Credit card habits show rich vs. poor conundrum
JPMorgan’s credit card customers spent 40% less after Covid-19 hit, according to a study by its internal think tank. That sounds dire for a lender that has one-sixth of its […]
Egypt to loan EgyptAir $127mln to help it through coronavirus crisis
Egypt’s government will lend EgyptAir 2 billion Egyptian pounds ($127.39 million) due to the impact of the coronavirus on its operations, the finance ministry said. A member of the Star […]
First Abu Dhabi Bank puts talks to acquire Bank Audi’s Egyptian business on hold -sources
First Abu Dhabi Bank (FAB) has put on hold discussions to acquire the Egyptian assets of Lebanon’s Bank Audi AUDI.BY due to difficult market conditions. FAB, the United Arab Emirates’ […]
NIB approves capital hike for aiBANK
National Investment Bank (NIB) agreed to increase the capital of Arab Investment Bank (aiBANK) by EGP 800 million, Hala el Said, Egypt’s planning minister and chairman of NIB, announced in […]
Morgan Stanley turns bullish on emerging market sovereign debt
Morgan Stanley struck a buy call on emerging markets sovereign debt, citing cheap valuations, the prospect of significant policy support and the fact that sell-offs in recent months have created […]
Majority of startups in MENA see negative impact from COVID-19
The coronavirus pandemic has had a negative impact on the startup ecosystem across the Middle East and North Africa, a recent research report showed. The report showed that the pandemic […]
UAE fintech Ziina rolls out mobile money transfer app
UAE fintech startup Ziina, which raised a $850,000 funding, has launched a mobile-to-mobile payment service for instant money transfer to friends and family in the country. Users can complete the […]
How did AM Bank deal with Covid-19 Pandemic?
By the end of 2019, a new virus from the Corona family has emerged from Wuhan province and spread worldwide. Within few months hundreds of thousands of people got infected, […]
Mr. Hisham Ahmed Okasha- A Leading Figure the Arab banking Industry
Mr. Hisham Ahmed Okasha, is among the main figures in the Egyptian and Arab Banking Industry. Career Triumph He joined NBE in 2008 as Deputy Chairman and was appointed as […]
CSR in China: A Fast Evolution
During the past 10 years, Chinese companies have made important steps in integrating environmental, social, and governance (ESG) issues into their decision-making. However, the road is still long… The idea […]
Exposed by Covid-19: American VS Chinese Economic Systems
Overview A Pandemic may be the best manifestation in digging and highlighting differences in major countries economic systems’. When it comes to the economies of the United States and China […]
China’s Digital Silk Road Boosted by Coronavirus Pandemic
As thousands of papers and articles have discussed the implications of the coronavirus pandemic, these repercussions on national and global economies have highlighted the importance of strong and advanced IT […]
Big Data: A Game Changer in the Banking Industry
Overview: Too many buzzwords are used today by the technology community and specifically the financial and banking community. Among these tems we can hear of “Cloud”, “IoT” (Internet of Things), […]
Anatomy of Crises: The 2008 Financial Crisis VS Corona Pandemic Crisis
Overview: The world economy is confronting one of the most existential challenges since World War II. Economic activity, financial markets, and private sector confidence are all collapsing. The latest update […]
Emirati banks offer 98% of services to customers electronically
Over the past three years, the UAE’s banking sector has expanded, and now it provides 98 percent of its services to customers electronically, enabling them to achieve their transactions safely […]
Egypt Fawry’s co-founder to establish $25mln FinTech-focused VC fund
Mohamed Okasha, co-founder of Fawry for e-payments, announced on Thursday that he will establish a $25m venture capital (VC) fund to invest in financial technology (FinTech) startups which are in […]