Dr. Bahaa Salem: New License Supports the Group’s Ambitions to Expand Across Investment and Financial Services Cairo, Egypt – Al Salem Group has obtained approval from the Financial Regulatory Authority (FRA) to engage in the activity of holding companies, supporting its plans to expand in establishing companies that issue financial securities and to enhance its investments […]
Cairo, Egypt – First Abu Dhabi Bank Misr (FABMISR), one of the largest banks operating in Egypt, have entered into a strategic partnership agreement with Network International, a leading fintech company across the Middle East and Africa (MEA). This alliance aims to provide FABMISR with a complete range of payment processing services, accelerating the bank’s digital […]
Cairo: Valu, Egypt’s leading financial technology powerhouse, announced the signing of a strategic partnership with Fawry, Egypt’s leading fintech and electronic payments company, to introduce Valu services as a new flexible payment and financing option on the myfawry app. This collaboration reflects Valu’s ongoing commitment to expanding its digital financing solutions and enhancing customer experience by […]
Cairo, Egypt – May 2026 – Byit, an Egypt born proptech startup, has announced its expansion into the UAE alongside the launch of a new suite of AI powered solutions. These tools are designed to empower real estate brokers and enable more efficient cross border property transactions. The move comes just months after the strategic […]
Valu’s expansive merchant network stands to be among the primary beneficiaries, gaining direct access to tailored financing solutions through the platform they already trust. Valu, Egypt’s leading financial technology powerhouse, has received regulatory approval from the Financial Regulatory Authority (FRA) to establish a dedicated Small and Medium Enterprises (SME) Financing business, a strategic move that […]
Cairo, Valu, Egypt’s leading universal financial technology powerhouse, announced today a new partnership with Dubai Phone to introduce a fully digital onboarding experience, allowing customers to activate their account and pay with Valu through the Dubai Phone application. This collaboration enables users who are not yet Valu customers to seamlessly activate their Valu account and gain […]
Cairo, Egypt – 26 April 2026: Kiwe, the home-grown fintech startup built around how people actually use money today, has received final approval from the Central Bank of Egypt (CBE) to launch its application and card in the Egyptian market, marking the arrival of a new wave of fintech that is more relevant, user-centric, and […]
Spending patterns shifted during Ramadan and peaked around Eid Al-Fitr, with total spending up 15% during the Eid period. Cairo: Visa (NYSE: V), a global leader in payments, today released its latest consumer spending insights for the Ramadan and Eid Al-Fitr period in Egypt, based on the Visa Consulting & Analytics Retail Spend Monitor. During this […]
Ahead of the launch of KSA-1, MPE will serve as the global commercial application layer for financial services delivered on SpaceBelt KSA’s sovereign low-Earth orbit constellation. RIYADH, KINGDOM OF SAUDI ARABIA — April 21, 2026: MPE Solutions Inc. (“MPE” / “Modern Pay Engine”) today announced that it has entered into an agreement with SpaceBelt KSA […]
Abu Dhabi, UAE: MBME Pay Payment Services Provider – Sole Proprietorship L.L.C. (“MBME Pay”), a wholly owned subsidiary of MBME Group PJSC, has received its Payment Service Provider license (Category 3) from the Central Bank of the UAE (CBUAE) to conduct Merchant Acquiring and Payment Aggregation activities. This license elevates MBME Pay into an exclusive group […]