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Contact Financial Holding and e& money Announce Strategic Partnership to Transform Digital Finance in the Region

  Contact Financial Holding and e& money have announced a groundbreaking strategic partnership during the 45th GITEX Dubai, aiming to revolutionize the digital finance experience across Egypt and the Middle East. This first-of-its-kind collaboration will integrate Contact’s financing solutions directly into the “My e&” and “e& money” mobile apps, enabling customers to access seamless, AI-powered digital financing. The partnership introduces innovative features such as instant credit approvals, flexible repayment plans of up to 60 months, and advanced AI-driven credit scoring…

With a Contribution of EGP 20 million from Al Baraka Bank… Al Baraka Bank Egypt & Elsewedy University of Technology (SUTech) – Polytechnic of Egypt Sign A Memorandum of Understanding to Support Students in Need

● Hazem Hegazy: By covering the tuition costs for 104 students, Al Baraka Bank aims to prepare highly qualified professionals for the job market.   ● Ahmed Elsewedy: Through our collaboration with Al Baraka Bank Egypt, we provide students with broader opportunities to achieve their ambitions, ensuring equal opportunities and equality for all. Al Baraka Bank Egypt and Elsewedy University of Technology(SUTech) – Polytechnic of Egypt have announced the signing of a memorandum of understanding (MOU) aimed at providing partial…

Visa Collaborates with intella to Bring Groundbreaking Arabic Conversational AI to Financial Institutions Across MENA

intella, the deep-tech leader in Arabic-first speech intelligence, and Visa, a world leader in payments technology, have joined forces in a dynamic, collaboration-driven initiative to revolutionize conversational AI for financial institutions across the Middle East and North Africa. This strategic partnership goes beyond conventional models, to co-developing innovative solutions that reflect the complexity and richness of the region’s linguistic landscape—supporting over 25 distinct Arabic dialects. The partnership directly addresses a critical "Intelligence Gap" that generic AI solutions cannot solve. This…

ITIDA Expands Tech Job Drive to Egypt’s Tier-2 Cities with Beni Suef Employment Fair

The Information Technology Industry Development Agency (ITIDA) is extending Egypt’s mature IT and offshoring industry beyond Cairo, staging its 18th employment fair at the Digital Egypt Innovation Hub (CREATIVA) in Beni Suef’s technology park. The initiative reflects ITIDA’s strategy to bring job opportunities closer to youth in tier-2 cities, connect skilled talent with leading employers, and reinforce Egypt’s position as a global hub for IT and business services. The fair brought together 11 local and international companies, offering more than…

EFG Hermes Advises Vision Invest on Landmark Capital Raise in Arise Integrated Industrial Platforms  

  EFG Hermes, an EFG Holding company and the leading investment bank in the Middle East and North Africa (MENA) region, announced today that it acted as a financial advisor to Vision Invest on its landmark investment in Arise Integrated Industrial Platforms (Arise), one of Africa’s largest private infrastructure transactions to date. The transaction, which involved a total capital raise of USD 700 million, welcomed Vision Invest, a leading Saudi Arabian investor and developer of infrastructure assets, into Arise’s shareholder…

EFG Hermes Successfully Concludes Advisory as Listing and Financial Advisor to Orascom Construction on its Listing on ADX

  EFG Hermes, an EFG Holding company and the leading investment bank in the Middle East and North Africa (MENA) region, announced today that it has successfully concluded advisory for its role as listing and financial advisor to Orascom Construction PLC on its listing on the Abu Dhabi Securities Exchange (ADX). The trading of Orascom Construction’s shares commenced today on ADX under the ticker “ORAS” with a market capitalization of USD 905 million. Orascom Construction’s secondary listing on the Egyptian…

2B Expands Regionally with Morocco Opening, Reinforces Commitment to Egypt Market

 – 2B, the leading technology and IT solutions provider, has officially opened its first store in Casablanca, Morocco. The launch marks a major step in the company’s regional expansion and its mission to deliver world-class technology solutions across North Africa. The new Moroccan branch will offer customers the latest electronics and IT products, supported by expert advice, in-store availability, and the convenience of online browsing. With this opening, 2B continues to strengthen its presence in the region and expand opportunities…

Al Ahli Bank of Kuwait-Egypt collaborates with Egyptian Food Bank to support farmers & their families in Al Minya Governorate

 With an innate understanding of the crucial impact of corporate citizenship in the development of local communities and in line with the Bank’s Corporate Social Responsibility (CSR) agenda, Al Ahli Bank of Kuwait-Egypt (ABK-Egypt) partners with the Egyptian Food Bank to support Egyptian farmers and their families in Al Minya Governorate. This partnership comes as part of the Bank’s ongoing efforts to support Egyptian families and serve the most vulnerable communities through securing food supply to alleviate hunger.   ABK-Egypt…

EFG Holding Preserves Growth Momentum, Demonstrating Resilient Performance in the Second Quarter Results of 2025

    EFG Holding, a financial institution with a universal bank in Egypt and the leading investment bank in the Middle East and North Africa (MENA), announced today its results for the second quarter of 2025. The Group’s revenues recorded a 21% Y-o-Y increase to reach EGP 6.1 billion, driven by strong results across all business lines, particularly EFG Finance, its non-bank financial institutions (NBFI) platform, and Bank NXT, its commercial bank. The Group’s total operating expenses (including provisions &…

Egypt’s Economic Outlook Remains Resilient Amid Global Headwinds, Says Standard Chartered

     Amidst global shifts particularly in the United States, China and the Euro-area, Egypt’s economic outlook remains robust, characterised by sustained macroeconomic stability, according to Standard Chartered’s (“the Bank”) latest report, Global Focus – Economic Outlook H2-2025. Strong foreign exchange inflows from portfolio investments and official sectors are bolstering confidence in the Egyptian pound (EGP). Significant investment pledges from Qatar and Kuwait, totaling USD 12.5 billion, are expected to be at least 50% disbursed by year-end. Despite the Central…