MP Bahaa Abu Shoka has been elected the new chairman of the liberal Al Wafd party, Ahram Online reports. The party is already laying the groundwork to field a candidate in the 2022 presidential elections, Abu Shoka said yesterday, Al Shorouk reports. The 80-year-old lawyer succeeds Sayed El Badawy, who had served as party chief for two consecutive terms since 2010.
More from Enterprise
How correspondent banking works, and what the FinCEN clampdown on Banque Misr UAE means for business
As FinCEN proposes cutting Banque Misr’s UAE branches from USD…
Banks threaten to look beyond London as windfall tax talk grows
International lenders say more tax could tip the balance as…
EFG has three more IPOs lined up before year-end, including one hefty offering
Group CEO Karim Awad credits the central bank’s decision to…
Egyptian-UK fintech Zeal raises USD 10 mn to back expansion plans
The London-based, Egyptian-founded fintech is preparing to activate its loyalty…