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Attijariwafa subsidiary gets approval to sell life insurance in Egypt
Attijariwafa Bank Group subsidiary Wafa Assurance has earned a license from the Financial Regulatory Authority to set up a EGP…
GASCO in talks to obtain USD 300 mn loan for expansions
The Egyptian Natural Gas Company (GASCO) is in talks with three unnamed local banks for a loan of up to…
Banque du Caire’s IPO postponed to 2021, chairman confirms
IPO WATCH- BdC IPO isn’t happening before 2021, Fayed confirms, while Giza Spinning looks at 2020 listing: State-owned Banque du…
Odin to set up 2 investment funds worth EGP 1 bn by next month
M&A WATCH- Odin Capital to set up EGX equity, VC funds worth a combined EGP 1 bn by September: Odin…
EGX to purchase 30% of commodities exchange management company
EGX to claim 30% ownership of commodities exchange; who will own the futures exchange still to be determined: The EGX…
What we’re tracking on 26 August 2020
It’s another busy news day as we speed toward the week’s end, starting with the fact that bank hours just…
National Bank of Egypt expands internet, mobile banking platforms
The National Bank of Egypt (NBE) has added new services to its internet banking platform its mobile banking app, the…
CIB offers remote training for Egypt’s private university students
CIB has completed Egypt’s first online training program for undergraduates from AUC, GUC, and the Arab Academy for Science and…
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