Day: December 24, 2023

Years ago, the Green Dot, a simple green circle framed by two arrows, emerged as the first ever visible symbol of a company’s ethical and environmental transparency. The symbol embodied a profound shift in consumer-company relations. Before the Green Dot, the relationship was one-sided—companies produced, consumers consumed, and waste accumulated.…

Valu, MENA’s leading universal financial technology powerhouse, announced on Sunday that it has closed its seventh securitized bond issuance worth EGP 953.1m. The issuance is part of the approved extended EGP 9bn programme. The bond is backed by a receivables portfolio assigned to EFG for Securitization as the issuance’s special…

MIDBANK has announced the latest updates in its plan and the boost of its growth. It said that the growth was the result of its ambitious plan after implementing the comprehensive restructuring strategy, in line with CBE’s plan for financial inclusion. During the press conference held by the bank last…

The Central Bank of Egypt (CBE) reported the key financial soundness indicators for banks in the Egyptian market in the third quarter (Q3) of 2023. A recent CBE report showed that the percentage of non-performing loans in banks remained at 3.3% of their total loan portfolio in Q3 2023, unchanged…

Qardy teamed up with Cashcall to drive financial prosperity for micro, small, and medium enterprises (MSMEs) in Egypt. The strategic partnership aims to provide cutting-edge solutions for the financial needs of CashCall merchants and customers, giving them access to a diverse range of tailor-made financial instruments. The partnership will simplify…

Gold prices in the global stock market rose by 1.6%, or $33, during the trading week ending on Friday evening, supported by a drop in dollar value, after it reached its lowest levels in about five months, after data showed a slowdown in annual inflation in the United States last…

The Central Bank of Egypt (CBE) said that its Monetary Policy Committee (MPC) will use all available tools to keep monetary conditions tight and lower monthly inflation rates. It will also keep guiding the annual inflation rates towards the CBE’s targets, aiming for price stability in the medium term. In…

Ghandour Auto, a company that imports and trades luxury cars, has announced its partnership with WTC, a company that offers e-commerce solutions and digital marketing, to launch a service for online ordering and importing cars. Walid El Ghandour, the CEO of Ghandour Auto, said that the company is launching a…

Tanmeyah, a subsidiary of EFG Holding and Egypt’s leading financial services provider, received a prestigious award from the Egyptian Federation for Micro, Small, and Medium Enterprises (MSMEs) today, acknowledging its unwavering dedication to the sector and its impactful industry transformation. The award, presented at a ceremony in the Conrad Hotel,…