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Egyptian startup – Thndr – raises $20 million to democratize investing in the Middle East and North Africa

Thndr, the Egyptian digital investment platform, announces a new $20 million series A investment. The round was co-led by Tiger Global, BECO Capital and...

Standard Chartered receives in-principle approval to open its first branch in Egypt

Standard Chartered Bank, is poised to establish a full-fledged banking operation in Egypt, instead of its current representative office set-up, after obtaining the in-principle...

Misr Capital and Fawry launch “Fawry Yawmy” money market fund using financial technology for the first time in Egypt and MENA

Misr Capital – the investment banking arm of Banque Misr, and Fawry – the leading fintech platform in Egypt and MENA, announced the launch...

ADCB Egypt increases its capital to 5 billion EGP

Abu Dhabi Commercial Bank – Egypt (ADCB) announced increasing its capital to EGP 5bn, thus complying with Law No. 194 of 2020 that stipulates...

Egyptian banking sector handles pandemic’s repercussions efficiently says CBE

The Egyptian banking sector has dealt efficiently with the repercussions of the coronavirus pandemic and has contributed to mitigating its negative effects on the...

ADIB-Egypt’s groundbreaking ‘Xcite’ account provides financial freedom for youth

ADIB-Egypt launched an activation campaign at a number of high profile universities in Cairo to reach out students at BUE and GUC on December...

Citi launches sustainability-linked supply chain financing in Algeria

Citi has launched its first Middle East and North Africa (MENA) Sustainability-linked Supply Chain Finance (SSCF) program in Algeria with the aim of supporting...

Central Bank Egypt approves launch of e-portal for smartphone wallet management

The Central Bank of Egypt (CBE) approved the launch of an e-portal for managing smartphone wallet accounts in cooperation with the National Telecom Regulatory...

Fawry broadens its platform for consumer finance offerings to capture the growing opportunity on the financial services market

Fawry, Egypt’s leading e- payments solutions and banking services provider, today announced plans for establishing a consumer finance company, Fawry Consumer Finance, broadening its...

Egypt’s central bank keeps interest rates unchanged for 9th time in row during 2021’s last meeting

The Monetary Policy Committee (MPC) decided, Thursday to keep the Central Bank of Egypt’s (CBE) overnight deposit rate, overnight lending rate, and the rate...

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