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Egypt’s FRA signs off on new IPO regulations that could compel share buybacks
REGULATION WATCH- New IPO regulations from FRA compel share buybacks of stocks that underperform in their EGX debuts: The lead…
Banque Misr-led consortium agrees to increase loan for El Canal Sugar
A banking consortium led by Banque Misr has signed contracts to increase its syndicated loan to El Canal Sugar Company…
Sarwa Capital’s Plus Leasing in talks for EGP 600 mn loan
Sarwa Capital subsidiary Plus Leasing has begun talks with CIB, the National Bank of Egypt, and the Arab African International…
Egypt’s banks need to set aside additional capital for credit concentration risks
New requirements from Central Bank of Egypt on management of portfolio concentration risk: Commercial banks are now required to set…
CI Capital launches online trading platform Mahfazty
CI Capital announced yesterday it has launched Mahfazty, an online trading and brokerage services platform, according to a statement (pdf).…
Blom Bank sees Egypt profitability offsetting declining earnings in Lebanon
Lebanon’s Blom Bank expects profits from its operations in Egypt to offset its declining earnings in Lebanon, Chairman Saad Azhari…
CIB Chairman Hisham Ezz Al Arab on economic reform, financial inclusion
Egypt’s economic reform program is finally beginning to bear fruit as confidence and investment levels increase, our friend CIB Chairman…
Fitch raises credit rating for CIB, NBC
Fitch Ratings has upgraded long-term issuer default ratings for CIB and the National Bank of Egypt to ‘B+’ from ‘B’…
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