AGP Executive Report
Last update: 9 hours agoSaudi FinTech: Ejari expanded its Sharia-compliant rental-financing facility to $50 million, supporting its pay-monthly model and planned move into commercial leasing. Egyptian Finance: Remittances reached $13 billion in the first quarter of the fiscal year, up 20.4% year on year; the Central Bank said nine-month inflows hit a record $38.2 billion. Digital Banking: Revolut was awarded a licence to establish a bank in Israel, while EgyptTrust plans to add Facephi fraud detection to its e-signature platform. SME Funding: The UAE ranked first globally for financial support to small businesses. Regional Investment: Alcazar closed $436 million in financing for Egyptian wind projects, and Abu Dhabi’s First Abu Dhabi Bank acquired Bahrain-based financial administrator Yasira Financial.
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