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Gov’t appoints managers ahead USD 2 bn sukuk sale
Egypt has reportedly appointed six international banks to manage its maiden USD 2 bn sovereign sukuk issuance, Bloomberg reports, citing…
FAB could sell payments business, Delek rebrands
Brookfield eyes FAB’s payment business: Canadian asset management giant Brookfield is reportedly in talks to acquire Magnati, First Abu Dhabi…
Edita’s Molto Sandwich gets a rebrand with three new flavors + EFG Hermes’ valU launches new algo-based risk management tool
Edita’s Molto Sandwich is now Molto Fino, with new flavors: Edita Food Industries is introducing three new flavors as part…
More clarity from CBE on new import rules
The Central Bank of Egypt has responded in a document to queries from importers on its recently issued rules requiring…
Last Night’s Talk Shows: EFG Hermes and due diligence on NBFS acquisitions + Ukraine
There was a fair amount of business news on the airwaves last night, triggered by new rules on non-bank acquisitions…
CIB reports another earnings record with 4Q/FY2021 results
EGX30 heavyweight CIB reported a 17% year-on-year rise in net income in 4Q2021, turning in an EGP 3.4 bn bottom…
Goldman Sachs to advise EFG on bid by FAB, board okays start of due diligence
Goldman Sachs and law firm White & Case will advise EFG Hermes’ board of directors on a takeover bid by…
TONIGHT: EFG Hermes greenlights FAB due diligence + appoints Goldman to advise; Jordan PM covid positive following business talks in Cairo; Another day, another scandal at Credit Suisse.
We really can’t seem to a catch a break from the barrage of news that 2022 is throwing our way:…
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