Three Egyptian state-run banks setting up $85mln fintech fund for innovation

Egypt’s three biggest state-owned banks are setting up an $85 million financial technology fund that aims to accelerate innovation in the sector, Reuters reports citing venture capital firm Global Ventures, a partner in the fund. Global Ventures, which focuses on Read more

Abu Dhabi-headquartered ADCB receives offer of $41.4m to relinquish control of Egypt-based Alexandria Medical Services Company

Abu Dhabi-based commercial bank, ADCB, has received an offer to sell its majority stakes in Alexandria Medical Services Company, a public shareholding company engaged in the provision of medical diagnostic and treatment services in various medical fields, headquartered in Egypt. Read more