BANKING

26 Sep 2017

Eurisko Mobility Adds AI Bots to its Digital Experience Platform for Banks & Financial Institutions

In exciting news for both financial institutions and their customers, Lebanon-based mobile development leader Eurisko Mobility recently announced the addition of Artificial Intelligence Bots to its Digital Experience Platform (DXP), a cutting-edge"...

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25 Sep 2017

PM announces reshuffle of state-owned bank leaders within hours

Prime Minister Sherif Ismail and Central Bank of Egypt (CBE) Governor Tarek Amer have decided on 90% of the reshuffle set to take place in the leaders of public banks, where Ismail is set to announce the full list within hours.

The"...

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24 Sep 2017

Central bank aims to lower inflation rate to 27%

A report by the Central Bank’s Monetary Policy Committee on developments in the Egyptian economy and future vision showed that the central bank aims to reduce annual inflation rate by 5% to 27% in December compared with 31.9% at the end of August.

The recent report indicated"...

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24 Sep 2017

Japanese Budget Smart Phone Maker, FREETEL enters to Egypt, Fifth Market in Middle East & Africa

Plus One Global, the Tokyo-based maker and seller of the FREETEL brand of budget smartphones, starts it’s sail in Egyptian Market in partnership with Egypt's largest smart phone distributor, MTI Group (www.mti-mmgroup.com), on a new voyage"...

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22 Sep 2017

Triaconta Announces a New Safe Way to Invest in Cryptocurrencies

(AETOS Wire)-- Triaconta wants to minimize the risks of investing in cryptocurrencies with Combicoin to make the cryptocurrency market accessible for a larger audience. CombiCoin is 100% asset backed by the top 30 cryptocurrencies with the highest market cap. Because of this the CombiCoin will not suddenly plunge and investors will have less risks when there are major fluctuations. There are over 1000 cryptocurrencies on the market and together they represent a value of 130 billion USD. However, all these coins are very volatile. For example,......

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21 Sep 2017

OT-Morpho Launches with CMBC the First Payment Card Featuring MOTION CODETM Dynamic CVV2 in China

  • High-tech powered card with dynamic security code (CVV2) that changes automatically every hour, displayed on embedded mini-screen
  • A solution with no impact on cardholder journey for safer online transactions: if stolen, this dynamic data becomes rapidly unusable
  • CMBC is the first bank to launch MOTION CODETM in Asia, featured on...

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21 Sep 2017

The Listing of Money Trade Coin on Cryptocurrency Exchange and the Rising Promise of a New Era in Dubai

MONEY TRADE COIN, the new age cryptocurrency, dazzled its investors’ expectations by listing on NovaExchange. Immediate trading began post the launch by Money Trade Coin’s founder and CEO,"...

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19 Sep 2017

CI Capital: Egypt set to cut rates soon

Egypt’s central bank is widely expected to bring interest rates down in the coming period, according to investment bank CI Capital’s chief executive Hazem Badran.

Lower interest rates should help Egypt"...

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19 Sep 2017

AAIB bank, SANAD team up to launch microfinance firm in Egypt

Egypt’s Arab African International Bank (AAIB) and SANAD Fund for MSMEs, are joining to launch a microfinancing company by next January, banking sources with knowledge said Monday.

AAIB and SANAD will raise"...

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18 Sep 2017

7 lenders to secure $97 m for railway authority

A banking alliance encompassing 7 lenders is prepared to sign USD 97mn financing agreement in favor of Egypt’s railway authority to be able to open letters of credit to purchase 100 locomotives.

The syndicated loan duration is 10 years including one-year grace period,"...

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