Egypt Edition 
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AI + Innovation (MENA) 
Infrastructure 
Taly taps Tawfik Mahmoud as CEO, managing director
Mahmoud has over 24 years of experience in the fintech and payments sector
Foreign reserves increase to USD 49.3 bn in August
PLUS- Rock Steel wants to set up a new EGP 1.5 bn factory in Beni Suef, producing a specific type…
EONS unveils New Cairo development with initial investments of EGP 10 bn
PLUS- CBE allows banks to establish service units outside traditional branches
Tarek Fayed officially named CEO of United Bank
The announcement confirms earlier unconfirmed reports
CBE reveals new regulatory framework for foreign exchange bureaus to combat money laundering, other illicit activity
Bureaus have six months to comply with the new framework
Net foreign assets hit fresh high of USD 18.5 bn in July
Commercial banks’ net foreign assets recorded a surplus of USD 7.99 bn in July
Egyptians among 1k wealthy clients facing discontinued service from HSBC’s Swiss private bank
The bank is reportedly looking to lower its exposure to high-risk clients
Banks start lowering interest rates on savings products
Good morning, friends, and welcome to the start of a new month. We kick off September with an issue busy…
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