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Rasmala plans to grow Assets under management to EGP 7.5 bn in 2017
Rasmala is planning to grow its assets under management by 15.4% to EGP 7.5 bn by the end of 2017,…
Banking
United Bank to offer mobile banking services starting this January
United Bank will be activating its mobile banking services as of this month, after introducing internet banking last December, Al…
EGX issues new regs governing rights issues for OTC market companies
The EGX has issued new regulations governing the transfer of rights issues during the capital increase of non-listed companies whose…
NSB joins NADAQ Dubai’s Equity Futures Platform
Naeem Holdings’ brokerage arm, Naeem Shares and Bonds (NSB), officially joined the Nasdaq Dubai’s Equity Futures platform on Wednesday, Al…
EEHC seeking EGP 10 bn loan to fund future expansions
The Egyptian Electricity Holding Company (EEHC) is seeking an EGP 10 bn loan from banks to fund future expansions in…
CBE governor to meet with Investor Associations next week to resume talks on pre-floats LCs
CBE Governor Tarek Amer will meet with members of the Union of Egyptian Investors Associations early next week to resume…
CBE approves EGP 2.5 bn capital increase for United Bank of Egypt
The central bank has approved an EGP 2.5 bn capital increase for the United Bank of Egypt, ahead of its…
QNB to increase authorized and paid-in capital through bonus issue
Qatar National Bank Alahly (QNBA) received the board of director’s nod to increase its authorized capital by EGP 5 bn…
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