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Banking & Finance

Egypt’s central bank hikes key interest rates by 200 bps

The interest rate increase is the first this year after the central bank kept its monetary policy unchanged in February

AJIB agrees to acquire StanChart business in Jordan

The two banks will work closely in the coming months to provide a seamless transition for its clients and staff.

Banque Misr, EgyptAir sign cooperation protocol in digital payments

The partnership was hailed as an expansion of Banque Misr’s achievements in the field of digital payments and support for digitalisation

Egypt secures $7 billion, five-year partnership from World Bank

The framework’s projects will be supported with a “financial envelope” of $7 billion in lending

Paymob, IKEA Egypt partner to enhance customer experience

The company’s omnichannel gateway offers more than 40 payment methods and empowers over 170,000 SME merchants

UAE’s AD Ports Group signs concession to operate Egypt’s Safaga Port

AD Ports will invest a total of up to $200 million in superstructure and equipment, buildings and other real estate facilities

e& Egypt, Mastercard partner to enhance digital experience

The partnership supports Egypt’s digital transformation that is expected to further boost financial inclusion

EFG Hermes concludes advisory on $244 million IPO of Abraj Energy

The IPO attracted demand of $2.05 billion (OMR 791 million) for shares from both retail and institutional investors

Banque Misr reinforces partnership with Mastercard to enhance payments

Banque Misr is continuously striving to support digital transformation by providing solutions that facilitate advanced banking

EFG Hermes’ valU, Azimut partner to launch AZ valU fund

The fund invests in a roster of secure, high-liquidity assets with short-and medium-term tenors, ultimately generating competitive average daily returns for customers

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