FAB Egypt announces new brand identity FABMISR

Arabiya Capital Staff -
First Abu Dhabi Bank (FAB) Egypt has announced the completion of the legal merger of Bank Audi Egypt, where all the bank’s assets in...
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HSBC pledges EGP 1bn in loans for tech entrepreneurs

Arabiya Capital Staff -
HSBC Egypt has announced an EGP 1bn Technology Entrepreneurs Lending Programme for high growth technology entrepreneurs seeking a global banking partner to scale up...
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ADCB Egypt chooses Temenos for Next-Generation Digital Payments

Arabiya Capital Staff -
ADCB Egypt, a subsidiary of Abu Dhabi Commercial Bank Group  has extended its collaboration with Temenos to offer the next-generation digital payments on Temenos...
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First Abu Dhabi Bank withdraws its non-binding offer for majority stake in EFG Hermes Holding S.A.E.

Arabiya Capital Staff -
After careful consideration and in the context of ongoing global market uncertainty and volatile macro-economic conditions, First Abu Dhabi Bank (FAB) has decided to...
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