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Tuesday, 28 February 2023

Cross-border payments, bill payments are getting easier for Egyptians in the UAE thanks to Fawry + Botim


Fawry + Botim collab to help Egyptians in UAE to make cross-border payments, pay bills: Local e-payments giant Fawry and Gulf voice-calling app Botim are partnering to allow Egyptian expats residing in the UAE to pay bills and send home remittances, according to a joint press release (pdf). Users will be able to make money transfers or pay invoices due in Egypt — including utility bills, school and university fees, and medical and social ins. — through the Botim app. Botim was acquired by Emirati firm Astra Tech last month.


Temry Chicken will build an EGP 150 mn poultry factory in Sharqiya Governorate, that will produce 300 tons of chicken per month, company head Mahmoud Al Anani was quoted as telling Al Mal. Construction will begin by the end of this year, with plans for the factory to start operations by the beginning of 2025, Al Anani said.


Farmers will now be able to get loans via e-Finance: State-owned tech company e-Finance has obtained the central bank’s approval to provide financing to farmers via the Agriculture Ministry’s smart farmers card, Al Borsa reported, citing statements by Chairman Ibrahim Sarhan. He said farmers will be able to receive loans guaranteed by their agricultural holdings through the card, which is issued by e-Finance on behalf of the Agricultural Bank of Egypt.

Integrating agriculture: The card allows farmers to receive subsidized fertilizers, access agricultural data, and make digital payments and purchases.


To space via China: Egypt has launched its Horus 1 satellite, which is equipped with a high-resolution camera, from a Chinese launch site, Egyptian Space Agency CEO Sherif Sedky said in a televised interview last week (watch runtime: 5:27).

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