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Banking & Finance

Egypt inks four financing agreements with the EU

MEA Finance - 0
The first agreement is the cross-border cooperation program for the Mediterranean Sea basin phase III for 2021-2027
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Banking & Finance

aiBANK unveils a daily savings account with interest rates of up to 20%

MEA Finance - 0
Customers who opt for the new savings account can earn a daily interest rate of up to 20%
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Banking & Finance

Egypt’s Noqood Finance secures SME finance licence

MEA Finance - 0
Noqood Finance aims to support entrepreneurship and finance SMEs, which are essential pillars of the national economy
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Banking & Finance

Emirates NBD, Pine Labs partner to strengthen merchant acquiring solutions

MEA Finance - 0
The bank plans to deliver cutting-edge merchant-acquiring processing solutions for its clients in the UAE, with plans to expand to Saudi Arabia and Egypt
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Banking & Finance

Egypt’s Banque Misr invests in auction platform BELMAZAD

MEA Finance - 0
BELMAZAD aims to digitize traditional auction processes by reducing reliance on manual interventions
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Banking & Finance

Egypt’s EFG Finance secures license for its new NBFI venture

MEA Finance - 0
The new venture is poised to complement EFG Finance’s core offering by catering to the financing needs of SMEs in Egypt
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Banking & Finance

Emirates NBD-Egypt’s net profit jumps 174% to EGP 3.24 billion

MEA Finance - 0
Net interest income rose by 69%, registering EGP 7.3 billion in 2023, compared to EGP 4.3 billion a year earlier
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Banking & Finance

ALEXBANK, Mastercard to launch new payment products in Egypt

MEA Finance - 0
The partnership seeks to advance the bank’s payment solutions strategy and enhance the financial services landscape
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Banking & Finance

NBK-Egypt reports EGP 4.02 billion in annual net profit

MEA Finance - 0
Customer deposits continued to grow, rising by 25.42% to reach EGP 105.93 billion in 2023
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Investments

Abu Dhabi wealth fund ADQ to invest $35 billion in Egypt

MEA Finance - 0
The Abu Dhabi fund will acquire the development rights for Ras El-Hekma for $24 billion to develop the region into one of the largest new city developments.
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