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ADCB Egypt increases its capital to 5 billion EGP

Arabiya Capital Staff -
Abu Dhabi Commercial Bank – Egypt (ADCB) announced increasing its capital to EGP 5bn, thus complying with Law No. 194 of 2020 that stipulates...
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Egyptian banking sector handles pandemic’s repercussions efficiently says CBE

Arabiya Capital Staff -
The Egyptian banking sector has dealt efficiently with the repercussions of the coronavirus pandemic and has contributed to mitigating its negative effects on the...
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ADIB-Egypt’s groundbreaking ‘Xcite’ account provides financial freedom for youth

Arabiya Capital Staff -
ADIB-Egypt launched an activation campaign at a number of high profile universities in Cairo to reach out students at BUE and GUC on December...
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Citi launches sustainability-linked supply chain financing in Algeria

Arabiya Capital Staff -
Citi has launched its first Middle East and North Africa (MENA) Sustainability-linked Supply Chain Finance (SSCF) program in Algeria with the aim of supporting...
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Central Bank Egypt approves launch of e-portal for smartphone wallet management

Arabiya Capital -
The Central Bank of Egypt (CBE) approved the launch of an e-portal for managing smartphone wallet accounts in cooperation with the National Telecom Regulatory...
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Fawry broadens its platform for consumer finance offerings to capture the growing opportunity on the financial services market

Nap Estampador -
Fawry, Egypt’s leading e- payments solutions and banking services provider, today announced plans for establishing a consumer finance company, Fawry Consumer Finance, broadening its...
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Egypt’s central bank keeps interest rates unchanged for 9th time in row during 2021’s last meeting

Arabiya Capital Staff -
The Monetary Policy Committee (MPC) decided, Thursday to keep the Central Bank of Egypt’s (CBE) overnight deposit rate, overnight lending rate, and the rate...
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ABK-Egypt collaborates with Mastercard to boost contactless payments

Arabiya Capital Staff -
Al Ahli Bank of Kuwait - Egypt has entered into a strategic partnership with Mastercard to launch “ABK Pay Sticker” – a contactless payment...
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Uber joins forces with Paymob to broaden in-app payment solutions in Egypt

Arabiya Capital Staff -
Uber announced its partnership with Paymob, the leading digital payment service provider, to expand payment options on the Uber app, in a bid to...
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Mastercard and ProgressSoft partner to simplify remittance solutions across Middle East and North Africa

Arabiya Capital Staff -
Mastercard has entered into a strategic partnership with the real-time payment solutions company, ProgressSoft, to ease the integration of Mastercard Cross-Border Services and accelerate...
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