DUBAI, UAE: Paymob, the leading financial services enabler in MENA-P, announces it has been granted the Retail Payment Services License by the Central Bank of the UAE (CBUAE) after successfully meeting all regulatory conditions and requirements through a rigorous approval process. The license authorizes Paymob to offer merchant acquiring, payment aggregation services, and domestic fund transfers […]
Arab Advisors Group released a new research report exploring the growing fintech market in the Arab World. The report expands on the current fintech landscape in the Arab region, covering the fintech regulatory frameworks, licensing, legality of cryptocurrency, fintech goals and initiatives, challenges and governmental vision for the sector in 19 Arab countries. Moreover, Arab Advisors […]
January 3, 2025 EFG Hermes, an EFG Holding company and the leading investment bank in the Middle East and North Africa (MENA) announced today that its investment banking division successfully concluded advisory on a future cash flow securitization issuance worth EGP 500 million for Badr University in Assiut (BUA), one of CIRA’s flagship universities. This […]
These changes are part of the CBE’s ongoing efforts to enhance financial inclusion and facilitate greater access to banking services across various sectors. December 30, 2024 The Central Bank of Egypt (CBE) has announced an increase in the maximum transaction limits for financial inclusion accounts, which apply to withdrawals, outgoing transfers, debit operations, and purchases. […]
Flend, a pioneering digital financing platform specializing in small, emerging, and medium-sized enterprises (SMEs), has achieved a groundbreaking milestone by becoming the first non-bank digital financial institution (Digital NBFI) in Egypt. The license, granted by the Egyptian Financial Regulatory Authority (FRA), empowers Flend to revolutionize the SME financing landscape through cutting-edge digital solutions. As the […]
Klivver Payments Secures Regulatory Approval to Launch Consumer Finance Company [Cairo, Egypt – Klivvr Payments, a prominent fintech company, has received regulatory approval from the Financial Regulatory Authority (FRA) to establish a consumer finance company. This milestone underscores Klivvr’s commitment to expanding non-banking financial solutions, fostering financial inclusion, and empowering customers with innovative and secure […]
Cairo – Beltone Holding (“Beltone” or the “Company”) announces that its Board of Directors has approved to proceed with all legal and regulatory procedures to increase the Company’s capital with an amount of EGP10.75 billion. This decision comes after the successful capital increase of EGP10 billion last year The Board of Directors’ approval supports the […]
A leading social enterprise focused on sustainable development and organic agriculture in Egypt. December 18, 2024 Cairo: Beltone Leasing and Factoring, a subsidiary of Beltone Holding, announces the signing of an EGP350 million sale and leaseback agreement with SEKEM Group, a leading social enterprise focused on sustainable development and organic agriculture in Egypt. This partnership involves […]
MENA’s First Fintech Unicorn, Egypt-born MNT-Halan, Brings Its Ecosystem of Financial Solutions to the GCC, Starting with Halan Advance and Targeting 250,000 Customers in 2025. December 11, 2024 Dubai, UAE – MNT-Halan, Egypt’s leading fintech company and first unicorn, has entered the UAE market, marking a key milestone in its rapid expansion across the region. […]
December 9, 2024: Egypt – Banque Misr has conducted Egypt’s first public digital auction to sell its real estate assets, marking a milestone in the adoption of innovative technologies in the banking sector. The auction, held in partnership with the Belmazad.com platform, represents a new era of transparent, efficient, and fair bidding, aligning with the […]