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Kiddie menu for finance
SMART POLICY- Non-bank lenders could soon scrap service charges on financial products sold to customers aged 16-21 in a bid…
What’s a good target price for CI Capital? Plus: Egypt is still overweight in EFG Hermes’ MENA Top 20
The EGX30 fell 0.3% at today’s close on turnover of EGP 1.53 bn (6.3% above the 90-day average). Local investors…
Is ADIB about to sell Assiut Islamic Trading?
A group of investors want to acquire up to 100% of Abu Dhabi Islamic Bank subsidiary Assiut Islamic Trading. The…
Covid-19 dents Credit Agricole Egypt annual profits
Credit Agricole Egypt’s net income plunged more than 42% in 2020 as the covid-19 pandemic weighed on income and caused…
What we’re tracking on 11 February 2021
Good morning, friends. We made it through another workweek together. Anyone else find it a bit … surreal? … to…
Banque Misr launches MTO to snap up nearly all of CI Capital
CI Capital could soon be almost fully owned by Banque Misr: The state-owned bank filed a mandatory tender offer yesterday…
No self-dealing in the ins. industry, FRA says
Major shareholders of ins. companies can’t also be major clients: Property and liability ins. companies will be restricted in how…
What the markets are doing on 9 February 2021
Is the oil market in a “post-vaccine euphoria”? That’s what trading houses Vitol and Gunvor Group are signaling after oil…
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