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Bank Audi Egypt = FAB in 2Q2021
Bank Audi will be fully integrated into First Abu Dhabi Bank (FAB) during 2Q2021 after receiving the approval of the…
Big banks flock to crypto despite warnings
Major banks and firms are raising their holdings in cryptocurrencies despite market volatility, leaving US authorities concerned about the creation…
Net foreign assets continue rising
Net foreign assets in Egypt’s banking sector inched up 4.1% m-o-m in January to reach USD 17.85 bn, up from…
Ibnsina to tap healthcare fintech with new company
Ibnsina Pharma is making another play for the tech space, announcing in an EGXfiling (pdf) yesterday that it has set…
Earnings watch: CIB + HDB report 2020 earnings
Leading private sector bank CIB posted EGP 10.2 bn in consolidated net income in 2020, down 13% y-o-y from EGP…
United Bank likes the digital banking space
United Bank is looking to acquire a controlling stake in an unnamed e-payments company, and is currently in negotiations over…
How auto’s recovery is playing out in the markets
The EGX30 fell 0.8% at today’s close on turnover of EGP 1.59 bn (8.5% above the 90-day average). Foreign investors…
What the markets are doing on 28 February 2021
The global economic recovery is looking increasingly uneven, with a “dangerous divergence” opening up between the developed and developing worlds,…
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