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Banking

Egyptians are more aware of e-payment options, mobile wallet transaction value up 161%

Mobile wallets are becoming more popular as the number of transactions using mobile wallets have more than doubled annually, hitting 212 million transactions

Federation of Egyptian Banks welcomes QNB and Ahli United Bank CEOs to BoD

The FEB announced that CEO of QNB Al Ahli Bank Mohamed Badir and CEO of Ahli United Bank Hala Hatem Sadik will be joining the federation’s board of directors

Egypt named MENA’s most budget-transparent country by Global Barometer data

On the availability of budget and spend data, Egypt ranked 2nd with 36 points below Oman which recorded 46 points and above Saudi Arabia at 30 points

Islamic Banking up by 14.6% in March 2021 | Association for Islamic Finance

In terms of the issuance of the state’s first sovereign sukuk bonds, El-Baltagy expects Egypt to launch it by the end of Q2 of this year

Saudi Sovereign Wealth Fund could be looking to acquire United Bank

This isn’t the first time that an international fund has been interested in UB, with an American investment fund revealed to have begun negotiations back in April 2019 by the Central Bank of Egypt