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Fawry’s net income rises 70% in 2022
E-payments giant Fawry’s adjusted net income climbed 70% y-o-y to EGP 316.9 mn in 2022, according to its earnings release…
Companies no longer need a credit rating to issue bonds + sukuk
There are some caveats.
Ezz Steel forecasts EGP 8.3 bn in losses on EGP depreciation. Plus: Smartphone assembly, mature oil fields, BdC’s e-payments arm — and plenty more
MANUFACTURING- Ezz Steel forecasts EGP 8.3 bn in losses on EGP depreciation: Ezz Steel expects to record losses of EGP…
Crypto platform Rain throws in with MoneyHash on payments. Plus: STV is fundraising and Raya’s accelerator inks pact with GIZ
MoneyHash’s API will allow Rain to add payment service providers and payment methods across the Middle East and Africa.
Cross-border payments, bill payments are getting easier for Egyptians in the UAE thanks to Fawry + Botim
FINTECH- Fawry + Botim collab to help Egyptians in UAE to make cross-border payments, pay bills: Local e-payments giant Fawry…
UAE fintech Tabby embarks on Egypt recruitment drive as it rethinks local operations
The company plans to at least triple its Egypt-based workforce within the next 12 months
Ibnsina to invest EGP 200 this year. Plus: Kima, e-finance, Aman, Luberef
INVESTMENT- Ibnsina Pharma to invest up to EGP 200 mn in 2023: EGX-listed pharma player Ibnsina Pharma plans to invest…
EasyCash appoints new chairman
Mobile payments player EasyCashhas appointed Abdeen Abuarida (LinkedIn) as the company’s chairman, Al Mal reports. Abuarida currently also serves as…
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