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Banking & Finance

Mastercard, Foloosi partner to launch Click to Pay in UAE

Arabiya Capital Staff -
Click to Pay raises the bar for guest checkout transactions by making it easy, secure, and fast to checkout
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Network International debuts ‘direct-to-merchant’ services in Egypt

Arabiya Capital Staff -
The networkpay service simplifies payments for merchants, enabling them to accept electronic payments through different channels
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Egypt’s SODIC posts EGP 187 million in Q1 profit

Arabiya Capital Staff -
The Egyptian developer’s revenues jumped 26% to EGP 1.50 billion in the quarter from EGP 1.20 billion in Q1 2022
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Fitch Ratings downgrades Egypt’s sovereign credit rating

Arabiya Capital Staff -
Egypt’s external financing risk has increased given the country’s high external financing requirements
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EFG Hermes’ aiBank posts EGP 525.6 million FY net profit

Arabiya Capital Staff -
aiBank’s outstanding business results follows its acquisition by EFG Hermes and the Sovereign Fund of Egypt
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Mastercard, Egypt’s egabi partner to advance digital lending solutions

Arabiya Capital Staff -
Mastercard has partnered with the fintech solutions provider egabi to advance financial institutions and non-traditional partners’ access to new embedded finance and digital lending...
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Taly launches digital payment services in Egypt with BPC

Arabiya Capital Staff -
Taly’s launch of comprehensive digital payments in Egypt is expected to expand digital transformation services
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EFG Hermes launches its DMA platform on Microsoft’s Azure

Arabiya Capital Staff -
The bank’s users will enjoy access to algorithmic trading, an advanced trading strategy that ensures even faster speed and efficiency
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ACWA Power’s Egypt solar project secures $123 million financing package

Arabiya Capital Staff -
The project already has equity bridge loans of $14 million from the EBRD and $45 million from APICORP
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Abu Dhabi’s EHI partners EFG Hermes ahead of ADX listing

Arabiya Capital Staff -
EFG Hermes will act as a strategic partner during Ethmar International Holding’s private offering process
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