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Orange awarded as Fastest Mobile Data Network in Egypt by Ookla’s Speedtest
Orange Egypt has been awarded by Speedtest Application as the fastest mobile data network in Egypt after achieving the highest download and upload online speeds with a speed score of 25.59, with an…
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New protocol to facilitate payment instruments issuance for consumer finance companies
The Central Bank of Egypt (CBE) signed a cooperation protocol with the Financial Regulatory Authority (FRA) to facilitate the issuance of licences and approvals with regard to payment instruments for…
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AfDB approves Egypt’s hosting of its annual meetings in 2023, Amer
The board of African Development Bank (AfDB) has unanimously agreed on Egypt’s request to host the bank’s annual meetings on May 22-26, 2023 in the Egyptian Red Sea city of Sharm El Sheikh.
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Misr Digital Innovation joins Visa to launch its services in Egypt
Misr Digital Innovation (MDI) announced its alliance with Visa, the world’s leader in digital payments, to provide core and digital solutions support to the first digital lifestyle bank in Egypt.
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Egypt’s food, agricultural exports post $4.58bn in eight months
Egypt's exports of food industries and agricultural crops increased by 13.6% to $4.585 billion in the first eight months of the fiscal year (FY) 2020/2021, compared to $4.035 billion in the year-ago…
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Egypt’s e-finance to offer 14.5% stake on stock market in Q4 2021
Egypt’s state-run digital payments infrastructure and fintech platform, e-finance announced its intention to float up to 14.5% of its shares on the Egyptian Exchange (EGX) in the fourth quarter (Q4)…
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Global Finance: Egypt’s NBE, Banque Misr among 50 safest banks worldwide
Global Finance Magazine listed Egypt’s two biggest state lenders, the National Bank of Egypt (NBE) and Banque Misr among the world’s 50 safest banks.
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Egypt’s engineering industry exports rise 44% to $1.9bn in 8M
Egypt’s engineering industry exports increased by 44% to $1.957bn in the first eight months (8M) of 2021, compared to $1.357m during the same period last year, according to the Engineering Export…
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Banks in Egypt financial position increases to EGP 7.948trn in June 2021: CBE
The Central Bank of Egypt (CBE) revealed that the total financial position of banks operating in the local market, other than CBE, increased to about EGP 7.948trn in June 2021, compared to EGP…
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Egypt, AfDB discuss cooperation for 2022-2026 joint strategy
Egypt’s Minister of International Cooperation Rania Al-Mashat has discussed with officials from the African Development Bank (AfDB) boosting bilateral cooperation across various sectors, including…
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