• Thursday, 4 March 2021

    What we’re tracking on 4 March 2021

    Good morning, nice people. Congratulations on making it through another workweek. Today can neither be classified as busy nor slow — but there’s plenty of big news and important stories to keep your eye on as they unfold.THE BIG STORY...
  • Wednesday, 24 February 2021

    Meeza rollout to finish in December

    All public sector employees will receive their salaries via Meeza cards by December, Finance Minister Mohamed Maait said in a statement. The government plans to issue 1.2 mn cards during February-April, the minister said, adding that the government-issued cards currently...
  • Wednesday, 24 February 2021

    Meeza rollout to finish in December

    All public sector employees will receive their salaries via Meeza cards by December, Finance Minister Mohamed Maait said in a statement. The government plans to issue 1.2 mn cards during February-April, the minister said, adding that the government-issued cards currently...
  • Monday, 15 February 2021

    Kiddie menu for finance

    SMART POLICY- Non-bank lenders could soon scrap service charges on financial products sold to customers aged 16-21 in a bid to promote financial inclusion, Financial Regulatory Authority (FRA) boss Mohamed Omran said in a statement. Financial products that specifically target...
  • Monday, 8 February 2021

    Also on our radar on 8 February 2021

    Edita has added an EGP 106 mn assembly line for its wafer products, the EGX-listed snackfood maker said in a regulatory filing (pdf). The new line can produce up to 6.4k tonnes of product a year, and will be used...
  • Sunday, 31 January 2021

    CIB sees digital banking boom

    2020 was a boom year for digital banking at CIB, which reported a 118% increase in the value of mobile banking transactions to hit EGP 53 bn, Deputy COO Mohamed Farag told the press. The total number of retail customers...
  • Monday, 18 January 2021

    Hey there, informal economy (wink, wink)

    The Finance Ministry’s digitalization drive shows exactly zero signs of slowing down. Up next: a pilot program kicking off in 2Q2021 for a digital inventory of real estate now that the government’s drive to bring online registry offices nationwide seems...
  • Monday, 18 January 2021

    HSBC going long on MENA

    HSBC ❤️ Egypt, MENA: The global bank is getting plenty of attention in the domestic press for a statement attributed to Martin Tricaud, its group CEO for the Middle East, North Africa and Turkey, saying that the bank has “ambitious...
  • Tuesday, 12 January 2021

    What we’re tracking on 12 January 2021

    Happy hump day, everyone. It’s the first day of the brand new parliament today — and the first order of business is to choose a speaker. Ali Abdel Aal faces challengers in his bid to return as speaker, as does...

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