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EGP eases to three-month lows against the greenback
EGP WATCH- EGP eases to three-month lows against the greenback: The EGP dipped yesterday to its lowest level against the…
FAB, Bank Audi confirm pause on acquisition talks
M&A WATCH- FAB, Bank Audi confirm acquisition talks are on ice: Bank Audi and First Bank of Abu Dhabi (FAB)…
What we’re tracking on 19 May 2020
It looks like many private-sector businesses will be required to give employees a five-day Eid next week. A Cabinet statement…
Earnings watch: Rameda Pharma, Credit Agricole Egypt, ADIB, EIPICO, Vodafone Egypt
EARNINGS WATCH- Rameda profits soar in 1Q: Rameda Pharma almost trebled its profits in 1Q2020, recording net income of EGP…
Cairo Airport seeking EGP 1.2 bn loan to refurbish Terminal 1
Cairo Airport seeking EGP 1.2 bn loan to refurbish Terminal 1: The Cairo Airport Company has approached the National Bank…
House approves draft Banking Act with new provisions
LEGISLATION WATCH- House approves draft Banking Act with new provisions: The House of Representatives has approved the long-awaited Banking and…
Innoventures in talks with potential LPs to raise USD 100 mn fund for food startups
INVESTMENT WATCH- Innoventures in talks with potential LPs to raise USD 100 mn fund for food startups: Local startup investor…
FAB places Bank Audi Egypt acquisition on ice
M&A WATCH- First Bank of Abu Dhabi (FAB) has put on ice its plan to acquire Bank Audi’s Egypt assets…
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