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FAB eyes GB Lease takeover
First Abu Dhabi Bank (FAB) is in advanced talks with GB Auto to acquire 100% of its leasing arm GB…
Introducing Nclude: Global Ventures’ new USD 85 mn fintech fund
Global Ventures, state banks launch USD 85 mn fund: Three of Egypt’s state-owned banks are investing in a new USD…
IDH to open 18 new branches in Egypt this year
IDH to open 15 Al Borg Labs, 3 Al Borg Scan branches in 2022: EGX and LSE-listed consumer healthcare giant…
No progress in peace talks + US issues warning to China
Peace talks between Russia and Ukraine made little headway yesterday as Russian forces continued to shell targets in Kyiv and…
THIS MORNING: Construction lobby worrying about rising cost of building materials + China locks down Shenzhen, a key manufacturing center for the global tech industry
Good morning, wonderful people. We have very good news to start the workday: Egypt has received two shipments of wheat…
EFG Hermes signs EGP 600 mn sale and leaseback agreement with LMD
EFG Hermes Corp-Solutions has signed a EGP 600 mn sale and leaseback agreement with real estate developer LMD to finance…
Banks have until September to comply with new capital requirements
Banks now have until 14 September to comply with the new capital requirements in the 2020 Banking Act after the…
THIS EVENING: Lekela Power could invest up to USD 1 bn in Egypt in next four years + Fresh sanctions, civilian evacuations dominate Russia-Ukraine news
Happy almost-THURSDAY, wonderful people. We have a relatively quiet news cycle here at home, coupled with the mandatory developments on…
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