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Bank ABC wins bid for Blom Egypt
Bahrain’s Bank ABC will purchase the Egypt unit of Lebanon’s Blom Bank for USD 480 mn in a transaction that…
Thursday Kudos
KUDOS- Tennis champion Mayar Sherif has become the first Egyptian to qualify for the Australian Open’s main draw, after becoming…
Airline fuel prices slashed by USD 0.15 per gallon starting 21 January
The aviation industry is getting a break on fuel through the end of the year after the government decided yesterday…
It’s gonna be ok…
Why the market accepted the Central Bank of Egypt’s freeze on cash dividends without batting an eyelid. Picking up where…
No (cash) dividend for you
Egyptian banks are barred from paying out cash dividends to shareholders on 2020 returns under instructions (pdf) issued yesterday by…
Credit Suisse, Fitch bullish on Egypt
Egypt’s economic growth will move back towards 5% by the end of the 2021 calendar year, helped by the upcoming…
What we’re tracking on 11 January 2021
Welcome to another workaday Monday, nice people. It’s a reasonably quiet news morning, but don’t be deceived by the calm:…
Kashat launches national nano-credit campaign
Our friends at Kashat, Egypt’s first nano-lender, have launched a second pilot backed by a national-scale marketing campaign designed to…
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