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Odin, Kasb Capital to establish EGX equity fund
Odin, Kasb Capital to establish EGX equity fund; Odin says it is looking at three more specialized funds: Odin Investments…
FAB, Bank Audi Egypt’s acquisition talks to resume soon -sources
M&A WATCH- FAB’s acquisition of Bank Audi’s Egypt operations may not be dead. Negotiations that could see First Bank of…
Banque Misr, CI Capital could integrate their financial services operations
M&A WATCH- Banque Misr, CI Capital could integrate their financial services operations: Banque Misr and CI Capital could potentially merge…
Egypt to trial state workers’ payments through e-wallet “Meeza”
A Finance Ministry trial will see 3k state employees collect their wages using state-owned e-wallet Meeza’s contactless cards instead of…
EIB could extend EUR 750 mn in covid finance to Banque Misr for SME lending
The European Investment Bank (EIB) could provide Banque Misr with as much as EUR 750 mn for on-lending to SMEs,…
State-owned Banque Misr is now the largest shareholder in EGX-listed CI Capital
M&A WATCH- State-owned Banque Misr is now the largest shareholder in EGX-listed CI Capital after acquiring another 9% stake in…
In line with consensus, Central Bank of Egypt leaves rates on hold in August meeting
CBE leaves rates on hold, in line with expectations: The Central Bank of Egypt (CBE) left interest rates unchanged for…
Faragalla Group secures EGP 995 mn syndicated loan from Egyptian banks
Faragalla Group has signed a EGP 995 mn syndicated loan agreement with CIB, the Arab African Bank, and the National…
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