The InstaPay app is set to apply transfer fees as of April 1st, the Instant Payment Network (IPN) announced.

Reefy Microfinance Enterprise Services has granted financing amounting to EGP 4 billion in 2024, bringing the total financing to EGP 20 billion

Egypt is exploring measures to enhance liquidity in its industrial sector through financial leasing as part of broader efforts to reduce reliance on imports and boost exports.

Abu Dhabi Islamic Bank-Egypt (ADIB-Egypt) has been awarded the title of "Best Islamic Financial Institution in Egypt" by Global Finance Magazine for the seventh year in a row.

The Central Bank of Egypt (CBE) has signed a memorandum of understanding (MoU) with the Central Bank of Tunisia to enhance cooperation in the banking sector

Al Baraka Bank has joined forces with Mastercard, a global leader in digital payments, to bring cutting-edge banking services to Egypt, as per an emailed press release to Arab Finance on February 12th.

The Arab Bank has inked an EGP 4.2 billion agreement with Orascom Construction PLC to finance the fourth phase of Greater Cairo Metro.

Abu Dhabi Islamic Bank (ADIB) Egypt’s financial leasing arm ADIFinance has joined a consortium of major financial leasing firms in Egypt to offer EGP 1.3 billion in financing for the capital expansion of El Hazek Construction’s LakeView Properties and El Hazek Sons for Development and Tourism.

Amid market uncertainty and the ensuing impact of global events, the financial sector in the Middle East has been witnessing the winds of digitalization. Embracing fast-shaping digital trends, financial organizations in the Middle East are tackling external challenges and swiftly creating sustainable brands for the future. On the back of technology, data, and the power of people, the sector is ready to showcase its might to the world. Here are some fast-shaping trends in the Middle Eastern financial sector.

Monthly transactions carried out through mobile wallet services in Egypt exceeded in value EGP 100 billion.

Egypt is seeking to increase its US dollar revenues by nearly $70 billion over the upcoming three years.

The National Bank of Egypt (NBE) participated in arranging and managing 12 financing deals, with a total value of EGP 27 billion during the first half (H1) of 2023.