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Cairo – Mubasher: The net international reserves of Egypt amounted to $46.59 billion at the end of August 2024, according to the Central Bank of Egypt (CBE) data. In the 5 September meeting,  the Monetary Policy Committee (MPC) decided to maintain …

Cairo – Mubasher: The Central Bank of Egypt (CBE) offered treasury bills (T-bills) worth EGP 60 billion through two tranches on Sunday, 8 September 2024 The first tranche stood at EGP 40 billion and will mature in 91 days on 10 December this year, …

Riyadh – Mubasher: Saudi SaaS provider Reachware has raised $3 million in Seed funding, led by Sadu Capital, with participation from 500 Sanabil Investments and Elm Company, according to a press release. Reachware, a leading startup specialising …

Riyadh – Mubasher: Saudi fintech savings platform Hakbah entered into a new partnership with The Company for Cooperative Insurance (Tawuniya) at the 24 Fintech Conference that kicked off in Riyadh on 3 September. This alliance will reshape the …

Riyadh – Mubasher: The Saudi Central Bank (SAMA) penned an agreement with Samsung to provide access to Samsung Pay service in the Kingdom during the fourth quarter (Q4) of 2024. The announcement was unveiled on the sidelines of the 24 Fintech …

Riyadh – Mubasher: MENA-focused shopping and financial services app Tabby has entered into a definitive agreement to acquire Saudi-based digital wallet Tweeq, which is licensed by the Saudi Central Bank (SAMA). The announcement came during the 24 …

Riyadh – Mubasher: Alan Qi, President of Huawei Cloud Middle East and Central Asia, announced investment plans in Saudi Arabia to back the cloud-first strategy. In an interview with Mubasher.info, Qi highlighted that Huawei decided to invest in …

Riyadh – Mubasher: AI platform and software as a service (SaaS) provider Unifonic announced a strategic partnership with Saudi fintech company barq during the 24 Fintech event, which launched in Saudi Arabia to serve as a global meeting point. The …

Riyadh – Mubasher: Saudi fintech savings platform Hakbah inked a new agreement with the Saudi Institute of Internal Auditors at the 24 Fintech Conference in Riyadh. The partnership aims to improve the development of internal auditing systems, …

UAE– Mubasher: Tarabut has acquired London-based Vyne, a real-time account-to-account (A2A) payments platform for online businesses, according to a press release. The transaction, which was approved by the Saudi Central Bank (SAMA) and the UK's …

Riyadh – Mubasher: The Deputy Chairman of the Capital Market Authority (CMA), Abdullah Binghannam, elaborated that the financial service has clearly transformed wealth management. On the slides of the 24 Fintech conference, Binghannam noted that …

Cairo – Mubasher: The Central Bank of Egypt (CBE) auctioned treasury bills (T-bills) at a total  value of EGP 55 billion through two tranches on Thursday, 5 September 2024 The first issue was valued at EGP 30 billion and will mature in 182 days on …

UAE– Mubasher: Ziina, the UAE’s leading financial platform supporting consumers and businesses, has raised $22 million in a Series A funding round led by US-based Altos Ventures, according to a press release. The fundraising transaction also …

Riyadh – Mubasher: Mohammed El Kuwaiz, Chairman of the Capital Market Authority (CMA), highlighted that the 24 Fintech conference reflects Saudi Arabia’s leading position in the fintech landscape. The 24 Fintech event kicked off at the Riyadh …

Riyadh – Mubasher: Najm for Insurance Services is partaking in the 24 Fintech global conference as a Platinum Sponsor, which enhances its role in supporting and developing the local and global insurance and financial services sector. The fintech …

Riyadh – Mubasher: Omar Khaled, Chief Commercial Officer (CCO) at EzPay, a Saudi payments startup company that was established in 2023, talked with Mubasher.info during the 24 Fintech event which launched today in Saudi Arabia. Khaled noted that …

Cairo – Mubasher: Jumia partnered with Forsa, a subsidiary of Drive Financial, to secure flexible payment options for customers, enabling a convenient and hassle-free shopping experience. Under the joint agreement, Jumia customers will be able to …

Cairo – Mubasher: Abu Soma Development Company, the developer of Somabay, and REDCON Construction teamed up to implement a series of major construction projects in the Red Sea region at an investment of EGP 1.70 billion. The memorandum of …

Mubasher: Abu Dhabi-based Gulf Capital has sold its stake in Egypt-listed Middle East Glass (MEG) to the majority shareholder of the business, MENA Glass Holdings Limited, according to a press release. Gulf Capital’s investment enabled Middle East …

Riyadh – Mubasher: flynas launched three new destinations and five routes between Saudi Arabia and the UAE, becoming the largest air carrier connecting the two countries, according to a press release. flynas is also the only Saudi carrier serving …

Riyadh – Mubasher: Global payments solution provider Checkout.com unveiled it will be signing strategic partnership agreements with The Company for Cooperative Insurance (Tawuniya) during the 24 Fintech 2024 event which will launch in Saudi Arabia …

Cairo – Mubasher: Eastern Company achieved a 17% growth to EGP 11.46 billion in net profit before tax during fiscal year (FY) 2023/2024, which ended on 30 June 2024, compared to EGP 9.76 billion in FY22/23. Net revenues increased by 15% to EGP …

Riyadh – Mubasher: The flagship fintech event in Saudi Arabia 24 Fintech 2024 will kick off at the Riyadh Front Exhibition & Conference Center (RFECC) from 3 to 5 September this year, co-organised by Fintech Saudi and Tahaluf. This annual event is …