Financial transfers from UAE to Egypt surge post-EGP liberalisation: Al Ansari Exchange
Al Ansari Exchange reports significant uptick in transfers to Egypt following EGP liberalisation
Contact Pay collaborates with OPay to innovate payment solutions, enhance customer experience
Contact Pay, a premier provider of payment solutions and a subsidiary of Contact Financial Holding, has entered into a strategic cooperation agreement with OPay, a frontrunner in fintech solutions and…
Egypt’s Health Ministry enhances support for Sudanese, Palestinian communities
Khaled Abdel Ghaffar, Egypt’s Minister of Health and Population, met with Carlos Oliver, the Head of the United Nations Migration Mission in Cairo, along with his delegation. The meeting focused…
58.1% of targeted AIG Insurance shares accept Gulf Group’s offer
The Egyptian Exchange (EGX) disclosed that 58.1% of the AIG Egypt Insurance shares targeted by Gulf Insurance Group’s mandatory purchase offer have been tendered. This amounts to 32,608 shares, in…
Beltone Holding achieves EGP 369m profit in 2023
In a remarkable turnaround, Beltone Holding reported a profit of EGP 369m in 2023, a significant shift from the EGP 269m loss the previous year. This recovery is attributed to…
EU prepares €7.4bn aid package for Egypt to bolster economy
European Commission President Ursula von der Leyen expected to travel to Cairo Sunday
Islamic banking in Egyptian market hits EGP 606bn in 2023
This figure represents approximately 4% of total Egyptian banking sector
EFG Finance secures FRA licence for new NBFI subsidiary
EFG Finance, a subsidiary of EFG Holding specializing in non-bank financial services, has announced the acquisition of a licence from the Financial Regulatory Authority (FRA). This licence will enable the…
Egyptian ministers convene to advance sustainable aviation fuel production
In a collaborative effort to produce sustainable aviation fuel (SAF), key Egyptian ministers convened at the Ministry of Petroleum and Mineral Resources. The meeting underscored a petroleum sector initiative to…