salame_haftar

New payment methods, incl. BNPL, in Africa set to continue with strong growth

The global daily value of mobile money transactions in 2022 surpassed forecasts to hit $3.45 trillion, according to a latest mobile money industry report, while in East Africa, the number of transactions grew by 18%. The report by Global Systems for Mobile Communications Association (GSMA) also shows that in 2022 the total value transacted on […]

Preparations for upcoming Arab summit discussed by Bahraini, Moroccan Foreign Minister

Preparations for the upcoming Arab summit scheduled to be hosted by Bahrain this May were discussed at a meeting held in Rabat Tuesday between visiting Bahraini Foreign Minister Abdullatif bin Rashid Al Zayani and his Moroccan peer Nasser Bourita. Bahrain will host the 33rd Arab summit May 14 – 16. The Bahraini official’s visit to […]

Egypt: Riyadh offers $1.5 Billion to Finance Projects in Sinai

Cairo announced Sunday it received $1.5 billion from Saudi Arabia earmarked for development projects in underprivileged Sinai. The Saudi kingdom has already donated Egypt several billion dollars destined to shore up Egyptian battered economy and finance. The new amount, donated by the Saudi Development Fund, will finance the building of a university, 26 residential complexes, […]