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Kenya-based ZEP-RE to set up shop in Egypt within one year
Kenya-based ZEP-RE (PTA Reinsurance Company) is looking to set up a regional office in Egypt within one year, a source…
Earnings watch: BdC, Domty, B Investments, NBE
EARNINGS WATCH- Banque du Caire reported a significant 221.5% jump in net profit after tax to EGP 2.5 bn in…
What we’re tracking on 1 April 2019.
No April Fools here: It’s the first day of April, starting the clock on 1Q19 earnings season. The resident 11-year-old…
Amr El Garhy appointed non-executive chairman of Misr Iran Development Bank
MOVES- CBE pushing for leadership shakeup in banking sector? The Central Bank of Egypt is actively shaking up the C-suites…
Against expectations, Central Bank of Egypt leaves interest rates unchanged
Central Bank of Egypt surprises as it leaves interest rates unchanged: The Central Bank of Egypt’s Monetary Policy Committee (MPC)…
CIB, AAIB to arrange EGP 1.7 bn for Wadi Degla Holdings
Wadi Degla Holdings has reached an agreement with CIB and the Arab African International Bank to arrange a EGP 1.7…
National Bank of Kuwait CEO Hassan steps down
MOVES- Yasser Ismail Hassan will step down as managing director of the National Bank of Kuwait effective from mid-May, Hassan…
Audi CEO Fayed steps down
MOVES- Mohamed Abbas Fayed (bio) has resigned as CEO and managing director of Bank Audi, effective end-April, Al Mal reports.…
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