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Khazna Card gets final approval from the Central Bank of Egypt
Khazna has received final approval from the Central Bank of Egypt (CBE) for its Khazna card, a Meeza prepaid card…
PIF subsidiary ups stake in EGX-listed Rameda + El Garhy buys Nat’l Glass and Crystal from ADIB Egypt
Saudi PIF subsidiary ups stake in Rameda: The Saudi Seventh Investment Company (SSIC) has purchased another 6.5% of Rameda Pharma,…
THIS MORNING: Banks off all next week + More Egyptians are banked than ever before
Good morning, wonderful people, and welcome to the next-to-last workday of Ramadan. It’s another huge news day today, so we’re…
Has Netflix subscriber growth peaked?
Netflix saw nearly a quarter of its value wiped out after losing subscribers for the first time in a decade:…
CIB’s newest (and largest) shareholder isn’t looking to shake up management
CIB management gets vote of confidence from (new) largest shareholder: Alpha Oryx, a subsidiary of Abu Dhabi sovereign wealth fund…
Wall Street banks ride out earnings season on trading revenue amid volatility
Wall Street banks ride market volatility to post better-than-expected 1Q earnings: Bank of America was the latest US lender to…
Sri Lankan NBFI acquires 100% of First Microfinance, aims to grow loan book and branch network
Sri Lankan conglomerate LOLC Group has acquired 100% of FirstMicrofinance in a transaction worth EGP 80.2 mn, First Microfinance CEO…
Planet Finance: Standard Chartered is pulling back from MEA, but still wants to enter Egypt
Standard Chartered plans major exit in MEA markets — but still wants to enter Egypt: Standard Chartered is completely shutting…
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