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Thursday, 16 February 2023

Mashreq Bank gets Euromoney kudos + Axa, Tamweely, Intella get gongs

Our friends at Gulf lender Mashreq Bank were named market leader in the UAE in Euromoney’s 2023 Trade Finance Survey for the third year running, according to a company press release (pdf). Mashreq also topped the best service category in Bahrain, Kuwait, Qatar, and Bangladesh, and was second in Egypt behind Banque Misr.

Axa Egypt was named the best North African insurer at the 2023 MENA IR Awards, an annual award ceremony recognizing ins. Providers in the MENA region, it said in a press release (pdf).

Cairo-based market research firm Intella won first place in the Startup World Cup regional competition allowing it to compete in the competition’s grand finale in Silicon Valley for a prize of USD 1 mn on 1 December 2023, according to a company press release (pdf). The competition runs 70+ regional events across the globe where startups of all sizes compete for a place in the global final. Intella previously secured USD 1 mn in seed funding led by Hala Ventures.

Microfinance outfit Tamweely won the International Business Magazine’s award for the best microfinance business in Egypt and the International Finance Awards for being the fastest growing microfinance firm in Egypt, the company said in a statement (pdf).

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