West Bank

BUNA forges strategic partnership with Mastercard to boost MENA payments

Buna, the Arab Regional Payment System, has forged a strategic partnership with the global payments technology provider Mastercard in a move to enhance cross-border payments in the Middle East and North Africa (MENA) region, offering faster, more transparent, and cost-effective transactions for businesses and consumers. This private-public collaboration aims to reduce friction in cross-border payments […]

Int. airlines promised to receive some of their funds trapped in Nigeria

The Central Bank of Nigeria said (26 August) it has made US$ 265 million available for release to international airlines shortly after the Dubai-based Emirates airline announced that it has put a hold on flight operations in and out of Nigeria due to its inability to repatriate funds from the West African country. The money […]

Nokia to build IoT infrastructure for Egypt

Egypt’s telecom company, Telecom Egypt has tasked Nokia International to build the country’s Internet of Things (IoT) infrastructure expected to spur improvement of businesses. The deal signed between Adel Hamed, managing director and CEO of Telecom Egypt, and Henrik Fall, head of cloud services and networks in the Middle East and Africa at Nokia, will […]