Financial institutions in Egypt
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CBE launches new service allowing instant global money transfers to Egypt
The Central Bank of Egypt (CBE) launched a new service on Monday that allows instant money transfers from anywhere in the world to Egypt.
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Paymob enables Apple Pay acceptance for its merchants in Egypt
The milestone marks a significant transformation in the country’s digital payments landscape following the recent launch of Apple Pay in Egypt.
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Google to launch Google Wallet app in 16 countries including Egypt in 2025
Google announced Saturday that it will launch its Google Wallet app in 16 countries, including Egypt, in 2025.
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Enhancing financial stability, resilience of Arab banking sectors is crucial
Governor of the Central Bank of Egypt Hassan Abdallah emphasized the importance of enhancing the financial stability and resilience of the Arab banks.
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European Commission approved to disburse €1 billion for Egypt
The EU’s decision follows Egypt’s fulfillment of policy commitments under the ongoing MFA and its efforts to unify its exchange rate.
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Fitch Solutions revises down Egypt real GDP growth to 3.7% over Suez Canal disruption
Fitch Solutions has downgraded its forecasts for Egypt’s real GDP growth in the current FY2024/2025, which ends by June 2025, from 4.2 percent to 3.7.
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Global merger, acquisition activity will grow by 15% in 2024
Bain & Company, a global consultancy firm, projects that the value of Mergers and Acquisitions (M&A) deals will grow by 15 percent globally in 2024.
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Egypt’s first digital factoring license secured by FinTech oliv
According to FRA reports, the size of Egypt’s factoring industry in 2023 amounted to LE 44 billion, serving just 605 clients.
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EUR 77M German Aid to Boost Egypt’s Growth Goals
The funding agreement underscores Germany’s commitment to supporting sustainable growth in Egypt.
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Visa launches "Tap-to-Add Card" in Egypt
Visa introduces the Tap to Add Card feature in Egypt, simplifying digital payments and enhancing user convenience.