EFG Hermes delivered a second consecutive quarter of stellar performances across its operations and recorded a 20% Y-o-Y increase in revenues in 2Q21

The Group’s bottom-line maintained its upward trajectory and booked a solid 24% Y-o-Y increase to EGP 406 million in 2Q21 EFG Hermes, the leading financial services corporation in Frontier Emerging Markets (FEM), reported today its second quarter results for 2021. EFG Hermes’ revenues grew by 20% Y-o-Y to EGP 1.6 billion in 2Q21, driven by an outstanding performance from the Investment Bank and the NBFIs platform, delivering a solid 66% Y-o-Y increase in revenues from fees and commissions to EGP 1.1 billion in 2Q21. “Our second quarter results showcase EFG Hermes’ ability to swiftly capitalize on improved market conditions and … Continue reading EFG Hermes delivered a second consecutive quarter of stellar performances across its operations and recorded a 20% Y-o-Y increase in revenues in 2Q21

Adyen expands its acquiring offering to the United Arab Emirates

ADYEN (AMS:ADYEN), the payments platform of choice for many of the world’s leading companies, today announced the expansion of its local acquiring services to include the United Arab Emirates (UAE), illustrating its commitment to the Middle East region. With acquiring capabilities in the UAE, Adyen provides both domestic and international businesses with an improved payments solution, allowing for higher authorization rates and improved shopper flows with less friction. Among the first merchants benefitting from Adyen’s acquiring offering are Foodics, Fabergé and HMSHost. In the UAE, Adyen supports businesses with the same range of products and features as in other regions, … Continue reading Adyen expands its acquiring offering to the United Arab Emirates

Caring About Investments As An Entrepreneur – More Financial Security To Your Entrepreneurial Efforts

Dr Sanjay Tolani, MD & CEO, Goodwill World. Are you an aspiring entrepreneur or someone who recently started their business? These smart decisions can help you seize growth opportunities and unlock success. Business owners sometimes find themselves in situations where they’re not in complete control; instead, they feel controlled by their finances which they are holding. As a business owner of a publicly listed organization, I have realized how vital it is to care about your investments and what a game-changer that can be towards providing you with higher financial security. Having an exit plan is another vital move, one … Continue reading Caring About Investments As An Entrepreneur – More Financial Security To Your Entrepreneurial Efforts

Aafaq Islamic Finance partners with The Social Loan Company to drive financial inclusion

Alliance to set up AI-powered financial wellness platform in the MENA region The Social Loan Company (TSLC), a Singapore-based AI/ML-powered cutting-edge big data-driven credit enablement platform company, has forged a transformational partnership with Aafaq Islamic Finance to set up a trend-setting non-bank, mobile-first loan platform to deliver financial access to the underserved young digital natives in the MENA region. At a press conference at The Waldorf Astoria Dubai International Financial Centre, the two parties announced plans to launch the industry-leading platform across chosen markets in the region to deliver appropriate, affordable, accessible and differentiated financial solutions to drive the inclusion … Continue reading Aafaq Islamic Finance partners with The Social Loan Company to drive financial inclusion