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Bank ABC begins due diligence on Blom Bank Egypt
M&A WATCH- Bank ABC starts due diligence on Blom Bank Egypt: The Arab Banking Corporation (ABC) has begun due diligence…
Against expectations, Central Bank of Egypt cuts interest rates by 50 bps
Central Bank of Egypt surprises with first rate cut since March: The Central Bank of Egypt (CBE) cut interest rates…
Italian bank seeks gov’t guarantee for railway loan
An unnamed Italian bank has requested that the oil or transport ministry issue a letter of guarantee for a potential…
GB Auto’s Drive gets FRA nod for consumer finance license
GB Auto’s car finance arm Drive has received preliminary approval from the Financial Regulatory Authority for a full consumer financing…
Egypt’s CIB taps JP Morgan’s Jay-Michael Baslow as non-exec board member
MOVES- CIB has asked Jay-Michael Baslow (LinkedIn) to join its board of directors as a non-executive, independent member, the banksaid.…
Intesa Sanpaolo buys back IFC’s stake in Alexbank
M&A WATCH- IFC offloads 9.75% stake in Alexbank: The International Finance Corporation has sold its 9.75% stake in Bank of…
CI Capital elects Ahmed Sobhy and Neveen El Tahri to board of directors
MOVES- CI Capital has asked Ahmed Sobhy (Linkedin) and Neveen El Tahri (Linkedin) to join its board of directors, according…
Raya mulls listing Aman on EGX in 2021
IPO WATCH- Raya mulls listing Aman on EGX in 2021: Raya Holding could debut its non-banking financial service business outfit…
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