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Those acquiring more than a 10% stake in a bank would have to request approval from the CBE 60 days in advance
Author Archives: enterpriseam admin
Posted inMoves
Speedinvest taps Rana Abdel Latif as new partner
Abdel Latif was previously with Cairo-based fintech investment platform Nclude
Posted inLAST NIGHT’S TALK SHOWS
The ongoing tragedy in Gaza and short-lived hopes of a ceasefire dominated the airwaves last night
Israel’s plan goes beyond the boundaries of repatriating Israeli hostages, said Palestinian presidential advisor Mahmoud Al Habbash
Posted inAlso on our Radar
Telecom Egypt eyes USD 500 mn loan from Chinese lender. PLUS: Credit Agricole, Hyundai Rotem, UK Export Finance, ADES, Haier, Islamic Trade Finance Corporation, EgyptAir, Matouk Bassiouny
The company will reportedly pay for the loan in CNY given that a portion of its revenue stream originates from China
Posted inPLANET FINANCE
EU calls on China for reciprocal market access as cheap Chinese products flood the bloc
The European Commission head said her bloc will not hesitate to make tough decisions to protect its economy
Posted inCALENDAR
2024 MAY 19-21 May (Sunday-Tuesday): Egypt International Summit for Digital Transformation and Cybersecurity. 20 May (Monday): Malaysian Palm Oil Forum in Cairo, with attendance from Malaysian Plantation and Commodities Minister Johari Abdul Ghani. 23 May (Thursday): Central Bank of Egypt’s Monetary Policy Committee meeting. 29 May (Wednesday): Virtual launch of Chicago Booth Executive Program. JUNE […]
Posted inWHAT WE’RE TRACKING TONIGHT
THIS EVENING: SIC is raising its stake in CIRA Education with SEIC backing
Good afternoon, ladies and gents, and happy hump day. We’re punctuating the halfway point of the week with big news for CIRA Education, the private sector education services provider: THE BIG STORY TODAY CIRA Education majority owner to raise its stake with backing from PIF’s SEIC: Saudi Egyptian Investment Company (SEIC) — an investment company […]