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Egypt appoints World Bank’s IFC to help monetise state assets

Arabiya Capital Staff -
The IFC will provide Egypt with technical assistance and advisory support to develop a strategy and implementation plan
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Mastercard, Bankiom partner to issue virtual prepaid cards across GCC

Arabiya Capital Staff -
The deal marks a significant stride in Mastercard’s ongoing commitment to advancing digitalisation in the GCC payments landscape
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Visa launches Africa fintech accelerator programme

Arabiya Capital Staff -
The launch of the Africa Fintech Accelerator programme follows Visa’s recent pledge to invest $1 billion in Africa’s digital transformation
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Emirates NBD-Egypt, Buna partner to enhance cross-border payments

Arabiya Capital Staff -
The partnership that was launched in the UAE is extending to Egypt to advance digitisation
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Standard Chartered agrees to sell business in Zimbabwe

Arabiya Capital Staff -
FBC Holdings will continue to employ all of Standard Chartered Zimbabwe’s employees
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FABMISR unveils ‘Access’ payment gateway to support SMEs

Arabiya Capital Staff -
The payment gateway provides businesses with website tools, solutions and payment link services to help merchants create online stores easily
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EFG Hermes Holding rebrands to EFG Holding

Arabiya Capital Staff -
The change in the brand name of the holding company will not impact the current management structure and reporting lines
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Cairo to host 3rd Intra-African Trade Fair in November

Arabiya Capital Staff -
The decision to change the venue and dates of the continental event followed the announcement from Côte d’Ivoire that it was no longer in a position to host the trade fair
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EFG Hermes’s Q1 2023 profit jumps 157% to $28.6 million

Arabiya Capital Staff -
The bank said its net profit after tax and minority reached $28.6 million (EGP 885 million) in Q1 2023
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UAE central bank awards acquiring license Checkout.com

Arabiya Capital Staff -
The license allows Checkout.com to unlock its full proposition for merchants in the UAE
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