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Boutique banks grab a slice of the M&A action
Boutique banks grab a slice of the M&A pie: The rise of “boutique” banks, many of which have been founded…
Egypt’s FRA wraps up Insurance Act consultations
LEGISLATION WATCH- Regulator wraps up Insurance Act consultations: The Financial Regulatory Authority (FRA) has wrapped up several rounds of consultations…
Is Egypt’s Electricity Ministry on a privatization drive?
Is the Electricity Ministry on a privatization drive? The Egyptian Electricity Holding Company (EEHC) could sell stakes in its electricity…
MM raises issued capital to EGP 383 mn from EGP 306 mn
MM Group for Industry and International Trade (MTI) has increased its issued capital to EGP 383.6 mn from EGP 306.9…
Elsewedy Electric agrees to EUR 42 mn loan from National Bank of Greece
Elsewedy Electric’s board of directors approved yesterday receiving a EUR 42 mn loan from the National Bank of Greece, according…
Crypto businesses will need to obtain licenses under proposed Banking Act
LEGISLATION WATCH- Aspiring crypto businesses are going to need licenses: Companies looking to establish digital currency and cryptocurrency platforms will…
Industrial Development Bank to contribute USD 10 mn to El Canal Sugar’s loan
The Industrial Development Bank is providing USD 10 mn in a syndicated loan for El Canal Sugar Company, a bank…
Maridive commissions Grant Thorton to prepare a FV report
Maridive & Oil Services has named Grant Thorton as independent financial advisor to prepare a fair value report for the…
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