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Egypt exempts consumer finance services from VAT

Egypt exempts consumer finance services from VAT
zawya.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from zawya.com Daily Mail and Mail on Sunday newspapers.

Egypt s House of Representatives gives final nod to sovereign Sukuk law

Egypt s House of Representatives gives final nod to sovereign Sukuk law
zawya.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from zawya.com Daily Mail and Mail on Sunday newspapers.

Egypt eyes surge in fintech investment

CAIRO: New legislation and regulatory changes in Egypt are set to unleash a surge in new fintech investments and change the way the country’s largely unbanked citizens do business, industry players say. Fintech innovation in Egypt has trailed other emerging market powerhouses such as China, India, Kenya and Indonesia, a situation the industry hopes the new legal environment will change. One innovator is MNT NV, a microfinance lending and payments company with more than a million active customers and a 21.7 percent market share. It has just completed a share swap to take over fintech company Halan Inc., Mounir Nakhla, a cofounder of both firms, told Reuters. The deal had not previously been reported.

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