Egypt news

Riyadh – Mubasher: Hamza Abusitta, Co-Founder and CEO of Reachware, revealed to Mubasher.info during the 24 Fintech event that the company was established in 2021 with the main objective to simplify the digital transformation process instead of …

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: 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: 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 …

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 …

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 …

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: 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 …

Mubasher: Newgen Software Technologies has launched its trade finance platform in the Middle East to serve as the first low-code, end-to-end automated system in the world and is powered by AI-based analytics, according to a press release. The …

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 …

Riyadh – Mubasher: STC Bank, formally known as stc pay and one of the leading digital innovators in the listed Saudi Telecom Company (stc) portfolio, is joining the 24 Fintech three-day event in Saudi Arabia as a Founding Partner. Being the newest …