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Unionaire rebrands as UGT
Unionaire Group Technology has announced its rebranding toUGT. The new entity will include Unionaire, Premium, Fine Stone and TCL, and…
Egypt’s House approves changes to Bankruptcy Act
House gives final nod to Bankruptcy Act amendments: Changes to the Bankruptcy Act that add further bankruptcy protections while giving…
Banks can start issuing deposit-backed electronic currencies under new CBE regs
Commercial banks are now allowed to issue e-currencies under newregulations (pdf) announced by the central bank yesterday. One unit of…
Al Ahly takes lion’s share of Egypt’s mortgage finance market
Al Ahly Mortgage Finance accounted for 34.4% of the country’s mortgage finance market in January and February 2021, with EGP…
My WFH Routine: Ahmed Bassiouny, co-founder and managing partner at Noqood
Ahmed Bassiouny, co-founder and managing partner at Noqood: Each week, my Morning / WFH Routine looks at how a successful…
More financial inclusion for pensioners + PayTabs, valU services coming to LuLu
Pensioners will soon have access to “new electronic channels” to receive and use their monthly payments under an MoU the…
Under pressure
Egypt’s banks could face further pressure on net income in 2021 due to the lower interest rate environment and a…
EFG, SFE closing in on AIB acquisition + El Salhiya is on the block
The Sovereign Fund of Egypt and EFG Hermes look set to wrap up their acquisition of Arab Investment Bank this…
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