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EFG Hermes, SFE to complete due diligence on AIB in February -sources
M&A WATCH- EFG Hermes and the Sovereign Fund of Egypt (SFE) will complete due diligence on the Arab Investment Bank…
Raya Holding’s Aman receives security certification to expand bank card compatibility
Raya Holding’s non-banking financial services provider Aman has received the international payment card industry data security standards certification (PCI-DSS), allowing…
Fawry and Banque du Caire sign contract for remittance transfer service
EGX-listed e-payments platform Fawry and Banque du Caire have signed a contract to set up an instant remittance transfer service…
IMF gives initial approval to second tranche of USD 5.2 bn standby loan
Egypt is on track to receive the second tranche of its USD 5.2 bn IMF standby loan after it reached…
What we’re tracking on 19 November 2020
Well, friends, we made it through another week together. We have a packed issue for you this morning, including news…
Earnings watch: ADIB, Al Ahly, Misr Cement Qena
EARNINGS WATCH- Abu Dhabi Islamic Bank recorded net profits of EGP 884.3 mn in 9M2020, down 12.6% y-o-y from EGP…
Bank ABC confirms it’s still in for Blom Bank Egypt
M&A WATCH- Bank ABC is pushing forward with Blom Bank Egypt acquisition talks: The Arab Banking Corporation (Bank ABC) has…
CBE extends USD 3.8 bn repo agreement with int’l banks
CBE extends term of USD 3.8 bn repo transaction with int’l banks to six years: The central bank has agreed…
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