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Bank ABC launches Blom MTO
Bahrain’s Bank ABC has submitted a mandatory tender offer to acquire up to 100% of Blom Bank Egypt, the Financial…
THIS MORNING: Four days off next week; EGX election day; Irrigation minister in DRC; Hariri to meet Shoukry in Cairo today; US inflation spikes.
GOOD NEWS- We’re officially getting a four-day vacation: Government agencies and public sector companies will receive a four-day break next…
Regulators scratching their heads: DeFi - Part II
We took a look at the emerging decentralized finance space angling to disrupt the finance system in yesterday’s issue of…
CI Capital board gives Banque Misr preliminary approval for Souhoola majority stake purchase
CI Capital’s board gives initial nod to the sale of a controlling stake in Souhoola to Banque Misr. The board…
EGX-listed companies + NBFS players will face mandatory ESG disclosures
Mandatory ESG reporting requirements are coming for EGX-listed companies and just about all NBFS players under a decree issued by…
Subsidized 30-year mortgages are now a thing for low- and middle-income earners
The Central Bank of Egypt (CBE) launched today an EGP 100 bn mortgage financeinitiative for low- and middle-income earners, offering…
Also on our radar on 13 July 2021
Other things we’re keeping an eye on this morning: Abu Dhabi Islamic Bank Egypt will set up a company to…
CIB net income up 24% in 2Q
CIB’s net income rose 24% y-o-y in 2Q2021, reaching EGP 3.21 bn from EGP 2.6 bn in the same period…
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