FABMISR launches E-Connect for corporate clients
First Abu Dhabi Bank Misr (FABMISR) has launched its newest corporate online banking channel, FABMISR E-Connect, for multinationals and large corporates, according to an emailed press release.
This channel supports the bank's commitment to providing advanced banking solutions that redefine the corporate customer experience.
E-Connect offers an integrated banking experience, enabling companies to monitor and manage all their bank accounts with FABMISR, as well as view accounts held with other lenders across Egypt or globally through the MT940 service.
The channel also allows clients to track loan and deposit accounts and generate accurate, real-time account statements at any time, providing ultimate flexibility in financial management.
As for conducting transactions, the channel supports local and international payments in both local and foreign currencies, including scheduled transactions and standing instructions. It also secures bulk payment uploads, supporting large-scale operations with precision and speed.
Sherif Sabry, Head of Corporate and Commercial Banking Group in FABMISR, said: 'The launch of the FABMISR E-Connect online banking channel marks a transformative step that empowers our corporate clients to manage their financial resources with unparalleled efficiency and transparency.'
He added: 'This advanced channel not only meets all corporate needs but also contributes to the state's objectives of promoting financial inclusion by enabling more businesses to benefit from modern banking solutions that align with market developments and foster an investment-friendly environment.'
© 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (Syndigate.info).
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Arabian Post
a day ago
- Arabian Post
Murena's /e/OS 3.0 Enhances Privacy and Parental Oversight
Murena has unveiled /e/OS 3.0, the latest iteration of its open-source, privacy-centric mobile operating system. This update introduces a suite of features aimed at bolstering user privacy and providing enhanced parental controls, positioning /e/OS as a compelling alternative for those seeking to minimize reliance on mainstream tech ecosystems. A notable addition is the integration of Murena Find, a search engine powered by Qwant. Operating in a default 'no tracking' mode, it ensures that user search activities remain private, aligning with /e/OS's commitment to data protection. The update also brings a speech-to-text messaging feature, allowing users to dictate messages hands-free. This functionality is particularly beneficial for users engaged in activities where manual typing is impractical. ADVERTISEMENT Addressing concerns about device loss, /e/OS 3.0 introduces a Find My Device feature that operates via SMS. This allows users to locate their devices without requiring an internet connection, enhancing the practicality of device recovery in various scenarios. Parental controls have been significantly refined in this release. Guardians can now set restrictions on app installations and screen time, with applications rated as 'PG' necessitating a security code for installation. This added layer of control aids in managing children's digital interactions more effectively. For users utilizing larger screens, the new Tablet Mode offers an optimized interface, improving navigation and multitasking capabilities. This enhancement ensures that the user experience remains consistent across different device formats. The Advanced Privacy feature has been upgraded to provide weekly reports on app tracking behaviors and an overall Privacy Score. Users can also customize geolocation access on a per-app basis, choosing to share either their actual location or a fabricated one, thereby exercising greater control over their personal data. Murena Vault, an experimental cloud storage solution powered by CryptPad, is introduced in this update. Offering end-to-end encryption, it facilitates secure file storage and real-time collaboration, underscoring Murena's dedication to user data security. Gaël Duval, founder of /e/OS and CEO of Murena, emphasized the company's ethos, stating, 'We believe that technology should serve people, not the other way around. With this new version of /e/OS, we are raising the bar even higher in our powerful proposition for a healthier, more ethical, and user-first digital life.'


Zawya
4 days ago
- Zawya
Al Baraka Bank Egypt acts as mandated lead arranger in EGP 4.2bln syndicated facility for Redcon Properties for Real Estate Development
Cairo – As part of its strategic vision to enhance its role in the syndicated finance market, Al Baraka Bank Egypt announced its participation as a Mandated Lead Arranger in a syndicated facility valued at EGP 4.2 billion. The facility is extended in favor of Redcon Properties for Real Estate Development to support the execution of its flagship integrated commercial and administrative project, 'Golden Gate,' located in the heart of New Cairo. Al Baraka's contribution to the facility amounts to EGP 1 billion, underscoring the bank's steadfast commitment to advancing the real estate sector through innovative financial solutions. The facility was structured and arranged by First Abu Dhabi Bank Misr (FABMISR), acting as the Initial Mandated Lead Arranger, Bookrunner, Facility Agent, Account Bank, and Security Agent. The syndicate includes Al Baraka Bank Egypt and Abu Dhabi Commercial Bank (ADCB) as Mandated Lead Arrangers, alongside Arab Bank and Emirates NBD Egypt as Lead Arrangers. Matouk Bassiouny & Hennawy (MBH), acted as the Lenders Legal counsel marking a strong show of confidence in the project's viability and long-term impact. Commenting on the announcement, Mr. Hazem Hegazy, CEO and Vice Chairman of Al Baraka Bank Egypt, stated: 'Our participation in the Golden Gate project through this syndicated structure is a clear testament to our ongoing efforts to support the real estate sector and contribute meaningfully to urban development in Egypt. We believe syndicated facilities are an essential mechanism for mobilizing investment in projects that offer both economic and societal value. Our commitment to delivering comprehensive financial solutions reflects our mission to empower clients with sustainable growth opportunities while supporting projects that improve urban infrastructure and quality of life, consistent with Egypt's vision for planned urban expansion.' Eng. Tarek El Gamal, Chairman of Redcon Properties for Real Estate Development, emphasized the significance of the project, stating: "Golden Gate marks a turning point in urban development concepts. Our goal is to create an integrated experience that redefines modern commercial and administrative communities in Egypt, offering vibrant spaces that cater to diverse societal needs with a strong focus on environmental responsibility. The project spans a total built-up area of 178,655 square meters and features world-class commercial and office units, making it an attractive destination for local and international investors. This financing reflects the market's trust in our long-term strategic vision and highlights a successful model of collaboration between the real estate and banking sectors in support of national development objectives.' The financial alliance, led by FABMISR, further cements Golden Gate's status as one of East Cairo's most prominent mixed-use developments. Strategically located in New Cairo directly across from the American University in Cairo (AUC), the project boasts a 1.2-kilometer frontage on South 90 Street and lies just 400 meters from the nearest monorail station, ensuring seamless connectivity with the area's modern transport and infrastructure networks. It is noteworthy that Al Baraka Bank Egypt participated in 12 syndicated facilities during 2024, contributing over EGP 6 billion to major projects in key sectors, including energy, real estate, and agribusiness. This demonstrates the bank's depth of expertise in structuring high-impact financing solutions that advance Egypt's sustainable economic development.


Zawya
4 days ago
- Zawya
AD Ports to jointly explore e-methanol bunkering, export facility in UAE
AD Ports Group has signed a collaboration agreement to undertake a feasibility study for the development of an e-methanol bunkering and export facility at Khalifa Port and Khalifa Economic Zones Abu Dhabi (KEZAD Group). The agreement was signed with the UAE's Masdar, the Netherlands' Advario and France's CMA CGM Group. The project will provide critical infrastructure to complete the supply value chain and bridge commercial e-methanol production with key off-takers, such as CMA CGM, the Abu Dhabi-listed AD Ports said in a statement. Saif Al Mazrouei, Chief Executive Officer- Ports Cluster, AD Ports Group, said the development of an e-methanol bunkering and export facility in Khalifa Port will support the growth of the shipping industry and contribute to the reduction of carbon emissions by promoting clean energy sources. Green hydrogen and its derivatives, such as e-methanol, are pivotal in decarbonising hard-to-abate sectors like shipping, said Dr Faye Al Hersh, Head of Green Hydrogen Business Development (UAE), Masdar. 'With over 80 percent of global trade transported by sea, fostering strategic partnerships is essential to establishing robust green hydrogen value chains and ensuring a more sustainable maritime industry,' Al Hersh said. Christine Cabau Woehrel, Executive Vice President for Assets and Operations, CMA CGM Group, said the company is accelerating the decarbonation of shipping by investing in low-carbon solutions, with a fleet of more than 153 vessels capable of using low-carbon energies and synthetic fuels such as e-methanol operational by 2029. The collaboration agreement follows a memorandum of understanding signed in 2023 between AD Ports Group and Masdar to explore the development of a green hydrogen hub within KEZAD. The new agreement aligns with the Abu Dhabi Low Carbon Hydrogen Policy and the UAE's National Hydrogen Strategy, which targets the scaling up of local hydrogen production to 1.4 million tonnes per annum by 2031 and 15 million tons per annum by 2050. (Writing by P Deol; Editing by Anoop Menon)