{"id":590439,"date":"2023-07-19T00:00:00","date_gmt":"2023-07-19T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2023\/07\/19\/foreign-investors-are-interested-in-banque-misrs-digital-bank\/"},"modified":"2023-07-19T00:00:00","modified_gmt":"2023-07-19T00:00:00","slug":"foreign-investors-are-interested-in-banque-misrs-digital-bank","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2023\/07\/19\/foreign-investors-are-interested-in-banque-misrs-digital-bank\/","title":{"rendered":"Foreign investors are interested in Banque Misr\u2019s digital bank"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Good morning, wonderful people, and happy last-workday-of-the-week. <\/strong> We\u2019ll have EnterprisePM in your inboxes this afternoon and are then off until Monday, 24 July in observance of Islamic New Year and Revolution Day. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Enterprise Climate and Enterprise Logistics will also be off. <\/strong> We\u2019ll all be back at the the usual time on Monday. Until then, we wish you a restful weekend with family and friends. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">Speaking of Enterprise Climate: <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>SOUND SMART- El Ni\u00f1o is here \u2014 this is what it means for the MENA region. <\/strong> Enterprise Climate takes a look at what the weather phenomenon in an easy-to-read two-part explainer <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/680f2e7e-93a5-401f-8562-ffdd0456b34b\" style=\"\">here<\/a> and <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/aa8fb93f-4524-45ce-b7c6-750f7041513d\" style=\"\">here<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>As was the case yesterday, this morning\u2019s issue again has plenty of news from the private sector <\/strong> \u2014 a welcome development after months during which policy news has dominated the headlines. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>PSA- This heatwave isn\u2019t going anywhere.<\/strong> The mercury in the nation\u2019s capital will continue to hover in the 41-42\u00b0C band through to at least next Wednesday, according to our favorite weather app. <strong>Sahel weather looks a lot nicer<\/strong> \u2014 a daytime high of 32-33\u00b0C as far as the eye can see, though the mercury will cool to just 26\u00b0C overnight. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Let\u2019s get started with the FDI rumors, shall we?<\/strong> <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>FROM THE RUMOR MILL- <\/strong> <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <a id=\"wwtt2\"><\/a> <strong>#1- A piece of the company rolling out Banque Misr\u2019s digital bank <\/strong> <strong>could be up for sale to an investor<\/strong> <strong>:<\/strong> Several Gulf investment funds are eyeing a minority stake in <a href=\"https:\/\/www.mdi.com.eg\/pages\/\" style=\"\">Misr Digital Innovation<\/a>(MDI), a company set up by Banque Mis r to launch its digital banking arm, <a href=\"https:\/\/bit.ly\/43u4McY\" style=\"\">Al Mal<\/a> reported yesterday, citing sources it said are familiar with the matter. The state-owned bank is willing to sell 10-20% of the bank, according to the sources. Foreign interest was later confirmed by Chairman Mohamed El Etreby, who told <a href=\"https:\/\/bit.ly\/3DkG9ES\" style=\"\">Asharq Business<\/a> that the bank has received offers from foreign investors to become partners. El Etreby didn\u2019t provide further information. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Going for the license:<\/strong> Banque Misr has applied to receive its digital banking license from the central bank, El Etreby said. Under <a href=\"https:\/\/ent.news\/2023\/7\/508.pdf\" style=\"\">new regulations (pdf)<\/a> published last week, digital banks will <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/6ceb3441-e6c5-4f50-b5ac-d2341abbcb32\" style=\"\">need at least EGP 2 bn<\/a> in capital to receive a license, and will need EGP 4 bn to be able to finance large companies. The bank\u2019s current paid-up capital is EGP 2 bn and its authorized capital is EGP 2.5 bn. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Saudi branch inauguration in September: <\/strong> Banque Misr will open up its first Saudi branch in September, El Etreby said. The bank <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/45708daf-db42-4009-be23-c867a9bb2123\" style=\"\">received the license to operate<\/a> in Saudi from the Saudi Central Bank back in 2021. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt3\"><\/a> <strong>#2- Offers for Wataniya could be in<\/strong> <strong>:<\/strong> The Sovereign Fund of Egypt has reportedly received three offers to buy stakes in military-owned fuel retailer Wataniya, <a href=\"https:\/\/www.alborsaanews.com\/2023\/07\/16\/1690431\" style=\"\">Al Borsa<\/a> reports. The Abu Dhabi National Oil Company (ADNOC), the Emirates National Oil Company (ENOC), and Saudi firm Petromin have all reportedly submitted offers, the news outlet says, citing informed sources. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Remember:<\/strong> Planning Minister Hala El Said said last week that the government had <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/1f59098e-47ac-42cc-964c-b84096549959\" style=\"\">qualified<\/a> <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/1f59098e-47ac-42cc-964c-b84096549959\" style=\"\">three companies<\/a> to conduct due diligence on the company after receiving six non-binding offers. The transaction is expected to close in October or November. The company \u2014 whose sale has been in the pipeline for a few years \u2014 was <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/13d7c392-176a-49a3-9189-d72db75205d2\" style=\"\">reported earlier this year<\/a> to have attracted the interest of Adnoc. <\/p>\n<div class=\"row\">\n<div class=\"col-md-12 subscribe-box-panel\">\n<div class=\"\">\n<div class=\"title\">\n<h4 class=\"fw-lighter mb-10\">\n     Get <b style=\"font-weight: 700\">Enterprise<\/b> daily<br \/>\n    <\/h4>\n<\/p><\/div>\n<p class=\"mb-10\">The roundup of news and trends that move your markets and shape corporate agendas delivered straight to your inbox.<\/p>\n<p>   <a href=\"egypt\/en\/user\/NewsLetters\" type=\"button \" class=\"btn-green px-3 d-flex align-items-center\">Subscribe here<\/a>\n  <\/div>\n<\/p><\/div>\n<\/div>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>HAPPENING TODAY- <\/strong> <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt1\"><\/a> <strong><a href=\"https:\/\/www.egyptminingforum.com\/\" style=\"\">Egypt Mining Forum<\/a><\/strong> <strong> concludes <\/strong> <strong>today:<\/strong> International and local mining chiefs, investors and policymakers are gathering at the Nile Ritz-Carlton for the two-day Egypt Mining Forum. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>HAPPENING THIS WEEK- <\/strong> <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt4\"><\/a> <strong>Seven gold exploration licenses up for grabs:<\/strong> The Oil Ministry will this week <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/563fc132-fa06-4f28-aab5-87dbce723929\" style=\"\">award seven gold exploration licenses<\/a> to LSE-listed gold miner Centamin and Canadian firm Barrick Gold (listed on the NYSE). <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The deadline for two USAID scholarships is approaching: <\/strong> The application deadline for the <a href=\"https:\/\/www.aucegypt.edu\/ar\/admissions\/scholarships\/USAIDscholars\" style=\"\">USAID Scholars Activity<\/a> and <a href=\"https:\/\/www.aucegypt.edu\/ar\/about\/usaid-egyptian-pioneers\" style=\"\">USAID Egyptian Pioneers<\/a> scholarship programs is this Thursday, 20 July. The programs offer scholarships to 250 Thanaweya Amma students in public, experimental and STEM schools. <strong>Know someone who should apply? <\/strong> <strong><a href=\"https:\/\/www.jotform.com\/230493158630556\" style=\"\">Send them this link<\/a><\/strong> <strong>. <\/strong> <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>NEXT WEEK-<\/strong> <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt5\"><\/a> <strong>The National Dialogue is back: <\/strong> The National Dialogue will resume sessions on Tuesday, 25 July, Kamal Zayed, member of the dialogue\u2019s board of trustees, told <a href=\"https:\/\/www.almasryalyoum.com\/news\/details\/2933014\" style=\"\">Al Masry Al Youm<\/a>. The dialogue <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/271edb75-577c-4e70-a68f-b09a7cb18197\" style=\"\">kicked off in May<\/a>, holding three weekly sessions discussing political, economic, and social issues. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>When does the national dialogue process end? <\/strong> Sessions have been on pause since the Eid Al Adha break, and officials have said it\u2019s too early to tell when the public policy-making fest might wrap up. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2023\/7\/793.jpg?ssl=1\"\/><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>THE BIG STORIES ABROAD-<\/strong> <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Key Ukrainian port targeted as Russia leaves grain pact:<\/strong> Russia yesterday fired missiles at Ukraine\u2019s Black Sea Odesa port, one of the country\u2019s most important ports for shipping grain, in what it said was a revenge attack following Ukraine\u2019s targeting of the bridge linking mainland Russia with Crimea. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Grain pact dead:<\/strong> The strike on Odesa came a day after Moscow said <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/e7579b8d-f9db-4def-9a0a-5fa8274ac3d4\" style=\"\">it would not be renewing the grain export pact<\/a> with Ukraine, a move that prevents Kyiv from using its Black Sea ports to export grains and other commodities overseas. The end of the agreement is stoking fears of a return to the soaring food prices and global shortages prior to the signing of the pact in 2022. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ALSO- Trump targeted for election interference:<\/strong> The former president\u2019s statements yesterday that he is under investigation by a grand jury for his efforts to remain in power following the 2020 election are getting a lot of attention globally this morning. ( <a href=\"https:\/\/apnews.com\/article\/fake-elector-michigan-republican-df7803fca3862be713d9d6d29fb77e81\" style=\"\">Associated Press<\/a> | <a href=\"https:\/\/www.reuters.com\/world\/us\/trump-says-federal-prosecutor-said-he-was-target-jan-6-attack-probe-2023-07-18\/\" style=\"\">Reuters<\/a> | <a href=\"https:\/\/www.ft.com\/content\/ae191b41-ec90-4ace-a9e5-ae0a3b053f28\" style=\"\">Financial Times<\/a> | <a href=\"https:\/\/www.nytimes.com\/live\/2023\/07\/18\/us\/trump-jan-6-letter\" style=\"\">New York Times<\/a> | <a href=\"https:\/\/www.washingtonpost.com\/national-security\/2023\/07\/18\/trump-jan6-target-letter\/\" style=\"\">Washington Post<\/a>) <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>AND-<\/strong> <strong>Israeli protests spread: <\/strong> Israeli protests against the hard-right government\u2019s push to overhaul the justice system are spreading, with demonstrators yesterday marching into the Tel Aviv stock exchange and train stations, according to <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2023-07-18\/israeli-anti-government-protesters-target-bourse-roads-trains?srnd=premium-middle-east\" style=\"\">Bloomberg<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">    <img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2023\/7\/44.jpg?ssl=1\"\/><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>CIRCLE YOUR CALENDARS-<\/strong> The Enterprise Finance Forum is taking place on 18-19 September at the St. Regis Hotel in Cairo. This flagship forum is the latest in our must-attend series of invitation-only, C-suite-level gatherings that allow senior members of our community to openly and frankly discuss critical issues in key sectors of the economy. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><a href=\"https:\/\/finance.enterprise.news\/\" style=\"\">TAP OR CLICK HERE<\/a><\/strong> if you want to express interest in attending. We\u2019ll be sending out the first batch of invitations soon. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Do you want to become a commercial partner?<\/strong> Ping a note to <a href=\"mailto:mtaalab@inktankir.com\" style=\"\">Moustafa Taalab, our head of commercial<\/a>, or fill out <a href=\"https:\/\/finance.enterprise.news\/sponsor.html\" style=\"\">this form<\/a> and we\u2019ll be in touch. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ENTERPRISE IS LOOKING FOR SMART, TALENTED PEOPLE of all backgrounds to help <\/strong> <strong>us build some very cool new things.<\/strong> Enterprise \u2014 the essential morning read on all the important news shaping business and the economy in Egypt and the region \u2014 is looking for writers, reporters and editors to help us build out new publications. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>NEVER WORKED IN A NEWSROOM BEFORE?<\/strong> We have the Enterprise Business Writing Development Program. Whether you are a recent graduate, an industry vet, or looking to switch careers, the Enterprise Business Writing Development Program will give you the tools you need to tell the most important stories to our audience of C-suite officials, government ministers, diplomats, financiers, investors and entrepreneurs. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Not an internship program \u2014 a career:<\/strong> The three-month program will see full-time, paid participants take part in workshops and lectures from veteran business journalists, while also working on and filing stories that will run on any of our publications. Those who have successfully completed the program, will then be given long-term job offers. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Apply directly to <\/strong> <strong><a href=\"mailto:jobs@enterprisemea.com\" style=\"\">jobs@enterprisemea.com<\/a><\/strong> <strong> and mention \u201creporter development program\u201d<\/strong> in your subject line. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/enterprise.press\/wp-content\/uploads\/2020\/01\/Web-view-01.jpg\"\/><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>*** It\u2019s Hardhat day \u2014 your weekly briefing of all things infrastructure in Egypt:<\/strong> Enterprise\u2019s industry vertical focuses each Wednesday on infrastructure, covering everything from energy, water, transportation, and urban development, as well as social infrastructure such as health and education. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In today\u2019s issue: <\/strong> Infrastructure players reported solid 1Q 2023 earnings, thanks in large part to the EGP weakening against the greenback. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>The bank has applied for a digital banking license following the new regs that were published last week<\/p>\n","protected":false},"author":1,"featured_media":590440,"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":[7204],"tags":[204,576,72,125,7128,74],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-590439","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-what-were-tracking-today","tag-banking","tag-banque-misr","tag-enterpriseam","tag-investment-watch","tag-ma-watch","tag-what-were-tracking-today","wpautop","entry"],"acf":{"mongo_id":"0f00ce5f-258d-42ee-a4e5-a668e76ee0a9","order":"0","is_powered_by":false,"story_type":"4","photo_url":"https:\/\/ent.news\/2023\/7\/798.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Foreign investors are interested in Banque Misr\u2019s digital bank","related_issue":[590437],"teaser":"The bank has applied for a digital banking license following the new regs that were published last week","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2023\/7\/.4d3c25eb-9598-4c15-b187-61f81121e898.mp3"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - 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It\u2019s a busy start to the new week (and month, and quarter), even though many of us are still slogging through the Ramadan fog.THE BIG STORY TODAY Big Two roll out new high-yield CDs: Banque Misr and the National Bank of Egypt \u2014 the nation\u2019s two\u2026","rel":"","context":"In &quot;WHAT WE\u2019RE TRACKING TONIGHT&quot;","block_context":{"text":"WHAT WE\u2019RE TRACKING TONIGHT","link":"https:\/\/enterpriseam.com\/egypt\/category\/what-were-tracking-tonight\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/1\/755.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":579556,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/11\/07\/this-evening-guterres-warns-of-highway-to-climate-hell-on-day-two-of-cop27-come-talk-to-us-about-building-a-climate-centered-business-at-the-enterprise-climate-x-forum\/","url_meta":{"origin":590439,"position":1},"title":"THIS EVENING: Guterres warns of \u201chighway to climate hell\u201d on day two of COP27 + Come talk to us about building a climate-centered business at the Enterprise Climate X Forum","author":"enterpriseam admin","date":"7 November 2022","format":false,"excerpt":"Happy Monday, wonderful people. It\u2019s a busy, busy day here in Omm El Donia as the leaders\u2019 summit gets underway at COP27 in Sharm El Sheikh, while the global business press still has one eye on the US midterm elections. But before we get started\u2026 We\u2019re delighted to let you\u2026","rel":"","context":"In &quot;WHAT WE\u2019RE TRACKING TONIGHT&quot;","block_context":{"text":"WHAT WE\u2019RE TRACKING TONIGHT","link":"https:\/\/enterpriseam.com\/egypt\/category\/what-were-tracking-tonight\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":606239,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/09\/13\/were-two-weeks-away-from-our-next-long-weekend\/","url_meta":{"origin":590439,"position":2},"title":"We\u2019re two weeks away from our next long weekend","author":"enterpriseam admin","date":"13 September 2023","format":false,"excerpt":"Good morning, friends. We\u2019re just days away from hosting many of you at our first-ever two-day event. We\u2019ll be going deep into what\u2019s next in banking, financial services, fintech and more at our Enterprise Finance Forum next Monday and Tuesday. THE BIG STORY THIS MORNING will feature on our agenda\u2026","rel":"","context":"In &quot;What We're Tracking Today&quot;","block_context":{"text":"What We're Tracking Today","link":"https:\/\/enterpriseam.com\/egypt\/category\/what-were-tracking-today\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/9\/902.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":590771,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/07\/25\/this-evening-banque-misr-nbe-launch-new-usd-certificates\/","url_meta":{"origin":590439,"position":3},"title":"THIS EVENING: Banque Misr + NBE launch new USD certificates","author":"enterpriseam admin","date":"25 July 2023","format":false,"excerpt":"Good afternoon, friends. We hope that you\u2019re surviving the heat on this blackout-filled afternoon and have managed to ease back into the grind as we bring this hot hump day to a close. THE BIG STORY TODAY State-owned Banque Misr and the National Bank of Egypt have launched new high-yield\u2026","rel":"","context":"In &quot;WHAT WE\u2019RE TRACKING TONIGHT&quot;","block_context":{"text":"WHAT WE\u2019RE TRACKING TONIGHT","link":"https:\/\/enterpriseam.com\/egypt\/category\/what-were-tracking-tonight\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/2\/263.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":619513,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/05\/02\/mdi-gets-initial-approval-to-launch-egypts-first-digital-bank\/","url_meta":{"origin":590439,"position":4},"title":"MDI gets initial approval to launch Egypt\u2019s first digital bank","author":"enterpriseam admin","date":"2 May 2024","format":false,"excerpt":"Good afternoon, folks, and happy Thursday. Don\u2019t forget to switch off your alarm clocks as the public and private sectors and all banks will be off on Sunday and Monday in observance of Labor Day and Sham El Nessim next week.And that includes EnterprisePM Egypt, which will be taking a\u2026","rel":"","context":"In &quot;WHAT WE\u2019RE TRACKING TONIGHT&quot;","block_context":{"text":"WHAT WE\u2019RE TRACKING TONIGHT","link":"https:\/\/enterpriseam.com\/egypt\/category\/what-were-tracking-tonight\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":591965,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/12\/23\/what-were-tracking-on-monday-23-december-2019\/","url_meta":{"origin":590439,"position":5},"title":"What we\u2019re tracking on Monday, 23 December 2019","author":"enterpriseam admin","date":"23 December 2019","format":false,"excerpt":"The long-awaited cabinet shuffle materialized yesterday, bringing six new faces to the cabinet table and a handful of surprises, including Prime Minister Moustafa Madbouly being tapped to drum up investment in all of its flavors. 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