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CBE to provide mobile lending services in 1H2019
Central bank to allow mobile lending in 1H2019 –report: The CBE allow mobile lending as early as 1H2019 as part…
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Egypt banks will see their taxes rise as a result of separately accounting for income from holdings of state debt
Banks will pay significantly more taxes under gov’t proposal that they account separately for their investments in state debt: The…
EBRD approves USD 24 mn loan for Andalusia Group
The European Bank for Reconstruction and Development (EBRD) has approved granting a USD 24 mn loan for healthcare provider Andalusia…
CBE plans to increase electronic POS around Egypt to 1 mn from 72.5k by 2021
The Central Bank of Egypt plans to increase the number of electronic points of sale around the country to one…
United Bank looks to exit three companies by start of 2019
The United Bank of Egypt is looking to exit three companies by January 2019, sources said on Saturday, as the…
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…
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”…
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