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Wednesday, 22 September 2021

JTI proposes new changes for tobacco license

Japan Tobacco International (JTI) is still lobbying to amend the contentious tender to offer additional licenses to sell tobacco products, proposing that either the government separates e-cigarettes from traditional cigarettes — as we reported last month — or offer multiple licenses, Al Mal reports.

Other things we’re keeping an eye on this morning:

  • CIB has signed a five-year partnership agreement with Visa to support SMEs by offering Visa banking services to CIB’s SME clients, Hapi Journal reports citing a statement from the bank.
  • The National Bank of Egypt (NBE) has received a license to accept payments through its mobile application “Tap on Phone,” the bank announced in a statement (pdf). This will allow suppliers to use the application to collect payments, instead of the traditional electronic point of sale methods
  • Egyptians living and working abroad could soon have access to a new life ins. policy, to be developed by the Immigration Ministry, the Financial Regulatory Authority, and the Ins. Federation of Egypt under the terms of an MoU. A EGP 100k ins. policy will have a EGP 100 annual premium.

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