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The IFC discussed with banking sector representatives from Egypt “how banks can make use of new technologies that promote cashless transactions, tackle cyber risk management, and digitize their banks and digitalize their services.” IFC says the workshop is part of its efforts to boost financial inclusion and expand banking services across the country.
Author Archives: enterpriseam admin
Posted inBanking + Finance
Export Development Bank gets USD 10 mn loan to promote SME funding
The Export Development Bank of Egypt announced receiving a USD 10 mn loan from the Sanad Fund for micro, small and medium enterprises, according to a disclosure. The funds will be used to expand financing and technical support to SMEs, the bank says.
Posted inNational Security
Egypt is among four potential buyers of Russia’s S-400 air defense missile systems
Egypt is among four potential buyers of S-400 air defense missile systems from Russia, Chairman of Russia’s upper house Defense and Security Committee Viktor Bondarev tells Sputnik.
Posted inSports
Cuper to leave Egypt after World Cup
Egyptian national football team coach Hector Cuper is likely to leave after the World Cup, team manager Eihab Laheita says, according to The Associated Press.
Posted inON YOUR WAY OUT
The Nile Hilton Incident picks up highest Swedish movie accolade
The Swedish film “The Nile Hilton Incident” won the Nordic nation’s equivalent of an Oscar, bagging a Guldbaggen for film of the year, according to Egyptian Streets. The film is directed by Tarik Saleh and is set in Cairo around the events of 2011. The film also picked up best actor honors for lead Fares […]
Posted inON YOUR WAY OUT
Waiter, there is a goldfish in my shisha
A coffee shop in Egypt is making the rounds of social media for all the wrong reasons after putting live goldfish in the water bowl at the bottom of their shishas, according to Al Arabiya.
Posted inThe Market Yesterday
EGP / USD CBE market average: Buy 17.6610 | Sell 17.7610EGP / USD at CIB: Buy 17.65 | Sell 17.75EGP / USD at NBE: Buy 17.65 | Sell 17.75 EGX30 (Tuesday): 15,197 (-0.3%) Turnover: EGP 1.0 bn (11% BELOW the 90-day average) EGX 30 year-to-date: +1.2% THE MARKET ON TUESDAY: The EGX30 ended Tuesday’s session […]
Posted inCALENDAR
25 January (Thursday): 25 January revolution / Police Day, national holiday. 29-30 January (Monday-Tuesday): Seamless North Africa, The Nile Ritz-Carlton, Cairo. 30 January-01 February (Tuesday-Thursday): CI Capital’s MENA Investor Conference, Four Seasons Nile Plaza, Cairo. 3-4 February (Saturday-Sunday): Egypt Investment Forum, Semiramis Intercontinental Hotel, Cairo. 05 February (Monday): Egypt’s Emirates NBI PMI reading for January […]
Posted inWhat We're Tracking Today
What we’re tracking on 23 January 2018
The United States has slapped Egypt and four other countries with new screening protocols for air cargo; we have details in this morning’s Speed Round, below. In an unrelated trade development, US President Donald Trump also imposed yesterday tariffs on imported washing machines and solar panels in what Reuters positioned as “the first of several […]