2024-12-18@22:25:09 GMT
إجمالي نتائج البحث: 37
«and financial»:
EFG Hermes، an EFG Holding company and the leading investment bank in the Middle East and North Africa (MENA) region، announced today that its investment banking division had completed advisory for an EGP 370 million working capital facility for Sylndr، Egypt’s leading online used cars player. The innovative structure of this transaction stands as Egypt’s first asset-backed working capital solution tailored specifically to the unique dynamics of Sylndr’s business model. This milestone highlights the commitment of Egypt’s banking sector to empowering startups and SMEs with creative، scalable financial solutions. Sylndr is leveraging this financing facility to support its ambitious growth strategy and enhance its operational efficiency and scalability while solidifying its commitment to revolutionizing Egypt’s automotive industry. The transaction has been carefully...
EFG Hermes، an EFG Holding company and the leading Investment Bank in the Middle East and North Africa (MENA)، announced today that it has finalized the 12th securitized bond issuance worth EGP 667.3 million for Valu، MENA’s leading universal financial technology powerhouse. The issuance is the second under the newly approved securitization program، which is worth a total of EGP 16.0 billion. The bond is backed by a receivables portfolio assigned to EFG for Securitization، the issuance’s special purpose vehicle (SPV)، and is comprised of two tranches: • Tranche A – Valued at EGP 413.7 million، with a 6-month bond، a Prime 1 (sf) rating، and a fixed interest rate.• Tranche B – Valued at EGP 253.6 million، with a 12-month bond،...
عقد اتحاد شركات الاستثمار، من خلال ذراعه التدريبي – مركز دراسات الاستثمار، برنامجاً تدريبياً بعنوان : PMP for Banking and Financial Servicesخلال الفترة 29 – 31 أكتوبر 2024 في مقر الاتحاد. وبهذه المناسبة، صرّحت السيدة/ فدوى درويش – أمين عام الاتحاد، أنه وفي ظل تسارع وتيرة التطور التكنولوجي والتحولات السريعة في ساحة الأعمال، تتزايد أهمية إدارة المشاريع كركيزة أساسية في نجاح المؤسسات، حيث تسهم في تنظيم الموارد، وضمان تنفيذ الأهداف بكفاءة وفاعلية، وتساعد على توجيه المشاريع نحو تحقيق نتائج متميزة، مما يعزز من قدرة المؤسسات على التنافس والنمو المستدام في بيئات العمل المتغيرة. لذا تم تصميم هذا البرنامج التدريبي خصيصاً لتلبية احتياجات قطاعي الخدمات المالية والمصرفية، بهدف إكساب المشاركين معارف متعمقة ومهارات عملية متقدمة في إدارة المشاريع، تتضمن مراحل أساسية...
Valu، MENA’s leading universal financial technology powerhouse، announced today a partnership with Flash، an Egyptian cashless payments Fintech company، which provides QR code – based payments solutions as an aggregator، to enhance the digital payment experience for customers and merchants in Egypt. This collaboration aims to streamline transactions and improve convenience by enabling Valu to be one of the payment solutions across Flash’s merchant network. Users can now pay for shipments with Valu both on delivery and in the app، as well as order from F&B vendors or any other industry using Valu as a payment method in store and on delivery. Flash allows customers to make on-the-spot payments effortlessly using their phones، enabling merchants to accept payments digitally without having...
In a strategic move to redefine its position in Egypt’s commercial banking sector، aiBANK proudly announced a comprehensive rebranding، unveiling its new brand name and identity as Bank NXT. Motivated by a commitment to continuously adapt to meet the evolving needs of its diverse clientele، Bank NXT is embarking on a transformative journey to provide timely and accessible financial solutions. The Bank aspires to continue investing in its human capital and digital infrastructure to cater to its clients’ needs and fulfill its shareholders’ ambitions، in addition to boosting its competitive edge by providing optimized، quick، and distinctive services. Through the strategic rebrand، the Bank is committed to streamlining a customized client experience. H.E. Dr. Rania Al-Mashat، Minister of Planning، Economic...
Valu، MENA’s leading universal financial technology powerhouse، announced today that it has finalized its 11th securitized bond issuance worth EGP 1،091.9 million. The issuance is the first under the newly approved securitization program worth a total of EGP 16 billion. The bond is backed by a receivables portfolio assigned to EFG for Securitization، the issuance’s special purpose vehicle (SPV)، and is comprised of two tranches: • Tranche A – Valued at 676.98 million، with a 6-month bond tenor، a Prime 1 (sf) rating، and a fixed interest rate. • Tranche B – Valued at EGP 414.92 million، with a 12-month bond tenor، a Prime 2 (sf) rating، and a fixed interest rate. Shokry Bidair، CFO of Valu، commented، “Finalizing this bond marks a pivotal...
Tanmeyah، a subsidiary of EFG Holding and a leading provider of financial services in Egypt with a concerted focus on micro and small enterprise segments، has entered a strategic certification agreement with COFICERT France to attain the prestigious AML 30000 certification. This international standard represents the pinnacle of anti-money laundering (AML) and counter-terrorism financing (CTF) compliance. It also serves as a valuable complement to government regulation، fostering a more secure and resilient financial ecosystem both domestically and internationally. With the backing of the International Group for Sustainable Finance (IGSF)، this agreement will enable Tanmeyah to solidify its position in the microfinance sector in the region. This milestone will not only enhance Tanmeyah's robust AML/CTF framework but also reinforce its commitment to ethical and responsible financial practices.Microfinance institutions serve as vital bridges between the private sector and civil society، empowering individuals and...
EFG Hermes acted as the sole financial advisor on the transaction، which is set to create a new powerhouse in the Saudi auto industry.Riyadh، July 21، 2024EFG Hermes، an EFG Holding Company and the leading investment bank in the Middle East and North Africa (MENA)،announced today that its investment banking division successfully completed advisory for United International Transportation Company، or Budget Saudi’s USD 121 million acquisition of Al-Jazira Equipment Company، known as AutoWorld، a SEDCO Holding-owned vehicle leasing company.EFG Hermes was appointed as the sole financial advisor on the transaction by Budget Saudi.Budget Saudi is acquiring 100% of AutoWorld by issuing 7.0million new shares to its owner، SEDCO Holding، one of the leading Saudi family offices and institutional investors. The...
Valu، MENA’s leading universal financial technology powerhouse، announced today that it has closed its 10th securitized bond issuance worth EGP 1.2 billion. The issuance is part of the approved extended securitization program worth EGP 9.0 billion. The bond is backed by a receivables portfolio assigned to EFG for Securitization، the issuance’s special purpose vehicle (SPV)، and is comprised of two tranches: Tranche A – Valued at EGP 691.6 million، with a 6-month bond tenor، a Prime 1 (sf) rating، and a fixed interest rate. Tranche B – Valued at EGP 461.0 million، with a 12-month bond tenor، a Prime 2 (sf) rating، and a fixed interest rate. Shokry Bidair، CFO of Valu، said، “This milestone marks a significant step in our growth journey، showcasing our ability...
The agreement reflects Valu’s commitment to expanding its service offering to foster affordable healthcare Valu، MENA’s leading universal financial technology powerhouse، has announced a collaboration with Alameda Healthcare Group (Alameda) to avail Valu’s flexible payment and installment plans to patients. The partnership will provide patients with immediate access to quality medical services by utilizing Valu’s flexible payment plans، which offer payment periods of up to 60 months. Valu customers can now finance a wide range of inpatient and outpatient services at Alameda Healthcare Group’s two tertiary care hospital brands، Dar Al Fouad and As-Salam International; its specialized gastroenterology and liver care center، Elixir Gastro and Liver Care Center; its physiotherapy and rehabilitation clinic، German Rehabilitation Center; and general healthcare clinics، Tabibi، where...
EFG Hermes was appointed as the Joint Global Coordinator and Joint Bookrunner for Beyout Investment Group’s Private Placement on Boursa Kuwait’s ‘Premier Market’ segment EFG Hermes، an EFG Holding Company and the leading investment bank in the Middle East and North Africa (MENA)، announced today that its investment banking division successfully completed advisory on the USD 147 million (KWD 45 million) listing on Boursa Kuwait’s Premier Market through a private placement for Beyout Investment Group Holding Company K.S.C. (BIG)، the regional pioneer in providing comprehensive human resources and project lifecycle support complemented by real estate services. EFG Hermes UAE was appointed as Joint Global Coordinator and Joint Bookrunner for the listingBIG offered a total of 30% of its total issued share...
Valu، MENA’s leading universal financial technology company، announced yesterday the launch of Ulter، a revolutionary payment program enabling customers to make sizable purchases in the realm of luxury product acquisitions. Ulter prides itself on having the highest credit limit in the country، surpassing its peers by multiple folds. It offers flexible repayment plans spanning up to 60 months with no down payment، subject to the financed amount، providing customers unparalleled financial convenience and peace of mind.A launch event، titled 'Echoes of Luxury: Past Wonders Inspiring Modern Opulence،’ was held in collaboration with CulturVator by Art D’Egypte، a renowned curator of art and culture events and experiences in the MENA region. This exclusive event، held at the world's first architectural wonder،...
aiBANK، a leading provider of integrated retail and corporate solutions in Egypt، announced today the launch of its ‘Super Daily Plus’ Saving Account. This unique account provides customers with an integrated saving account with various benefits and special perks، including insurance provided in partnership with Kaf Insurance، an EFG Finance company.Customers who opt for the new saving account can earn a daily interest rate of up to 20%. Benefits also include a 50% discount on personal loan administrative fees، the option to receive a free credit card for the first year، issuance of checkbooks، and quarterly prizes for customers.Kaf Insurance partnered with aiBANK to include free life insurance coverage in the account on an average balance of up to EGP...
Banque Misr، the acquiring market leader and EFG Hermes ONE، EFG Hermes’ state-of-the-art online trading platform، announced today a strategic partnership with PayTabs Egypt، MEASA’s award-winning payments powerhouse. This landmark collaboration is poised to revolutionize the financial technology landscape with the introduction of a new debit card top-up feature on the EFG Hermes ONE online trading platform. The partnership has received the approval of the Central Bank of Egypt (CBE) for debit card acceptance in the realm of stock trading.The seamless integration of a debit card top-up feature on EFG Hermes ONE will empower customers to leverage their debit cards for fluid securities trading، setting the stage for a new era of accessibility and efficiency. The elimination of traditional barriers...
EFG Hermes، an EFG Holding company and the leading investment bank in the Middle East and North Africa (MENA) region، announced today that its investment banking division successfully concluded a landmark USD 935 million Accelerated Equity Offering (AEO) for ADNOC Drilling Company PJSC ("ADNOC Drilling")، the biggest of its kind in the UAE. Placement constitutes a sale of 880 million shares priced at AED 3.90، representing 5.5% of ADNOC Drilling’s total share capital. ADNOC will continue to retain a majority 78.5% shareholding in the Company. EFG Hermes acted as a Joint Global Coordinator and Joint Bookrunner for the Offering. This transaction signifies a major achievement for EFG Hermes، showcasing the company's increasing expertise and knowledge in regional capital markets، particularly highlighting its strong distribution...
GE Vernova (NYSE: GEV) announced today that its spin-off from GE (NYSE: GE) is complete and it will begin trading as an independent company on the New York Stock Exchange (NYSE) under the ticker symbol “GEV,” effective at the market opening today. In a first for the NYSE, GE Vernova and GE Aerospace, which also launches as an independent company today, will ring the opening bell together at 9:30 AM ET.“Today, GE Vernova becomes an independent company singularly focused on accelerating the energy transition to create a more sustainable future,” said Scott Strazik, CEO of GE Vernova. “Our Power, Wind, and Electrification segments provide essential products and services to the electric power industry as we work to meet the growing...
GE Aerospace (NYSE: GE) today announced its official launch as an independent public company defining the future of flight, following the completion of the GE Vernova spin-off. GE Aerospace will trade on the New York Stock Exchange (NYSE) under the ticker “GE”. Today, April 2, 2024, at 9:30 a.m. ET, GE Aerospace and GE Vernova will ring the opening bell together at the NYSE.GE Aerospace Chairman and CEO H. Lawrence Culp Jr., said, “With the successful launch of three independent, public companies now complete – today marks a historic final step in the multi-year transformation of GE. I am tremendously proud of our team, their resilience, and their dedication to achieving this defining moment.”Culp continued, “Building on a century of...
aiBANK، a leading provider of comprehensive retail، corporate، and Islamic banking solutions in Egypt and the commercial bank arm of EFG Holding announced today its results for the full year ended 2023. The Bank’s net profits came in at EGP 1.15 billion، representing 119% Y-o-Y growth، on the back of strategic growth initiatives featuring enhanced product offerings، services، and new partnerships to better cater to clients' evolving needs، on the other hand، net interest income increased by 42% to reach 2.5 billion EGP by the end of the fiscal year of 2023، compared to about 1.8 billion EGP at the end of the same period last year.Driven by higher net interest income on the back of loan book growth and supported...
Valu، MENA’s leading universal financial technology powerhouse، announced today its strategic partnership with Proctor & Gamble (P&G) to offer innovative financing solutions for Braun's grooming products' consumers in Egypt. The collaboration is set to improve accessibility to Braun's grooming products by providing affordability solutions for consumers. Through this partnership، Valu aims to empower consumers to make easier and faster purchase decisions، particularly for high-cash outlay products like Braun.This collaboration marks the first partnership between a Financial Technology provider and a Fast-Moving Consumer Goods (FMCG) company in Egypt. It will enable customers to purchase Braun products through multiple online and retail channels with special discounts and zero-interest offerings when utilizing Valu's services. This not only benefits consumers by making premium grooming...
Valu، MENA’s leading universal financial technology powerhouse، is proud to announce that it has achieved its compliance certification with the Payment Card Industry Data Security Standard (PCI DSS) v4.0 for the second consecutive year. Valu was the first company in Egypt to achieve PCI DSS v4.0 compliance certification last year. This rigorous assessment validates Valu’s unwavering commitment to safeguarding customer data and maintaining a secure environment across our platform. "At Valu، security is paramount،" said Mohamed Negm، Chief Information Security Officer of Valu. "Earning PCI DSS v4.0 compliance demonstrates our dedication to exceeding industry standards and building customer trust. We understand the importance of protecting sensitive financial information، and this achievement reflects our ongoing investment in robust security measures." The PCI DSS...
The IPO set a record for the most subscribed offering on the Dubai Financial Market، with an overall subscription of approximately 165 times.Dubai، March 21، 2024EFG Hermes، an EFG Holding Company and the leading investment bank in the Middle East and North Africa (MENA)، announced today that its investment banking division successfully completed its advisory on the USD 428.7 million initial public offering (IPO) of Parkin، the largest provider of paid parking facilities and services in Dubai، on the Dubai Financial Market (DFM). EFG Hermes acted as a Joint Bookrunner on the transaction. Parkin offered a total of 24.99% of its total issued share capital through the sale of 749،700،000 existing shares at AED 2.10 per share، implying a market capitalization...
Valu users gain absolute flexibility with the new prepaid card، a convenient product offering 60-month payment tenors with visa acceptance at all outlets. Valu، the leading universal financial technology powerhouse in MENA، is proud to announce its partnership with Visa، the world leader in digital payments، in launching the new prepaid Valu card. This groundbreaking move redefines payment convenience across Egypt.The Valu prepaid card stands out with its unmatched flexibility، allowing users to effortlessly carry out transactions، whether they are making purchases or settling bills. As part of Valu's commitment to enhancing the payments ecosystem، users can conveniently transfer funds from their Valu limit to the prepaid card. In addition، Valu introduced its latest breakthrough offering، 'Spark it'، a revolutionary product...
EFG Finance، the non-bank financial institutions (NBFI) arm of EFG Holding، announced today that it has obtained the required license from the Financial Regulatory Authority (FRA) to introduce its newest subsidiary that will provide financial services tailored for small and medium enterprises. The company is poised to complement EFG Finance's core offering by catering to the financing needs of small and medium-sized enterprises (SMEs) in Egypt. The new venture is anticipated to be launched in the second quarter of this year. With this new venture، the financial institution seeks to bridge the gap in its product offering، targeting businesses that fall between the micro and small enterprises supported by Tanmeyah and larger enterprises served by EFG Corp-Solutions. The new platform will...
Tanmeyah، is a subsidiary of EFG Holding and a leading provider of financial services in Egypt with a concerted focus on the micro and small enterprise segments، announced today a collaborative agreement with the Egypt’s Micro، Small، and Medium Enterprise Development Agency (MSMEDA) for the formalization of a strategic contractual agreement valued at EGP 200 million. This collaboration is dedicated to financing micro-enterprises and demonstrates Tanmeyah’s solid commitment to enhancing financial inclusion and delivering essential financial services across Egypt in alignment with governmental initiatives. The agreement، signed by Mrs. Nevine Badr El Din، Director Micro Finance Central Sector MSMEDA، and Tanmeyah's CEO &MD، Jinu Johnson marks the commencement of a powerful partnership poised to empower approximately 10،000 micro-enterprises in expanding their...
The premier conference on MENA markets investments، the EFG Hermes One-On-One Conference offers unparalleled access to high-potential investment opportunities and key decision-makers shaping the future of these markets. EFG Hermes، an EFG Holding company and the leading investment bank in the Middle East and North Africa (MENA)، in collaboration with the Dubai Financial Market (DFM)، inaugurated the 18th annual EFG Hermes One-on-One Conference today، the world's largest investment forum dedicated to MENA. The event will take place from March 4th to 7th، 2024، at the JW Marriott Hotel Marina (formerly Address Dubai Marina) in Dubai.Themed "Exploring the Depth of FEM،" this year's conference is set to delve into the inherent potential of the region، offering invaluable insights and networking opportunities for...
EFG Corp-Solutions، a wholly-owned subsidiary of EFG Finance، an EFG Holding Company، and one of Egypt’s leading leasing and factoring companies، announced today that it signed an agreement with Elsewedy Industrial Development، a subsidiary of ELSEWEDY ELECTRIC to offer a holistic set of financing solutions for its SOKHNA360 the integrated industrial city located in the SCZONE. Under the terms of the agreement، EFG Corp-Solutions will play a pivotal role in financing SOKHNA360’s clients undertaken by Elsewedy Industrial Development within the Suez Canal Economic Zone on an area of 10 million square meters. This venture aims to provide comprehensive financial solutions for manufacturers’ investment projects ranging from land acquisition to fixed assets، effectively supporting Elsewedy Industrial Development's vision for attracting new local...
EFG Hermes، the leading investment bank in Frontier and Emerging Markets (FEM) under EFG Holding and Palm Hills Developments (PHD)، a leading real estate developer in Egypt jointly announced today the successful closing of an EGP 421 million securitized bond، the second issuance in a newly approved EGP 5 billion program. The issuance is structured as follows: Tranche A – valued at EGP 50.52 million with a tenor of 13 months and a credit rating of AA+ from Middle East Ratings and Investors Service (MERIS)Tranche B – valued at EGP 155.77 million with a tenor of 36 months and a credit rating of AA from MERISTranche C – valued at EGP 214.71 million with a tenor of 84 months and a credit...
The issuance is a strategic step forward in Valu’s ambitious vision، being part of the approved extended EGP 9.0 billion program. Cairo، December 24، 2023 Valu، MENA’s leading universal financial technology powerhouse، announced today that it has closed its seventh securitized bond issuance. The issuance is part of the approved extended EGP 9.0bn program. The bond is backed by a receivables portfolio assigned to EFG for Securitization as the issuance’s special purpose vehicle (SPV). The bond is issued in 4 tranches (A، B، C & D): • Tranche (A): valued at EGP 419.4 million with a tenor of 6-months bond and a P1(sf) rating• Tranche (B): valued at EGP 209.7million with a tenor of 6-months bond and a P1(sf) rating• Tranche (C): valued at...
The collaboration aims to give Kazyon shoppers convenient access to Valu's range of financial solutions.Cairo، November 21، 2023Valu، MENA’s leading universal financial technology powerhouse، announces a strategic partnership with Kazyon، one of the largest discount retailers in Egypt، to provide accessible and convenient financing solutions to Kazyon's substantial customer base. The collaboration aims to give Kazyon shoppers convenient access to Valu's range of financial solutions.By integrating U، Valu's convenient Buy-Now، Pay-Later (BNPL) solution within Kazyon's extensive retail network، both companies are dedicated to delivering a seamless and affordable shopping experience for Egyptian customers. This strategic partnership arrives at a pivotal moment، coinciding with the adverse consequences of escalating commodity prices on consumers. By seamlessly integrating a BNPL payment option into...
EFG Holding، a financial institution with a universal bank in Egypt and a leading investment bank in Frontier and Emerging Markets (FEM)، announced today strong financial performance for the third quarter of 2023. The Group booked a robust revenue increase of 27% Y-o-Y to EGP 3.0 billion، with strong contributions from its Investment Bank arm، EFG Hermes، and its commercial bank arm، aiBANK. Although operating expenses، including provisions and Expected Credit Losses (ECL)، rose 22% Y-o-Y to EGP 2.0 billion in 3Q23، the Group's net operating profit soared to EGP 1.0 billion، reflecting an impressive 40% Y-o-Y increase. The Group's net profit after tax and minority interest amounted to EGP 395 million، a notable 24% Y-o-Y growth.Commenting on the performance،...
Contact carried its strong momentum into the second half of the year، achieving solid financial and operational growth for the nine-month period ended 30 September 2023.Cairo، 14 November 2023Contact Financial Holding SAE (CNFN.CA)، Egypt’s largest non-bank financial services provider، announced today its consolidated financial results for the quarter and nine-month period ending 30 September 2023، with the Group reporting strong y-o-y operating income growth of 39% and 54% across its financing and insurance divisions، respectively. From a net income perspective، financing net income rose 33% y-o-y، while insurance net income was up 27% y-o-y. On a consolidated basis، normalized net income[1] rose by 34% y-o-y to EGP 542 million in 9M-2023 continuing to showcase the Group’s ability to deliver sustainable...
The financing transaction، which will be directed to accelerate the construction of its flagship development، O West، is a continuation of a series of landmark advisory transactions successfully concluded for ODE over the past few years.Cairo، 5 November 2023 EFG Hermes، the leading investment bank franchise in Frontier and Emerging markets (FEM)، announced today that its investment banking division has successfully completed advisory for Orascom Development Egypt’s (ODE) subsidiary Orascom for Real Estate S.A.E (ORE) for a syndicated ten-year loan agreement of EGP 6.0 billion، to finance its leading project in Cairo - O West. EFG Hermes acted as the sole financial advisor، lead manager، and bookrunner for ORE. This transaction marks an important milestone in the development cycle of the O...
Valu's strategic expansion into Jordan results from solid groundwork and in-depth market research، which identified the country as a promising market brimming with significant growth opportunities. Valu، MENA’s leading universal financial technology powerhouse، has announced its decision to launch in Jordan in Early 2024 as part of its strategic expansion plan. The company has undertaken a comprehensive assessment and is actively considering entering new markets، that in addition to Jordan، include others currently under study in North Africa. This strategic assessment demonstrates Valu's dedication to ensuring a strong market presence and comes in line with Valu’s business strategy، which places a strong emphasis on targeting markets with favorable market dynamics that allow for the implementation of its full product and services universe flexibly and that...
The Houthi militia, Iran's arm in Yemen, has rented dozens of public schools in Sanaa to the owners of private power plants and telecommunications companies in order to reap large financial returns.Educational sources told "NewsYemen" that Houthi leaders and influential figures in the Office of Education in Sana'a and the secretariat concluded agreements to rent school roofs for the benefit of power generation plants and telecommunications companies in exchange for huge amounts of monthly financial revenues for the benefit of those Houthi leaders.The sources added that the rental process came in collusion with school principals loyal to the Houthi militias. The financial proceeds from leasing operations go to the benefit of the Houthi leaders, who have become eager to plunder...
EFG Hermes، the leading investment bank franchise in Frontier and Emerging Markets (FEM)، announced today the successful conclusion of EFG Holding’s wholly-owned subsidiary، EFG Corp-Solutions' third issuance of a securitization bond worth EGP 1.0 billion. This milestone marks a significant expansion of EFG Corp-Solutions' securitization program، which has now increased its value from EGP 3.0 billion to EGP 6.0 billion. The bond is backed by a receivables portfolio assigned to EFG Securitization as the issuance’s special purpose vehicle (SPV). The securitization bond is comprised of three tranches:Tranche A – Valued at EGP 15.2 million، with a 12-month bond tenor and a Prime 1 (sf) rating Tranche B – Valued at EGP 465.5 million، with a 36-month bond tenor and an A+ (sf)...
The move reflects Valu’s growth and transformation to better serve its clients، underscoring the breadth and depth of its portfolio of value-accretive financial solutionsValu، MENA’s leading financial technology company، announced today a strategic rebranding، marking a pivotal shift in its brand architecture. Today، Valu is no longer just a Buy-Now، Pay-Later (BNPL) platform nor a consumer finance player only; it has evolved to become a universal financial technology powerhouse with a comprehensive suite of financial solutions. The rebranding is a milestone in the company’s journey of growth and transformation as it represents its commitment to better serving its clients and expanding its reach in the dynamic world of financial technology. Valu has consistently been at the forefront of innovation and a...
During the months of October and November of the year 2022, the Houthi militia - Iran's arm in Yemen, launched several attacks with drones on oil ports in the governorates of Hadramout and Shabwa, in the east of the country.Those attacks forced the oil transport ships that were anchored in those ports to leave, which ended in stopping the export of oil abroad and the loss of the government, which is widely recognized, the most important financial resource that was managing the affairs of the liberated provinces.The terrorist attacks were accompanied by many economic measures that increased the stranglehold on the government, including preventing the delivery of domestic gas coming from Marib to areas under its control and replacing it...
السديس: اللغة العربية محفوظة بالقرآن ويجب تعزيز تعليمها للأجيال