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EFG Hermes Holding announced a strong first-quarter performance in 2022, with revenues increasing by 55% year-on-year (y-o-y) to EGP 1.9bn. The group's net profit after tax and minority interest increased 18% year on year to EGP345m, owing to strong performance...
#EFG Hermes#financial services#interest
The UAE is the world’s 30th largest economy, and enjoys strong financial reserves... (more…)
#bad debts#bank#risk
Unit, an Israeli start up, announced on Tuesday that it has raised ... (more…)
#financial services#invoice#software
A consortium of investors made up of Amethis, the European Bank for Reconstruction and Development (“EBRD”), and.... (more…)
#GlobalCorp
Abu Dhabi Commercial Bank (ADCB) has joined the UAE Trade Connect (UTC) consortium... (more…)
#bank#blockchain#invoice
African Export-Import Bank (“Afreximbank” or the “Bank”) has released the consolidated financial statements of the Bank ... (more…)
#bank#guarantees#management
Egyptian Finance Minister Mohamed Maait announced that on April 15, a trial run of the "e-invoice" system would be introduced…
#e-invoice system#invoice#risk
Finastra today announced that Banque Misr, the second largest national bank in Egypt with international presence... (more…)
#Finastra
Invoice Bazaar, the Dubai-based inclusive finance platform owned by fintech holding company Triterras Inc., and food delivery leader Zomato, one…
#Invoice Bazaar#Triterras
Federal Decree Law No (16) of 2021 (Factoring Law) was issued on 29 August 2021 and came into effect... (more…)
#factoring law#Trade Finance Market#trade receivables finance
Contact Factoring, a subsidiary of Contact Financial Holding, intends to grow the size of its factoring portfolio to EGP 1bn…
#3M#interest#smes
The Emirates Development Bank (EDB), a key financial enabler of the country’s economic diversification and industrial transformation agenda, and Dubai…
#bank#guarantee#guarantees
In order to develop the existing offer and expand the company’s portfolio, CI Capital Holding (CI Capital) will launch factoring…
#acquisition#bank#WHO