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CBE sells almost USD 1 bn in one-year USD t-bills
The Central Bank of Egypt sold USD 975.4 mn of one-year USD-denominated treasury bills in an offering that was 1.3x…
Parliament gives preliminary thumbs-up to Banking Act
LEGISLATION WATCH- House approves proposed Banking Act “in principle”: The House of Representatives yesterday gave preliminary approval to the proposed…
Al Ahly Capital to enter healthcare sector with hospital purchase
M&A WATCH- Al Ahly Capital to enter healthcare sector with hospital purchase: Al Ahly Capital Holding, the investment arm of…
CI Capital appoints Hesham Gohar as CEO for investment banking
MOVES- CI Capital has tapped Hesham Gohar (LinkedIn) as CEO of its investment banking arm (covering IB, capital markets and…
Egyptian banks’ net foreign assets nearly halved in March amid covid-19 sell-off
“Egypt’s commercial banks provided USD to investors in March, helping keep the EGP stable during a bond selloff” in a…
Latest draft of the Banking Act is set to go to the House today; includes 1% industry development tax, appears to scrap proposed term limits on bank MDs
LEGISLATION WATCH- Latest draft of the Banking Act is set to go to the House today; includes 1% industry development…
What we’re tracking on 3 May 2020
Welcome to the month of May, ladies and gentlemen. Pandemic or not, we’re sprinting toward summer and … staycations? It’s…
CIB
Doing more with your money is a surefire way to improve your quality of life and peace of mind. With…
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