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Raseedy rolls out independent digital wallet with SAIB Bank, Mastercard
Cairo-based telecoms app Raseedy has launched a digital wallet in partnership with SAIB Bank and Mastercard, according to a press…
Banking
Banque Misr to establish first representative office in Kenya
Banque Misr is in the process of applying for licensing to establish a rep office in the Kenyan capital of…
IFC confirms AUB Egypt stake sale to Bahraini parent
M&A WATCH- The International Finance Corporation has confirmed it has offloaded its 10% stake in Ahli United Bank’s Egypt unit…
What we’re tracking on 2 November 2020
Good morning, friends. It’s one of those “in between” days in which most folks’ thoughts will naturally gravitate across the…
Banque du Caire could receive USD 50 mn EBRD loan to on-lend to small businesses
DEBT WATCH- BdC could be getting USD 50 mn EBRD loan to on-lend to small businesses: The European Bank for…
First Abu Dhabi Bank resumes talks to acquire Bank Audi Egypt
M&A WATCH- First Abu Dhabi Bank (FAB) has resumed talks with Bank Audi to acquire the Lebanese lender’s Egypt unit,…
Bank ABC to wrap up due diligence on Blom Bank Egypt in mid-November
M&A WATCH- Bahrain’s Arab Banking Corporation (Bank ABC) will wrap up due diligence on Blom Bank Egypt in mid-November, ahead…
Ahli United Bank purchases 30 mn shares in AUB Egypt
M&A WATCH- Bahrain’s Ahli United Bank (AUB) has purchased more than 30 mn shares in its Egypt unit alongside Misr…
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