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CIB spinning up mortgage - factoring unit
CIB now has a mortgage finance + factoring arm: CIB has established Commercial International Finance after obtaining initial approval from…
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FRA wants to more than double non-bank lending by 2026
FRA wants to see serious growth in the non-bank sector: The Financial Regulatory Authority (FRA) wants to see NBFS lending…
Nigerian auto startup plans to launch EVs in Egypt next year
This Nigerian startup is planning to launch EVs in Egypt: Metro Africa Xpress plans to debut its electric vehicles in…
GASC in talks for new wheat buy + the Cairo hotel market rebounds in 2022
GASC is in direct talks with 14 wheat suppliers to buy an undisclosed amount of wheat, traders tell Reuters. The…
Bahraini fintech Arab Financial Services plans to launch in Egypt
Bahraini fintech comes to Egypt: Bahrain-based payment solutions provider ArabFinancial Services (AFS) plans to expand to Egypt, the company said…
New regs could make it easier for film crews to get permits
It could be getting easier for foreign photographers + film crews to get permits: Ministers are planning to introduce new…
Banque du Caire’s Telda prepaid card gets central bank approval
CBE gives greenlight to BdC’s Telda prepaid card: Banque du Caire has received final approval from the Central Bank of…
Another direct wheat purchase?
GASC bought 63k tons of German wheat directly from suppliers on 5 July, Reuters reported Thursday, citing anonymous sources. This…
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