Cairo Chamber of Commerce signs a contract with Egypt Credit Exchange to exchange services

Economy and stock exchange

Cairo Chamber of Commerce, headed by Eng. Ibrahim Al Arabi, signed a partnership agreement with the Egyptian Company for Credit Information "I-score" Headed by Mohammed Kanafani to exchange credit rating services and information to the Chamber's subscribers.

Eng. Ibrahim Al Arabi, Chairman of the Chamber, said that under the agreement between the chamber and the company, a screen will be set inside the room to serve traders at the level of the Republic in terms of the credit position through the national number. This gives safety and stability in business and confidence to customers and helps in transactions at all levels. .

Al-Arabi revealed that one of the services provided by this screen is that any mortgage is shown on it. In other words, any party who buys an item shows that it has a mortgage or not. Therefore, we avoid any problems in this regard. This screen will give the merchant committed to his right to enjoy his reputation, as well as any trader who has a problem with a bank and has a ban or otherwise appear through this screen, and dealing with this problem to resolve .

Al-Arabi stressed that through this screen we aim to give a culture to the trader in how to build a good credit and how to repay it and all the details related to it of advantages or risks. He pointed out that this step comes as part of our objectives in the Chamber to develop and develop trade under the great technological development in The last period.

Mohamed Ashmawy, a member of the Board of Directors of Cairo Chamber, said that this agreement is the first of its kind in this regard, and Cairo Chamber has the lead in providing this service among the economic institutions in Egypt, as this screen was not placed in any institution outside the banks until right Now.

Ashmawy stressed that the Cairo Chamber deserves to be a pioneer of its great weight, not only in Egypt but also in the Middle East. He expected that many institutions will follow the Cairo Chamber in this regard in the coming period in view of the clear technological development globally. All levels, especially the information level.

Related topics