{"id":544508,"date":"2022-03-07T04:00:22","date_gmt":"2022-03-07T04:00:22","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2022\/03\/07\/egypts-banks-processed-1-bn-electronic-transactions-in-2021\/"},"modified":"2022-03-07T04:00:22","modified_gmt":"2022-03-07T04:00:22","slug":"egypts-banks-processed-1-bn-electronic-transactions-in-2021","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2022\/03\/07\/egypts-banks-processed-1-bn-electronic-transactions-in-2021\/","title":{"rendered":"Egypt\u2019s banks processed 1 bn electronic transactions in 2021"},"content":{"rendered":"<p><a class=\"content-anchor\" id=\"tldr-story-08\"><\/a> <strong>Egypt\u2019s banks processed 1 bn electronic transactions in 2021 worth a total of EGP <\/strong><strong>2.8 tn,<\/strong> said the Central Bank of Egypt\u2019s Sub-Governor for Payment Systems and Business Technology Ayman Hussein, according to <a href=\"https:\/\/bit.ly\/3hH98rs\">Hapi Journal.<\/a> Hussein didn\u2019t give a comparative figure for 2020.<\/p>\n<p><strong>Atrees Group acquires 100% of Remco subsidiary Empain: <\/strong>Tourism developer Remco has approved the EGP 364.4 mn sale of its subsidiary Empain Tourism Investments to Atrees Group, according to a<a href=\"https:\/\/ent.news\/2022\/3\/132262_093802.pdf\">statement to the EGX (pdf).<\/a> The sale matches the fair value set in a study by Alpha Capital, and is slightly higher than an <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/e9149fb4-c86d-4517-b6db-538604ec0815\">initial valuation<\/a> which valued the company at EGP 347.7 mn .<\/p>\n<p><strong>Other things we\u2019re keeping an eye on this morning:<\/strong><\/p>\n<ul>\n<li><strong>Cabinet <\/strong><strong><a href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/350691530434607\">discussed<\/a><\/strong><strong> last week a draft law proposing harsher penalties for people who <\/strong><strong>illegally build on agricultural land<\/strong>, including revoking subsidies from owners and penalizing contractors.<\/li>\n<li><strong>Work <\/strong><strong><a href=\"https:\/\/bit.ly\/3twU9pH\">to more than triple the capacity<\/a><\/strong><strong> of the <\/strong><strong><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/38ece99e-b3be-4ea8-b3ac-21750621bb64\">Egypt-Sudan electricity<\/a><\/strong><strong><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/38ece99e-b3be-4ea8-b3ac-21750621bb64\">interlink<\/a><\/strong> to 300 MW from 80 MW will be complete within five months.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Egypt\u2019s banks processed 1 bn electronic transactions in 2021 worth a total of EGP 2.8 tn, said the Central Bank of Egypt\u2019s Sub-Governor for Payment Systems and Business Technology Ayman Hussein, according to Hapi Journal. Hussein didn\u2019t give a comparative figure for 2020. Atrees Group acquires 100% of Remco subsidiary Empain: Tourism developer Remco has [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7209],"tags":[111,1291,1288,214,130,1290,244,93,72,180,7128,1292,1289,238],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-544508","post","type-post","status-publish","format-standard","hentry","category-also-on-our-radar","tag-also-on-our-radar","tag-arab-organization-for-industrialization","tag-atrees-group","tag-cit","tag-construction","tag-egypt-sudan-electricity-interlink","tag-electricity","tag-energy","tag-enterpriseam","tag-legislation","tag-ma-watch","tag-remco-group","tag-talal-abu-ghazaleh","tag-tourism","wpautop","entry"],"acf":{"mongo_id":"1cb87e65-3701-49f4-b4cd-c32716a15d2c","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[544489],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Egypt\u2019s banks processed 1 bn electronic transactions in 2021 - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2022\/03\/07\/egypts-banks-processed-1-bn-electronic-transactions-in-2021\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Egypt\u2019s banks processed 1 bn electronic transactions in 2021\" \/>\n<meta property=\"og:description\" content=\"Egypt\u2019s banks processed 1 bn electronic transactions in 2021 worth a total of EGP 2.8 tn, said the Central Bank of Egypt\u2019s Sub-Governor for Payment Systems and Business Technology Ayman Hussein, according to Hapi Journal. Hussein didn\u2019t give a comparative figure for 2020. Atrees Group acquires 100% of Remco subsidiary Empain: Tourism developer Remco has [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2022\/03\/07\/egypts-banks-processed-1-bn-electronic-transactions-in-2021\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2022-03-07T04:00:22+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/03\/07\/egypts-banks-processed-1-bn-electronic-transactions-in-2021\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/03\/07\/egypts-banks-processed-1-bn-electronic-transactions-in-2021\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Egypt\u2019s banks processed 1 bn electronic transactions in 2021\",\"datePublished\":\"2022-03-07T04:00:22+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/03\/07\/egypts-banks-processed-1-bn-electronic-transactions-in-2021\/\"},\"wordCount\":168,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"ALSO ON OUR RADAR\",\"Arab Organization for Industrialization\",\"Atrees Group\",\"CIT\",\"construction\",\"Egypt-Sudan electricity interlink\",\"electricity\",\"energy\",\"EnterpriseAM\",\"legislation\",\"M&amp;A Watch\",\"Remco Group\",\"Talal Abu Ghazaleh\",\"tourism\"],\"articleSection\":[\"Also on our Radar\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/03\/07\/egypts-banks-processed-1-bn-electronic-transactions-in-2021\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2022\/03\/07\/egypts-banks-processed-1-bn-electronic-transactions-in-2021\/\",\"name\":\"Egypt\u2019s banks processed 1 bn electronic transactions in 2021 - 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Banque Misr is joining several other unnamed banks and leasing companies\u2026","rel":"","context":"In &quot;Banking + Finance&quot;","block_context":{"text":"Banking + Finance","link":"https:\/\/enterpriseam.com\/egypt\/category\/banking-finance\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":563549,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/07\/07\/enough-is-enough\/","url_meta":{"origin":544508,"position":3},"title":"Enough is enough","author":"enterpriseam admin","date":"7 July 2021","format":false,"excerpt":"Nile Misr Medical Holding is ready to exit the race to acquire Alexandria Medical Services should the bidding war continue to drive up the purchase price, the CEO of the company told us yesterday. \u201cWe\u2019re still in the race, but we think [offers on the table] are on the high\u2026","rel":"","context":"In &quot;M&amp;A WATCH&quot;","block_context":{"text":"M&amp;A WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/ma-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/7\/67.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":632366,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/02\/08\/remco-to-begin-egp-12-bn-project-in-new-administrative-capital\/","url_meta":{"origin":544508,"position":4},"title":"Remco to begin EGP 12 bn project in new administrative capital","author":"enterpriseam admin","date":"8 February 2018","format":false,"excerpt":"Remco Tourism Villages Construction announced it is beginning EGP 12 bn worth of projects at the new administrative capital, according to a bourse statement. 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