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Egypt’s Fawry to move into micro insurance brokerage early 2020
Fawry is planning to venture into micro insurance brokerage by early 2020, CEO Mohamed Okasha told the press, without providing…
Food producers move towards e-payments amid push for financial inclusion
Food producers have begun collecting their payments from retailers electronically through apps such as Fawry, Farm Frites General Manager Ahmed…
Egypt’s state-owned e-Finance to go public by the end of the year, says chairman
IPO WATCH- Is the e-Finance IPO back on for 2019? The planned initial public offering of state-owned payments platform e-Finance…
El Sewedy Capital plans expansion of non-banking financial services
El Sewedy Capital is looking to add financial leasing and microfinancing to its non-banking financial services, and establish an insurance…
Palm Hills to issue EGP 300 mn of securitization bonds
Palm Hills is planning to issue around EGP 300 mn of securitization bonds to pay off part of its debts…
Meetings of top Egyptian officials to discuss energy dominates airwaves
Energy projects and developments were the order of the day on last night’s talk shows as top officials held several…
GTH completes delisting process from Egypt’s stock market
Global Telecom Holding (GTH) has completed its delisting from the EGX by buying all of its EGX-listed shares (32.9 mn)…
Most Suez Canal certificate holders reinvest returns, Egyptian banks say
Most holders of Suez Canal certificates of deposit (CDs) reinvested their returns into other savings products after the CDs matured…
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