CIB launches new services for small businesses
CIB launches new services for small businesses: CIB rolled out yesterday a new business banking segment, dubbed CIB Growth, which will target small companies with an annual sales turnover from EGP 1 mn to EGP 50 mn, the local press reports. The new segment will provide a package of banking products and digital solutions including credit facilities with flexible payment terms, dedicated customer service teams and a secure channel for online salary transfers. Small businesses will also have access to non-financial services at discounted prices including advisory, e-commerce and digital transformation, as well as marketing and market research services.
Other things we’re keeping an eye on this morning:
- Digital healthcare platform Vezeeta is rolling out a new SaaS product dubbed “Vezeeta-in-a-Box” (pdf) that allows healthcare providers to make real-time bookings, order medication and coordinate telehealth services.
- The government will provide artificial intelligence training in Arabic under an MoU signed between the Communications Ministry and the National University of Singapore’s AI Singapore center.
- The Red Sea National Refining and Petrochemicals Company signed an agreement with French company Axens to carry out engineering works at the former’s petrochemical complex in the Ain Sokhna industrial zone. Red Sea and the Suez Canal Economic Zone signed a USD 7.5 bn agreement for the project in May.