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Banking & Finance

EFG Holding’s valU rebrands into a financial tech firm

Arabiya Capital Staff -
The new visual identity reflects the financial technology firm’s dedication to innovation and efficiency
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Middle East investors to inject $120 billion in Egypt

Arabiya Capital Staff -
The UAE invested in 71 projects worth a record $5.6 billion in 2021 alone, with the most significant being The Agtech Park.
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Al Baraka Bank posts EGP 1.02 billion in profit H1 2023

Arabiya Capital Staff -
The bank achieved a net profit margin of 5.2% compared to 4.3% in the first half of 2022
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EFG Holding Q2 2023 revenue soars to EGP 3.1 billion

Arabiya Capital Staff -
The bank’s operating profit in the three months to June 30 reached EGP 988 million, up 46% y-o-y despite an increase in group operating expenses
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Egypt central bank signs MoU with London Institute of Banking & Finance

Arabiya Capital Staff -
The initiative aims to nurture the next generation of finance professionals by equipping them with the necessary skills and knowledge
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EFG Holding’s aiBANK unveils aiPremier Elite for HNWI clients

Arabiya Capital Staff -
Banking services under the segment will provide a seamless and personalised banking experience, ensuring that affluent clients receive priority attention
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Mastercard, One Global partner to launch Click to Pay in Kuwait

Arabiya Capital Staff -
Click to Pay sets a new standard for guest checkout transactions, delivering a more consistent experience for consumers
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Crédit Agricole Egypt posts $81.2 million in H1 net profit, up 146%

Arabiya Capital Staff -
The bank said its net banking income surged by more than 108% year-on-year to reach EGP 4.5 billion
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African fintech Opay mulls Egypt digital bank license application

Arabiya Capital Staff -
OPay’s digital bank will provide lending, savings and card services via the internet without the need for customers to go to branches
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Egypt secures $616 million loan from Arab Monetary Fund

Arabiya Capital Staff -
The financing deal seeks to augment Egypt’s payments infrastructure, promote financial inclusion and strengthen the regulatory framework
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Arabiya Capital provides dedicated news, features, data and updates on the unprecedented and accelerating changes taking place in Egypt’s banking and finance markets. Our news, articles, events and data are accessible across our many platforms -digital, online, print, roundtable debates, webinars, events (actual & virtual), awards, memberships and polling.

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