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Banking

Snowdrop, PwC Middle East partner to advance digital banking

Snowdrop’s transaction enrichment API is already gaining recognition in the Middle East region

SocGen to sell Moroccan business for EUR 745 million

The transaction is subject to the usual condition’s precedent, including the approval of the relevant regulatory authorities

UAE financial system more secure, efficient than ever before, says CBUAE

The total number of ATMs of banks operating in the UAE reached 4,654 in 2023

Egypt’s GAFI signs MoU with HSBC to boost foreign investments

HSBC will introduce and connect more international investors to the growing business opportunities in Egypt

Emirates NBD-Egypt, GV Developments partner to develop Tarboul Industrial City

Emirates NBD-Egypt is strengthening Tarboul Industrial City’s development by providing the project’s feasibility study

GFH Financial Group posts $78.9 million in nine-month profit

The group’s total assets increased by nearly 8% to reach $10.54 billion in the nine months to September 30 from $9.76 billion in December 2022

Standard Chartered to start operations in Egypt by year-end

The bank appointed Mohammed Gad as CEO of Standard Chartered Egypt effective immediately.

Emirates NBD makes equity investment in Komgo

The equity investment was made by Emirates NBD’s Innovation Fund, the banking group’s corporate venture fund.

Mashreq unveils ‘Reignite’ global programme to empower women

Mashreq Bank has unveiled ‘Reignite’, its new Returning Women programme for female professionals wishing to resume their careers after a break. Backed by a...

EFG Holding posts EGP 3.1 billion in Q2 2023 revenue

The bank’s operating profit in the three months to June 30 reached EGP 988 million, up 46% y-o-y despite an increase in group operating expenses

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