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National Bank of Egypt to roll out 500k “Meeza” debit cards in December
The National Bank of Egypt (NBE) is planning to roll out 500k national “Meeza” debit cards next month, through which…
Banking
Central Bank of Egypt leaves interest rates unchanged
The central bank of Egypt (CBE) kept key interest rates on hold on Thursday, citing higher-than-expected headline inflation rates in…
Fawry to invest EGP 400 to improve operations and meet rising demand
E-payments provider Fawry will invest EGP 400 mn to improve the company’s infrastructure and customer service, founder and CEO Ashraf…
FRA approves request from Mubasher to suspend advisory branch
The Financial Regulatory Authority approved Mubasher International’s request to temporarily suspend activities at its financial advisory armfor a year, CEO…
Aman to issue EGP 250-300 mn securities, to establish securitization firm, considers financial leasing
Raya Holding subsidiary Aman is planning to issue EGP 250-300 mn-worth of asset-backed securities, pending Financial Regulatory Authority (FRA) approval…
China UnionPay to expand into Egypt as demand increases
ATM card company China UnionPay is planning to expand into Egypt, sources close to the matter said, according to Al…
Fintech among Egypt’s fastest-growing sectors as financial inclusion grows
It’s another quiet morning for Egypt in the international press. Human Rights Watch says US policymakers should not be “fooled”…
Is the Central Bank of Egypt done revising the Banking Act?
LEGISLATION WATCH- Is the CBE done preparing its revised banking act? CBE Governor Tarek Amer discussed with President Abdel Fattah…
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