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Boubyan Bank’s Nomo launches property investment offering for Middle East clients

Nomo, the world’s first fully-digital Sharia-compliant cross-border bank, has announced the launch of Nomo Property Finance, its mortgage alternative for clients in the Middle...

Egypt’s MNT-Halan now valued at $1 billion after $400 million funding round

Egyptian fintech firm MNT-Halan said Wednesday it has raised $400 million in new equity and finance,  valuing the microfinance lending and payments at more...

Banque du Caire secures $100 million loan from EBRD, British International Investment

Banque du Caire (BDC) has secured a $100 million subordinated loan from the European Bank for Reconstruction and Development (EBRD) and British International Investment...

Commercial International Bank fully acquires Mayfair CIB for $40 million

Commercial International Bank (CIB) said Sunday that it has acquired the 49% stake it did not own in Mayfair CIB for $40 million giving...

EFG Hermes’ valU, Sympl partner for short-term BNPL plans

Egyptian buy now pay later (BNPL) firm valU said Thursday that it has partnered with fintech firm Sympl to allow the its clients to...

Qatar Investment Authority hikes stake in Credit Suisse to nearly 7%

Qatar Investment Authority (QIA) has doubled its stake in Credit Suisse to 6.87% from about 5.6% previously to become the second-biggest shareholder in the...

Egypt inks $1.5 billion financing agreement with ITFC

Egypt has signed a $1.5 billion financing agreement with the International Islamic Trade Finance Corporation (ITFC) to fund the country’s trading, including imports of...

Egyptian wealth fund partners with Etisalat Egypt to launch Erada Microfinance

The Sovereign Fund of Egypt (TSFE) has joined forces with Etisalat Egypt by e& to launch Erada Microfinance to provide access to a wide...

Here’s why EFG Hermes is considering exiting 3 markets

EFG Hermes said Tuesday that it plans to exit its operations in Pakistan and Jordan as part of the Egyptian universal bank’s broader strategy...

Egypt gets $925 million from foreign investors after currency devaluation

Egypt received over $925 million in foreign-exchange inflows since 11 January 2023 when the pound plunged by 16% to an all-time low of 32.1...

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