UAE – Mubasher: HSBC has launched WorldTrader in the UAE, a digital trading platform providing customers with access to a wide range of investments globally, according to a press release. WorldTrader will enable HSBC Wealth and Personal Banking …
Cairo – Mubasher: Commercial International Bank-Egypt (CIB) has increased the limit on foreign-currency spending in and outside Egypt using credit cards. The bank also reduced the Foreign exchange markup fees to 5% for all cards, according to a …
UAE-Mubasher: Lunate Capital has launched the Chimera J.P. Morgan Global Sukuk ETF, an exchange-traded fund (ETF) that is scheduled to list on the Abu Dhabi Securities Exchange (ADX) on 8 July. The fund will track the performance of the J.P. …
Riyadh – Mubasher: Mastercard penned a strategic deal with urpay, a digital wallet powered by neolaep, to provide the latter’s consumers across the Kingdom with access to a wide range of cross-border payment solutions. The agreement aligns with …
Mubasher: Digital payments firm Euronet is partnering with open banking leader Fintech Galaxy to provide banking-as-a-service across the Middle East and Africa (MEA) Their new platform offers account-based payment processing capabilities and other …
Cairo – Mubasher: Most of the indexes of the Egyptian Exchange (EGX) slightly dipped on Monday. The benchmark index, EGX30, declined by 0.59% to close at 26,902.40 points, while the Shariah index shrank by 0.62% to end at 2,660.88 points. The …
Cairo – Mubasher: The Egyptian government announced 30 June 2024 a paid public holiday to commemorate the anniversary of the 30 June Revolution. The decision applies to all government ministries, departments and bodies, as well as local …
By: Abdel Razek El-Showeikhy Cairo – Mubasher: Egypt’s new government formation will be announced this week and the new ministers will take a constitutional oath before President Abdel Fattah El-Sisi at the beginning of next week, parliamentary …
Cairo - Mubasher: Marseilia Almasreia Alkhalegeya Real Estate Investment has announced plans to establish a new subsidiary in Saudi Arabia named Marseilia Saudi Arabia for Urban Development, said Chairman Sherif Heliw. The investment in this …
Cairo - Mubasher: Act Financial plans to float 360 million shares, representing 47% of its share capital, on the Egyptian Exchange (EGX) after obtaining the authority’s approval last April. The company will increase its capital by issuing 360 …
Cairo – Mubasher: Qatar National Bank Al Ahli (QNB Al Ahli) has changed its name to QNB, aligning its local brand with the parent group as it eyes opportunities in the Egyptian market. The name change reflects QNB's strength and competitive …
Cairo – Mubasher: Egypt’s Organi Group has signed an agreement to expand its strategic partnership with Qatari Diar, a wholly owned subsidiary of the sovereign-backed Qatar Investment Authority. The partnership includes the CityGate project in New …
Mubasher: National Mobile Telecommunications Company (Ooredoo) teamed up with NVIDIA Cloud Partner (NCP) to become a leading digital infrastructure provider in the MENA region. Ooredoo will leverage NVIDIA’s accelerated computing platform to help …
Cairo – Mubasher: The Central Bank of Egypt (CBE) offered treasury bills (T-bills) at a combined value of EGP 55 billion through two issues on Monday, 24 June. With a value of EGP 30 billion, the first tranche will mature in 91 days on 24 …
Cairo – Mubasher: The indexes of the Egyptian Exchange (EGX) ended the first session after Eid Al-Adha vacation in the green territory. The benchmark index, EGX30, rose by 2.44% to close at 27,062.37 points, while the new Shariah index increased …
Abu Dhabi – Mubasher: Abu Dhabi Islamic Bank (ADIB) has entered into a strategic collaboration with DIFC Innovation Hub to fast-track fintech adoption in the region. The UAE’s DIFC Innovation Hub is home to more than 700 growth-stage tech firms …
Cairo - Mubasher: The value of Egypt's electronic payment and collection services reached EGP 2.50 trillion in the first 11 months (11M) of the fiscal year (FY) 2023/2024, up from EGP 2.10 trillion in the same period a year earlier, said Minister …
Mubasher: Orange Energies has announced opening its digital energy platform to all firms on Africa to boost access. The Orange Smart Energies software facilitates prepaid solar and meter payments via mobile money, reducing non-payment risk for …
Cairo – Mubasher: Asec Company for Mining (ASCOM) turned to net losses worth EGP 25.67 million in the first quarter (Q1) of 2024, versus net profits worth EGP 38.58 million in Q1-23. Revenues climbed to EGP 759.97 million as of 31 March 2024 from …
Cairo – Mubasher: The net losses of South Valley Cement Company hiked to EGP 46.30 million in the first quarter (Q1) of 2024 from EGP 37.05 million in Q1-23. The company generated revenues amounting to EGP 328.37 million in the January-March 2024 …
Cairo – Mubasher: The volume of trade exchange between Egypt and the G7 countries fell around 17% year-on-year (YoY) to $26 billion during 2023 from $31.30 billion in 2022. The value of Egyptian exports to the G7 countries reached $8.60 billion …
Cairo – Mubasher: Egyptian Prime Minister Mostafa Madbouly chaired a crisis meeting on the deaths of Egyptian pilgrims in Saudi Arabia. Madbouly expressed condolences and said the meeting, mandated by President Abdel Fattah El-Sisi, aims to …
Cairo – Mubasher: The Central Bank of Egypt (CBE) auctioned treasury bills (T-bills) at a total value of EGP 45 billion through two issues on Sunday, 23 June. The first auctions stood at EGP 25 billion and will mature in 182 days on 24 December …
Dubai – Mubasher: The listed Commercial Bank of Dubai (CBD) has teamed up with Emirates Development Bank (EDB) through a strategic partnership to enhance and facilitate international trade services, according to a press release. The collaboration …
Abu Dhabi – Mubasher: Bayanat AI has formed a strategic partnership with Oxa, an Oxford-headquartered pioneer in autonomous vehicle (AV) technology, to advance the development and deployment of autonomous vehicle solutions in the UAE and beyond. …
