U Consumer Finance (valU) has renewed its collaboration with Amazon.eg to expand its seamless financing programs and enhance the shopping experience for customers across Egypt

Egyptian Gulf Bank (EG Bank) has teamed up with Mastercard to boost financial accessibility, expand digital payment adoption, and provide affluent individuals with new segments to the bank’s card portfolio

Beltone Financial Holding reported a 1,218.15% year-on-year (YoY) surge in consolidated net profits attributable to the parent company for the first nine months of 2024.

GlobalCorp Group, a prominent Egyptian non-banking financial services provider, has raised its paid-in capital by EGP 800 million to EGP 1.4 billion from EGP 600 million.

The UK-based British International Investment (BII) is planning to invest $100 to $200 million in Egypt’s financial sector in 2024.

The banking sector, the main component of the Egyptian financial system, was able to maintain a strong and resilient performance during the past few years that were characterized by local and global economic instabilities.

The Central Bank of Egypt (CBE) and the London Institute of Banking and Finance (LIBF) signed a memorandum of understanding (MoU) to improve the efficiency of the Egyptian banking and financial services sector.

The non-banking financial sector is a fast-growing and promising market in Egypt. However, the sector has been dealing with great pressure recently after the multiple increases in interest rates. Overall, while the non-banking financial sector in Egypt faces challenges, it is also growing and showing promise. That is why Arab Finance interviewed Ahmed El Kholy, Managing Director at Easy Lease, one of the growing successes in the non-banking financial sector. He discussed the company’s tailored services, future plans, and financial achievements.

Modern Development and Investment Company is considering the possibility of establishing US dollar investment funds in various sectors, including the real estate, industry, agriculture, education, and renewable energy