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OFID allots $10 million to support food security in Egypt

The facility will assist in the import of vital food and agricultural commodities.

Islamic funds’ assets under management fall on rate rises

The decline was driven by investor outflow mainly due to rising interest rates and financial market volatility.

Bahrain issues new licenses to expand scope of family offices

The regulations were developed to suit the business models of family offices that provide services to multiple wealthy families.

Intesa Sanpaolo mulls taking full ownership of Egypt’s ALEXBANK

ALEXBANK is one of Egypt’s main private sector banks with 175 branches and 1.6 million customers.

Mastercard, BIBF collaborate to boost financial inclusion

The BIBF will work with Mastercard Academy to design and deliver customised and scalable digital and physical learning courses.

ADEX, National Bank of Egypt signs $100 million credit agreement

The financing agreement seeks to bolster economic activities and further enhance the already fertile trade landscape between the UAE and Egypt

UAE’s Emirates NBD makes equity investment in Komgo

The equity investment was made by Emirates NBD’s Innovation Fund, the bank’s corporate venture fund.

Bahrain’s Arab Financial Services unveils 2nd gen digital payments solution

The service eliminates the need for additional hardware, allowing businesses of all sizes to effortlessly accept payments

Afreximbank, China Development Bank sign $400 million loan to fund SMEs

The financing will support African SMEs involved in extra- and intra-African trade and those engaged in the productive sectors in Afreximbank member states

Egypt seeks to raise $5 billion from state IPO program by mid-2024

The government announced that it collected $5 billion from offering stakes in 13 companies between March 2022 and July 2023.

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