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

Arabiya Capital Staff -
The financing agreement seeks to bolster economic activities and further enhance the already fertile trade landscape between the UAE and Egypt
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UAE’s Emirates NBD makes equity investment in Komgo

Arabiya Capital Staff -
The equity investment was made by Emirates NBD’s Innovation Fund, the bank’s corporate venture fund.
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Bahrain’s Arab Financial Services unveils 2nd gen digital payments solution

Arabiya Capital Staff -
The service eliminates the need for additional hardware, allowing businesses of all sizes to effortlessly accept payments
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Afreximbank, China Development Bank sign $400 million loan to fund SMEs

Arabiya Capital Staff -
The financing will support African SMEs involved in extra- and intra-African trade and those engaged in the productive sectors in Afreximbank member states
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Egypt seeks to raise $5 billion from state IPO program by mid-2024

Arabiya Capital Staff -
The government announced that it collected $5 billion from offering stakes in 13 companies between March 2022 and July 2023.
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aiBANK, Visa partner to enhance digital payments

Arabiya Capital Staff -
The duo aim to encourage customers to embrace electronic payment solutions across all segments by offering cutting-edge solutions
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Network International invests EGP 1 billion in Egypt

Arabiya Capital Staff -
The payments firm plans to use part of the investment to acquire, deploy and maintain around 100,000 POS machines
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NBK-Egypt posts EGP 1.57 billion in H1 2023 net profit

Arabiya Capital Staff -
NBK-Egypt said its net operating income in the six months to June 30, jumped by 95% to EGP 3.9 billion.
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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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