Haitham Wagih, the Managing Director of Avanz Capital, stressed that the growing discussion about the roles of banks and non-banking financial companies in credit financing should be seen as an opportunity for integration that serves the national economy, rather than a competitive conflict where one side tries to exclude the other. Wagih explained on his LinkedIn account, drawing from his extensive experience in both the banking sector and investment firms regulated by the Central Bank of Egypt and the Financial Regulatory Authority, that the Egyptian market truly needs all types of financing and banking activities to support economic growth and expand the reach of financial services.
Tags
Related editorial
Vodafone Egypt and Al Ahly Club Partner to Boost Digital Sports Experience
This exciting new partnership marks a big step forward for Egyptian sports. It brings together advanced technology from Vodafone Egypt with the strong presence of Al Ahly Club to create a more innovative and digital sports experience for fans.
Qatar Insurance Wins Top Award for Redefining Digital Experience with Innovative Platform
Hey there! Qatar Insurance just snagged the 'Best Digital Insurance Initiative in Qatar' award. They won it for creating an awesome platform that blends insurance services with everyday life needs, really pushing the boundaries of innovation and digital transformation in the industry. It's a big win for them and for customers!
MIS Teams Up with Saudi Fransi Capital to Power Up Saudi Arabia's Data Centers
MIS (Al Moammar Information Systems) and Saudi Fransi Capital are joining forces to explore building three major new data centers in Riyadh, Dammam, and Jeddah. MIS will handle the development, design, and management of these facilities, which aim to add a significant 48 megawatts of capacity to Saudi Arabia's digital infrastructure, supporting the nation's digital transformation goals.
REVYN Launches UAE's First Resale Platform with No Seller Fees
Get ready for REVYN, a new platform now live in the UAE on iOS and Android! It lets users easily buy and sell pre-owned items directly. What's really cool is that sellers pay absolutely no commission, making it the first model of its kind in the UAE market and a big win for sustainable living.