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Italian investments in Egypt to reach USD 3.2 bn in 2020
INVESTMENT WATCH- Italian businesses will double their investments in Egypt to EUR 3.2 bn next year, President of the Italian…
EFG, GB NBFS arms team up to acquire majority stake in Tokio Marine Egypt Family Takaful
M&A WATCH- EFG Hermes, GB Auto jointly acquire majority stake in Tokio Marine Egypt: A consortium of EFG Hermes and…
What we’re tracking on Monday, 23 December 2019
The long-awaited cabinet shuffle materialized yesterday, bringing six new faces to the cabinet table and a handful of surprises, including…
AAIB looks for partners in EGP 2.1 bn syndicated loan for MNHD
The Arab African International Bank (AAIB) has approached several local banks to contribute to a EGP 2.1 bn loan it…
Eipico acquires a 10% stake in Medical Union
M&A WATCH- Eipico acquires a 10% stake in Medical Union: Pharma player Eipicohas acquired a 10% stake in Medical Union…
Enterprise poll: Central Bank of Egypt to keep rates on hold in final meeting of 2019
SURVEY- Economists expect CBE to keep rates on hold in final meeting of 2019: The Central Bank of Egypt (CBE)…
Prime Holding to launch its consumer financing arm in March
Prime Holding will launch its consumer financing arm by March 2020, recently-appointed CEO Mohamed Maher told the local press. The…
Prepaid card market in Egypt to grow by 18.2% by 2023
Egypt’s prepaid card market is expected to grow at a compound annual rate of 18.2% by 2023, after growing 24.1%…
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