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Mastercard names Yasemine Bedir as president for EEMEA region
Bedir will be based in the UAE for her new role
CBE greenlights full rollout of soft POS, turning smartphones into payment terminals
Following a two-year pilot phase that had restricted contactless payment transactions to EGP 600
Raya Holding’s Aman exports Egyptian fintech expertise to Saudi with new JV
Plus: Masria Digital Payments is now Modupay
Current account deficit narrows to USD 15.4 bn in FY 2024-25
The non-oil trade deficit widened to USD 37.1 bn during the fiscal year
Lorax Capital Partners-led consortium acquires AfricInvest’s entire MDP stake. PLUS: Genesis opens first Egypt showroom, Fawry partners with Forsa
Lorax’s acquisition bid was backed by the EBRD, International Finance Corporation, and the French Development Agency’s Proparco
Current account deficit narrows to USD 13.2 bn in 9M 2024-25
The non-oil trade deficit widened to USD 28 bn during the nine-month period
Current account deficit rises to USD 11.1 bn in 1H FY 2024-2025
The trade deficit rose to 47.4% during the period
HSBC launches first-of-its-kind cash management solution in Egypt, UAE
HSBC will now allow treasurers to manage cash 24/7, including weekends and national holidays
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