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EFG, SFE closing in on AIB acquisition + El Salhiya is on the block
The Sovereign Fund of Egypt and EFG Hermes look set to wrap up their acquisition of Arab Investment Bank this…
What the markets are doing on 7 April 2021
The Central Bank of China will soon begin issuing a crypto-like digital Yuan designed to be independent of the global…
What the markets are doing on 6 April 2021
The market value of cryptocurrencies has doubled in just two months to more than USD 2 tn as institutional investors…
Banque Misr inks USD 100 mn loan agreement with JICA for SME lending
Banque Misr has signed a USD 100 mn financing agreement with the Japan International Cooperation Agency (JICA) and Sumitomo Mitsui…
Operation tax + spend
Higher tax revenues will be used to subsidize increased government spending in the coming fiscal year, Finance Minister Mohamed Maait…
At least two state companies could hit the EGX in 3Q2021
Two or three state-owned companies will sell shares on the EGX in 3Q2021, reviving the long-dormant state-privatization program, Public Enterprises…
What the markets are doing on 5 April 2021
Morocco’s debt is now rated junk after S&P downgraded the north African country’s long-term FX and local currency rating to…
NBFS player MLF plans to increase portfolio to EGP 2 bn in coming year
Non-banking financial services player MLF Finance is seeking to double the size of its portfolio to EGP 2 bn by…
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