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Eni profit falls due to dip in oil prices

Q2 net profit fell by 18% to $637 million.

Emirates NBD H1 profit $3.40bn

Total income rose by 12 percent in the same period.

ADIB H1 pre-tax profit $1.08bn

Q2 pre-tax net profit increases by 14 percent.

AstraZeneca to invest $50bn in US

Bulk of funds to go into a Virginia manufacturing center.

UAB net profit up by 50% for H1

Total assets increase by 11 percent.

Tabby, Paymob announce partnership

e-commerce in MENA is predicted to reach US $48 billion by the end of 2023.
  • Tabby’s BNPL payment solution will be available to over 120,000 Paymob merchants.
  • Tabby is a payments and shopping app, and Paymob, an omni-channel payments facilitator in MENAP.

Cairo, Egypt—Tabby, a payments and shopping app, and Paymob, an omni-channel payments facilitator in MENAP, announced a partnership “to fuel growth for retailers in Egypt by enabling businesses” across Paymob’s network to benefit from Tabby’s split in four, interest and fee-free payment solution via Paymob’s gateway.

Together, Tabby and Paymob create a Buy Now Pay Later solution for both in-store and online retailers.

Tabby’s BNPL payment solution will be available to over 120,000 Paymob merchants

Ahmed Khalil, Tabby Egypt’s General Manager, said, “Today there is a strong demand for greater financial freedom and flexibility to enable consumers to make their purchases. Retailers need the technology infrastructure that allows them to plug and play solutions that offer financial freedom instantly at checkout, without interest or fees. Partnering with Paymob allows our technology to be instantly accessible to their network of over 120,000 retailers in Egypt.”

Paymob’s Executive Vice President for Global Business Development, Omar El-Gammal, said, “Our partnership with Tabby is key because it encompasses both physical, in-store and online, e-commerce payments solutions, to provide a better checkout experience, increased conversions and an expanded client base for merchants in Egypt.”