Thursday, November 21, 2024
Today's News
Thursday, November 21, 2024
Today's News

Egypt

Egypt: CI Capital studies investment opportunity in non-banking financial sector

Mahmoud Atallah, Chairperson of CI Capital, stated that the opportunity might be through facility of a brand-new entity or purchase CI Resources, a holding business for financial investments, is examining a brand-new financial investment opportunity in the non-banking economic activities market. Mahmoud Atallah, Chairperson of…
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Egypt’s MNT-Halan raises $340m in debt and equity financing

Cairo-based FinTech is likewise in sophisticated speak with protect one more $60m in main resources Egypt-based financial modern technology firm MNT-Halan has raised $340 million in the red as well as equity in its most current financing round-- one of the largest between East over…
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Egyptian financial services provider MNT-Halan valued at $1B in $400M funding

Egyptian fintech and ecommerce environment MNT-Halan has increased as much as $400 million in equity and also financial obligation financing from neighborhood and worldwide investors as it continues to serve underbanked as well as unbanked customers in the North African nation. The round consists of…
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Egypt: IMF Bailout Highlights Risks of Austerity, Corruption

Some Positive Actions on Social Defense, Openness The International Monetary Fund's brand-new US$ 3 billion loan contract with Egypt largely proceeds an economic strategy that leaves the economic rights of millions vulnerable, Human Rights See as well as Democracy in the Arab World Currently (DAWN)…
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Most banks adjust their services to suit people with disabilities: Egypt’s CBE

This is available in implementation of the instructions of President Abdel Fattah Al-Sisi to promote accessibility to services to people with specials needs in numerous fields, specifically banking The Central Bank of Egypt (CBE) claimed that the majority of the banks operating in the Egyptian…
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China in play, Egypt reaches out to India for economy boost

Joint declaration: Egypt welcomes flow of more investments, promises motivations & facilities; India underscores assistance With Egypt fighting a serious recession, Egyptian President Abdel Fattah El-Sisi, who was the primary guest at the Republic Day ceremony Thursday, has actually reached out to India for investments…
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UAE accounting start-up Wafeq raises $3m as it aims to enter Egypt

Financial investment round led by Raed Ventures as well as Wamda Software-as-a-service start-up Wafeq has actually increased $3 million in a seed-funding round, as the UAE-based firm intends to go into Egypt and also scale up its services across the region. The financial investment round…
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ITFC, Egypt sign $1.5bln annual work programme for 2023

The $1.5 bln program was authorized in between the two sides for a period of 5 years, amounting to $6bln. The International Islamic Trade Financing Corporation (ITFC) and the Islamic Corporation for the Advancement of the Private Sector (ICD) introduced the launch of their annual…
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Egypt releases prominent businessmen detained on terrorism charges

Safwan and also Seif el-Din Thabet had been held for concerning two years without charge Please use the sharing devices discovered through the share button at the top or side of articles. Duplicating write-ups to show others is a breach of FT.com T&C s and…
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CYCLONE – I: India, Egypt special forces hold joint exercise in Rajasthan’s Jaisalmer

The 14 days long exercise will focus on sharing specialist abilities as well as interoperability of special forces in desert terrain while carrying out counter terrorism, reconnaissance, raids as well as various other special procedures. With a focus to share expert skills as well as…
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