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EFG Hermes aims to have non-bank financial services deliver 50% of profits by 2021
EFG Hermes aims to have non-bank financial services deliver 50% of profits by 2021: EFG Hermes aims for non-banking financial…
Egypt’s benchmark EGX30 extends losses to a fifth straight day
The EGX30 posted its fifth straight day of losses yesterday as shares struggled to recover from a 3.8% drop on…
More what we’re tracking on 27 November 2018
MbS has arrived in town as part of his first regional trip after the Khashoggi affair, state news agency MENA…
Hermes’ ValU to launch new installment scheme for Swvl drivers soon
EFG Hermes’ ValU, which offers payment-on-installment solutions via a mobile app, is cooperating with mass transit app Swvl to soon…
Tarek Fahmy top candidate for sub-governor post at CBE
MOVES- Tarek Fahmy (LinkedIn) is the frontrunner to become the CBE’s new sub-governor for risk management and banking supervision, an…
Central bank “putting final touches” on revised Banking Act to present it by year end
LEGISLATION WATCH- The central bank is “putting the final touches” on the revised Banking Act and is on track to…
CBE to provide mobile lending services in 1H2019
Central bank to allow mobile lending in 1H2019 –report: The CBE allow mobile lending as early as 1H2019 as part…
FinMin, Federation of Egyptian Banks reach compromise on new accounting standards?
FinMin, Federation of Egyptian Banks working toward compromise on new accounting standards? The Finance Ministry and the Federation of Egyptian…
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