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AI + Innovation (MENA) 
Infrastructure 
Can AI promise Egypt’s lenders more borrowers and fewer bad loans?
Banks are cautious about letting AI judge a borrower. Local fintechs are not.
AI in Egyptian banking is “in its infancy,” and the pause is deliberate
Bankers say the rules aren’t written yet. Data center builders say the government has cleared the way. Cyber firms say…
HSBC boosts Swvl’s working capital facility by 110% to USD 1.4 mn
Plus: Modon awards EGP 12 bn infrastructure and residential contract for Ras El Hekma’s first district
HSBC to sell Egyptian retail portfolio to Emirates NBD
HSBC says it remains committed to corporate and investment banking in Egypt; the two business units account for the lion’s…
HSBC Egypt to sell retail portfolio to Emirates NBD
Good afternoon, ladies and gentlemen. We hope the weekend treated you well — another week, another scorcher ahead. Still putting off…
IMF mission lands in Cairo a month early for seventh review
Good morning, friends. Reform week is here, and it’s moving faster than we thought. An IMF mission landed Monday and…
CIB says it received the green light to start due diligence on HSBC Egypt’s retail franchise
CIB is not the only potential suitor for HSBC’s retail business in Egypt if the latter decides to sell, with…
HSBC says it’s committed to commercial, investment banking in Egypt amid reports it’s inching closer to exiting retail franchise
“HSBC is very committed to Egypt as a strategic market in which we are squarely focused on the needs of…
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