FINANCIAL SERVICES

North Africa

Egyptian fintech startups secure $167mln financing in H1 2022

GCC

Saudi Arabia offers $13bln lifeline for banks to ease liquidity crunch: report

Real Estate

DGDA seals finance deal with Al Rajhi Bank

Global

Banking body BIS urges decisive wave of global rate hikes to stem inflation

Energy

Egypt launches digital system to manage fuel supply in cooperation with e-finance

North Africa

Current interest rates depend on expected inflation rates, not prevailing ones: Egypt

Equities

Indian shares post first weekly gain in three on banking, auto boost

Hospitality

Misr Hotels repays $20.39mln of NBE's loan, unveils estimated profits

Fintech

Geidea partners with Nayifat to offer POS solutions

GCC

UAE entities should register GCC employees in pension, insurance system: GPSSA

BRI

China Construction Bank, Singapore’s ADDX to partner on China offshore investments

Banking & Insurance

Awris picks GBM Bahrain for digital transformation

Fintech

Saudi Arabia aims to increase digital transactions to 70% by 2025

Banking & Insurance

Salama, Wellx to offer hyper-personalised health insurance

Fintech

Backbase seals partnership with Bahrain FinTech Bay

Equities

Qatar First Bank to fund consortium's 10.8% stake buy in Ennismore

Global

Fed to lift rates by 75 basis points in July, 50bps in September

Levant

Lebanon banks association calls IMF draft agreement 'unlawful' in letter

Fixed Income

EFG Hermes closes Bedaya Mortgage Finance’s first securitization issue

Banking & Insurance

Major insurance accord signed in Bahrain

Banking & Insurance

Chedid Capital's unit obtains license to start operating in Egypt

Equities

Banque du Caire invests $82mln in Afreximbank's capital raise

Real Estate

Sumou Real Estate secures $13.33mln loan from Riyadh Bank

Banking & Insurance

National Bank of Bahrain seals auto finance agreement with Euro Motors

GCC

AI could unlock significant economic impact in MENA region

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