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Blom Bank confirms potential Egypt exit
M&A WATCH- Blom Bank confirms potential Egypt exit as Lebanon falls into deeper economic crisis: Lebanon’s Blom Bank confirmedyesterday that…
Marakez signs EGP 670 loan agreement with local banks for Mall of Katameya
Fawaz AlHokair Group’s mall development company Marakez has signed a EGP 670 mn syndicated loan agreement with local banks to…
Allianz to insure CIB’s cyber risks of banking services
CIB has signed a contract with Allianz to provide an insurance product that covers the cyber risks of banking services…
Emirates NBD eyes purchase of Blom Bank’s Egypt assets
M&A WATCH- Emirates NBD is considering purchasing Blom Bank’s Egypt assets, HapiJournal reports, citing unnamed sources familiar with the matter.…
Prime Holding launches subsidiary Prime Fintech, reduces stake in AT Lease
Prime Holding has launched a fintech subsidiary, Prime Fintech, according to a press release (pdf). The new company comes as…
Enterprise Poll: Central Bank of Egypt to leave rates on hold in August 2020
ENTERPRISE POLL- CBE likely to leave rates on hold when it meets this Thursday: The Central Bank of Egypt (CBE)…
FRA grants 45 companies non-banking financial services licenses in 2020
Eight companies have received licenses to provide non-banking financial services this year from the Financial Regulatory Authority (FRA), according to…
Egyptian Media Production City acquires 97.5% of Arab Hotel Company
M&A WATCH- Media Production City increases holdings in Arab Hotel Company: State-owned Egyptian Media Production City (EMPC) has acquired a…
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