العربية

Month: January 2024

Banque Misr Launches Debit Card for US Dollar Transactions

Egyptian state-owned bank, Banque Misr, released a new debit card that allows US dollar transactions up to USD 20,000 (EGP 618,058) per month, according to an Ahram Online report published on 30 January. The Visa Platinum card, which also works domestically, allows for a daily limit of USD 1,000 (EGP…

How can Egyptian Financial Institutions Mitigate Fraud Risks?

  Fraud prevention in Egypt’s banking and financial sector is a critical concern in an era marked by technological advancements and evolving financial landscapes. As financial institutions embrace digitalisation, the risk of fraudulent activities has grown, necessitating robust preventive measures. Though many banks and financial institutions still face challenges in…

IMF lowers growth expectations for Egypt economy for the 3rd time

The International Monetary Fund (IMF) lowered its growth expectations for the Egyptian economy during 2024, while maintaining its expectations for the global economy’s growth rates. The World Economic Outlook report issued on Tuesday stated that expectations for the growth of the Egyptian economy in the current fiscal year were reduced…

IMF reportedly increasing loan to Egypt to US$8 billion: TV host

Egyptian TV host Lamis al-Hadidi said on Tuesday during her show “Last Word” (Kalema Akhera) that there is upcoming news regarding the approaching agreement between Egypt and the International Monetary Fund (IMF) that will reportedly see the IMF increase its funding to Egypt. The IMF’s financing program will increase from…

CEQUENS celebrates 13 years of innovation, growth in communication sector

CEQUENS, a global omnichannel communication platform that offers integrated communication channels such as SMS, voice, and other messaging applications, has announced its key milestones and growth strategies in Egypt and across the region. CEQUENS has been transforming business communication in Egypt and around the world since 2011. The company’s annual…