Egypt

The Financial Regulatory Authority (FRA) is studying international experiences on the development of legal frameworks that facilitate electronic services for companies and entities engaged in non-banking financial activities and encourage the use of...

M Group for Industry and International Trade (MTI) plans to merge its e-payment platforms...

The African Export-Import Bank (Afreximbank) has released its abridged audited financial statements for the year ended 31 December 2018, showing strong financial and operational performance, with total comprehensive income for the year amounting to...

At least three quarter (75%) of businesses in Egypt are optimistic...

Over the past few years, CIB Egypt has been intensely focused on developing its digital banking capabilities...

President Abdel Fatah al-Sisi ratified Saturday (18 August) the law that regulates factoring...

The African Export-Import Bank (Afreximbank) has released its unaudited financial statements for the half-year period ended 30 June 2018, showing gross revenue of US$343m. The figure represents a US$21m increase over the gross revenue for the same...

...will start offering factoring services in early July as part of a push into non-banking services...

Gamal Muharram, chairperson of the Egyptian Factoring Association (EFA), expected the activity of the sector to reach EGP 10bn (US$ 0.57bn) this year, versus EGP 5bn (US$ 0.28bn) in 2017...

...has received a licence to offer factoring services in the Egyptian market, further diversifying its product offering to large corporates and SMEs across Egypt...