Ahmed Sharaf – Page 18

Mastercard ventures into African fintech with $5.2bn

Leave a Comment / News / By Ahmed Sharaf

Mastercard has acquired a minority stake in MTN Group’s African fintech subsidiary, valued at $5.2 billion. MTN strategically leveraged Mastercard’s technology for payments and remittance expansion in Africa. MTN shares surged by 10% post-announcement, reflecting the significant collaboration in the booming African fintech sector. Mastercard Inc. is making waves in African fintech by acquiring a …

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Abu Dhabi fund sign $500 mln deal to supply wheat to Egypt

Leave a Comment / Economy / By Ahmed Sharaf

UAE-based agribusiness Al Dahra and the Abu Dhabi Exports Office (ADEX) have signed a $500 million deal to supply Egypt with wheat, a statement said on Monday. The five-year agreement, worth $100 million per year, will provide Egypt with imported milling wheat “at competitive prices”. Egypt, a major buyer of basic commodities, has been suffering …

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The Orange Digital Centre in Egypt Wins Global Business Outlook Award for Best Research Center

Leave a Comment / Tech & Science / By Ahmed Sharaf

The Orange Digital Centre (ODC) in Egypt has been honored with the prestigious Global Business Outlook Award for 2023 as the best research center in the ICT sector that supports innovation in startups. This recognition highlights the ODC’s significant contributions to the Egyptian entrepreneurial sector and Orange Egypt’s pioneering efforts in promoting digital transformation and …

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37.5% growth in e-finance revenues during the first half of 2023

Leave a Comment / All, News / By Ahmed Sharaf

e-finance for Digital and Financial Investments S.A.E. (“e-finance”, or the “Group”, EFIH.CA on the Egyptian Exchange), a leading technology-focused investment firm in Egypt, announced today its standalone and consolidated results for the six-month period ended 30 June 2023. The Group’s consolidated revenues increased by 37.5% y-o-y to EGP 1,735.4 million driven by broad-based growth across …

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Huawei reports 2H 2023 results at $43 billion in revenue

Leave a Comment / Tech & Science / By Ahmed Sharaf

Huawei announced its business results for the first half of 2023 today. Overall performance was in line with the forecast. In 2023 H1, Huawei generated around USD 42.9 billion in revenue, with a year-on-year increase of 3.1% and a net profit margin of 15.0%. The company’s ICT infrastructure business contributed USD 23.05 billion, its consumer …

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Banque Misr is crowned with two awards for the best bank in the field of corporate credit and social responsibility for the year 2023

Leave a Comment / All, Economy / By Ahmed Sharaf

Banque Misr was recently awarded the best bank in the field of corporate credit in Egypt for the year 2023 (Best Corporate Bank-Egypt), and the best bank in the field of social responsibility in Egypt for the year 2023 (Best CSR Bank – Egypt) from the International Finance Magazine ( International Finance Magazine), and it …

Banque Misr is crowned with two awards for the best bank in the field of corporate credit and social responsibility for the year 2023 Read More »

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Author name: Ahmed Sharaf

Mastercard ventures into African fintech with $5.2bn

Abu Dhabi fund sign $500 mln deal to supply wheat to Egypt

The Orange Digital Centre in Egypt Wins Global Business Outlook Award for Best Research Center

37.5% growth in e-finance revenues during the first half of 2023

Huawei reports 2H 2023 results at $43 billion in revenue

Banque Misr is crowned with two awards for the best bank in the field of corporate credit and social responsibility for the year 2023

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