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Is Ahli United Bank looking to sell its Egypt unit?
M&A WATCH- Is Ahli United Bank looking to sell its Egypt unit? Ahli United Bank could be looking to sell…
Concrete Plus Engineering signs EGP 1.8 bn syndicated loan agreement
Concrete Plus Engineering signed a EGP 1.8 bn syndicated loan agreement with the National Bank of Egypt and Qatar National…
Egypt’s foreign reserves remain flat in January
Foreign reserves remained essentially flat at USD 45.45 bn In January, up from USD 45.42 bn in December, according to…
Raya Holding to establish three subsidiaries in 1H2020
Raya Holding is joining the rush into non-bank financial services and aims to set up three subsidiaries in 1H2020, including…
CIB Overseas Banking: Tailored services for a global lifestyle
Are you living abroad and in need of reliable and convenient banking services in Egypt? CIB is proud to introduce…
Egyptian Investors Federation propose debt transfer scheme for faltering factories
The Egyptian Federation of Investors Associations proposed transfering faltering factories’ outstanding debts that fall between EGP 10 mn to EGP…
HSBC appoints Stephen Moss as regional chief executive
MOVES- HSBC Holdings has tapped Stephen Moss (LinkedIn) as a regional chief executive overseeing Europe, the Middle East, Latin America,…
Agricultural Bank of Egypt names veteran banker Alaa Farouk as chairman
MOVES- National Bank of Egypt (NBE) retail CEO Alaa Farouk (LinkedIn) was reportedly tapped as chairman of the Agricultural Bank…
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