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Banking & Finance

HSBC pledges EGP 1bn in loans for tech entrepreneurs

Arabiya Capital Staff -
HSBC Egypt has announced an EGP 1bn Technology Entrepreneurs Lending Programme for high growth technology entrepreneurs seeking a global banking partner to scale up...
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ADCB Egypt chooses Temenos for Next-Generation Digital Payments

Arabiya Capital Staff -
ADCB Egypt, a subsidiary of Abu Dhabi Commercial Bank Group  has extended its collaboration with Temenos to offer the next-generation digital payments on Temenos...
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First Abu Dhabi Bank withdraws its non-binding offer for majority stake in EFG Hermes Holding S.A.E.

Arabiya Capital Staff -
After careful consideration and in the context of ongoing global market uncertainty and volatile macro-economic conditions, First Abu Dhabi Bank (FAB) has decided to...
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Fawry offers its electronic payment services to Sudanese customers via Soug al-Sudan – alsoug.com

Arabiya Capital Staff -
Fawry for Banking and Payment Technology Services, Egypt’s leading provider of e-payments and digital finance solutions, announced today that it will begin providing Sudanese...
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QNB Alahli and Capiter sign cooperation agreement to bring easy financing to merchants

Arabiya Capital Staff -
Capiter, the Cairo-based B2B e-commerce startup signed a cooperation agreement with QNB Alahli to bring easy financing to merchants using its platform. The agreement...
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Central Bank of Egypt: Overall market value of Egypt’s banks neared 9 trillion EGP by November 2021

Arabiya Capital -
The total financial position of banks working in the Egyptian market increased by around EGP 1.006 Tn from July 2021, achieving EGP 8.954Tn by...
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The CBE’s new initiative to guarantee imports through Letters of Credit

Nap Estampador -
As of February the 22nd of February, importers must present letters of credit to import goods from abroad, according to a new initiative issued by...
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Suez Canal Bank achieves 6% year on year growth in 2021

Arabiya Capital -
Suez Canal Bank reached EGP 57.4bn by the end of 2021, compared to 2020’s EGP 54.4bn, achieving a 6% growth rate, despite the continued...
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EFG Hermes Corp-Solutions signs a USD25mln vessel finance deal with Transmar

Nap Estampador -
EFG Hermes Corp-Solutions, a subsidiary of EFG Hermes Holding and one of Egypt’s leading leasing and factoring companies, has signed a USD 25 million...
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Fawry and partners establish ‘Roaderz’, A digital mobility platform for last-mile delivery

Arabiya Capital -
Fawry, Egypt’s leading e-payments solutions provider, announced today that it has signed an agreement with Samer Gharaibeh, Softec Technologies, and Ammar Zawaideh to co-found...
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