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War in Ukraine - Economy
8/11/2022 11:22:47 AM
Ukraine's lenders agreed to a pause for the payment of its $20 billion (19.4 billion euro) debt, as its economy has been severely impacted by Russia's invasion, the prime minister said.

Business - Tech
8/10/2022 6:13:36 PM
UAE-based GrubTech, which is a cloud kitchen and restaurant tech solutions provider, signed an agreement with Geidea, a e-payments and fintech platform, to provide services for the POSs of GrubTech’s clients.

War in Ukraine - Economy
8/10/2022 3:13:07 PM
Oil shipments from Russia through a critical pipeline to several European countries should resume soon after a problem over payments for the transit was resolved, Slovakia's economy minister said on Wednesday.

War in Ukraine - Economy
8/9/2022 8:09:43 PM
The supply of Russian oil to three European countries through Ukraine has been halted as the transit payment cannot be processed due to sanctions, Russian firm Transneft said Tuesday.

Business - Markets & Companies
8/8/2022 1:32:35 PM
Contact Factoring, a subsidiary of Contact Financial Holding and a non-banking financial services provider in Egypt, signed an agreement for EGP 125 million with OneOrder, an online one-stop shop that provides food supplies to hotels, restaurants, and coffee shops.

Business - Tech
8/7/2022 3:14:46 PM
Egyptians increased their use of at least one digital payment method in 2022, including digital cards, SMS payments, digital money transfer apps and instant payment services, according to Mastercard’s New Payment Index 2022 report.

Business - Economy
8/4/2022 6:53:31 PM
The performance of the balance of payments (BOP) is stable during the nine months from July 2021 to March 2022, the Central Bank of Egypt (CBE) has announced.

Business - Markets & Companies
7/19/2022 1:35:06 PM
Bahrain-based Arab Financial Services (AFS), a digital payment solutions provider and fintech enabler covering the Middle East and Africa, plans to expand its payments footprint in the Egyptian market through the establishment of its Egypt hub, the company announced on Tuesday.

Sports - World
7/19/2022 12:31:12 PM
Swiss state prosecutors confirmed on Tuesday they have started the appeal process against the acquittal of former football chiefs Sepp Blatter and Michel Platini over a suspected fraudulent payment.

Sports - World
7/8/2022 12:55:58 PM
Sepp Blatter and Michel Platini, once the chiefs of world and European football, were acquitted Friday over a suspected fraudulent payment that shook the sport and torpedoed their time at the top.

Sports - World
7/5/2022 7:36:54 PM
Soccer players have been cautioned by their trades union about joining clubs in China, Saudi Arabia and Turkey among countries with ``systematic and widespread contractual violations.''

War in Ukraine - Economy
6/28/2022 11:25:10 AM
Moody's ratings agency has confirmed that Russia defaulted on its foreign debt for the first time in a century, after bond holders did not receive $100 million in interest payments.

War in Ukraine - Economy
6/23/2022 4:08:21 PM
Russia has made two interest payments on dollar-denominated debt in rubles, the country's finance ministry said Thursday, as Moscow faces the risk of an external debt default.

Al-Ahram Weekly - Economy
6/2/2022 6:56:00 PM
The government is working towards digitising pension payments.

Al-Ahram Weekly - Economy
5/31/2022 10:12:52 PM
The government is working towards digitising pension payments, reports Nahla Abul Ezz

War in Ukraine - Economy
5/30/2022 3:38:49 PM
Russia said Monday it may use an arrangement similar to that used for payments for its gas supplies to pay its dollar-denominated foreign debts.

War in Ukraine - Economy
5/25/2022 3:45:32 PM
Russia said Wednesday that it will start paying its foreign debt in rubles after the United States ended an exemption allowing Moscow to make the payments in dollars held in Russia.

War in Ukraine - Economy
5/17/2022 8:43:29 PM
Italian energy giant Eni said Tuesday it was opening accounts in euros and in rubles to fulfil payments due imminently for the supply of Russian gas, thus complying with Moscow's demands.

Business - Economy
5/15/2022 2:04:17 PM
The Central Bank of Egypt (CBE), in collaboration with the Ministry of Finance, has replaced 4.1 out of 4.3 million payroll slips for state-employees with Meeza cards, the bank announced on Sunday.

Business - Markets & Companies
4/21/2022 5:15:25 PM
The revenues for Egypt-based e-payment platform Fawry climbed by 34.3 percent in 2021 to reach EGP 1.6 billion, with a growth in profit valued at EGP 932 million, an increase of 39.6 percent, according to the company’s financial statement released on Thursday.

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