Egypt expedites EGP 8b Export-It payments
Export-It Programme payments for beneficiaries of the seventh stage of the immediate cash payment initiative will…
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payments
Visa launches $100mln generative AI ventures initiative
Visa launched on Monday a new $100 million generative AI ventures initiative to invest in companies harnessing…
Egypt to receive first tranche of IMF loan soon – c.bank
Egypt will receive the first part of the International Monetary Fund (IMF) $5.2 billion standby loan within a few…
Orient Takaful, National Bank of Egypt deal to facilitate installment payments from…
Orient Takaful Insurance – Egypt signed a deal with the state-run National Bank of Egypt to facilitate payment of…
UAE’s Dana Gas receives $48mn payments from Egypt in June
UAE-based Dana Gas has announced that it has received payments of $48 million (AED177 million) from its operations…
Foreign buyers snapped up Egyptian 5-year bonds in auction
Foreign investors bought all of the five-year Egyptian treasury bonds auctioned on Monday, the country’s Finance…
Egypt expects to receive 5th tranche of IMF loan in Jan.
Central Bank of Egypt's governor Tarek Amer said on Sunday the fifth tranche of a $12 billion loan from the…
Saudi banks plunge on tax payments, Wall Street’s decline weighs on Gulf
Saudi shares fell sharply on Sunday, with banking shares dropping after lenders said they had reached a deal with…
Egypt on track to achieve its financial targets: FinMin
Egypt’s state revenues grew 35.5 percent in the first quarter of this financial year, putting the government on…
National Bank of Egypt changes interest rates on savings accounts
The National Bank of Egypt (NBE) has divided interest payments on savings accounts into five tiers on the basis of…
Telecom Egypt inks $200mn financing deal with China
Egypt’s state-run Telecom Egypt (TE) said Wednesday it had signed a $200 million financing agreement with a number…
Central bank of Egypt says balance of payments rise to $5.1 bln
The Central Bank of Egypt (CBE) stated that the total surplus of Egypt’s balance of payments rose to $5.1 billion…
Facebook to eliminate fees on donations to charitable causes
Facebook CEO Mark Zuckerberg said the company will stop levying fees on donations to charitable organisations made…
Apple says no operations were moved from Ireland
Apple Inc said none of its operations were moved from Ireland and that changes made to its corporate structure in…
Visa launches foundation for MSMEs growth with initial focus on Egypt and Nigeria
Global payments technology company Visa has launched the newly-incorporated Visa Foundation, which has been…
UAE, Saudi Arabia, Egypt have fastest online transactions growth in Arab world
Based on the study of seven key countries for the regional payment industry, the region witnessed an overall 22…
Trump to issue stop-payment order on health care subsidies
In a brash move likely to roil insurance markets, President Donald Trump will “immediately” halt payments to…
Orange and Fortumo expand direct carrier billing partnership to Egypt
Orange Egypt and mobile payments company Fortumo has expanded their direct carrier billing offering to Egypt. The…
Uber reviews Asia business amid U.S. bribery probe: source
Uber Technologies Inc, which is the subject of a U.S. federal probe into whether it broke bribery laws, has started…
Savola and Almarai drag down Saudi index, Dana Gas up
Shares of Saudi Arabia’s top food producers, Savola and Almarai, fell on Wednesday after Savola said it was…
Egypt’s tax authority collects 1.3mn pounds on Amr Diab, Mounir, Sherine concerts
Head of the Egyptian Real Estate Taxation Authority (RTA), Samia Hussein, said Friday that over LE1.3 million has…
Dollar on defensive after Fed minutes dampen rate hike prospects
U.S. dollar prices were on the defensive on Thursday after the minutes from the Federal Reserve's last policy…
Trump threatens to end insurance payments if no healthcare bill
U.S. President Donald Trump threatened on Saturday to end government payments to health insurers if Congress does…
Suez Canal revenues fall by 4% in nine months: CBE
Receivables from fees paid by ships passing through the Suez Canal have fallen by 4.2 percent in the first nine…
CBE: $11bn surplus in Egyptian balance of payments
The Egyptian balance of payments achieved a surplus of $11 billion during the first nine months of fiscal year…
99% of Dabaa nuclear plant contracts with Russia concluded: ambassador to Egypt
99% percent of the contracts necessary for the implementation of the nuclear plant project in Dabaa have been…
WhatsApp mulls foray into digital payments with India launch
Instant messaging app WhatsApp, owned by Facebook, is mulling a foray into digital payment services in India, its…
Egypt Central Bank sees pound’s real exchange rate appreciating
Egypt’s improved competitiveness after November 3 floating of the currency is unlikely to be negatively affected by…
Misr El-Kheir charity to cover repatriating bodies’ costs of dead Egyptians
Government ministers have signed a protocol with national charity Misr El-Kheir which would make the organisation…
French magistrate to investigate Fillon case: prosecutors
A French magistrate is to investigate payments made to the family of centre-right presidential candidate Francois…
States that Trump won have lion’s share of Obamacare subsidies to lose
They gave Donald Trump the White House — and now the president-elect could take billions of dollars in Obamacare…
Alibaba payments arm Ant Financial ‘closer to IPO’ but still no timeline
Alibaba affiliate Ant Financial, which runs the Alipay payments service, is "closer to an initial public offering "…
SunEdison plans to stop interest payments on yieldcos’ notes
Bankrupt solar company SunEdison (SUNEQ.PK) plans to stop making interest payments on behalf of its two yieldcos,…
Swedish payments firm Klarna taps debt market for the first time
Swedish payments firm Klarna, one of Europe's most highly valued tech startups, said on Monday it had tapped debt…
Payments app Circle raises $60 million in China expansion
U.S.-based payments app Circle has raised $60 million from Chinese investors and launched a company in China, as it…
Puerto Rico Governor suspends payments on infrastructure debt
Puerto Rican Governor Alejandro Garcia Padilla late on Friday declared a suspension of any payments on some debt…
Bank of Canada seeks payment systems upgrades, closely watching fintech
The Bank of Canada wants upgrades made to the core payments systems used in the country's financial system in order…
New Fitbit bands may soon serve as mobile wallets
Fitbit users could soon make payments with a flick of the wrist, as the maker of the simple yet hugely popular…
Vodafone Egypt owes Telecom Egypt $506.8 mln in deferred profits
Vodafone Egypt owes Telecom Egypt, the state-owned landline monopoly which owns 48 percent of Vodafone Egypt, 4.5…
Citigroup to stop Argentina bond payments amid turmoil
Citigroup Inc said on Tuesday it plans to exit its custody business in Argentina as soon as possible, after a U.S.…