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EBE to launch factoring arm with ECGE, NIB, National Bank of Egypt in 2Q2020
The Export Development Bank of Egypt (EBE) is planning to launch a EGP 50 mn factoring arm in 2Q2020, Board…
AT Lease plans EGP 1 bn securitized bond offering in 3Q
DEBT WATCH- AT Lease plans EGP 1 bn securitized bond offering in 3Q: AT Lease is planning to issue EGP…
MM Group looks to take Ebtikar, e-payments company public on EGX in 2021
IPO WATCH- MM Group looks to take Ebtikar, e-payments company public on EGX in 2021: Industry and trade group MM…
EFG Hermes’ ValU partners with PayFort to offer installment option for e-commerce
EFG Hermes’ installment payment solutions app ValU has partnered with Amazon’s PayFort to offer payment plans to e-commerce stores and…
Sarwa Capital profits up 37% in 2019
EARNINGS WATCH- Sarwa profits up 37% in 2019: Sarwa Capital’s net profit rose 37% to EGP 389 mn in 2019…
ADIB Egypt to exit from 34 NBFS subsidiaries
ADIB Egypt to exit 34 legacy NBFS subsidiaries: Abu Dhabi Islamic Bank (ADIB) Egypt is liquidating 28 of its subsidiaries’…
Egypt’s House approves data protection, consumer credit acts + amendments to anti-terrorism act
LEGISLATION WATCH- Lawmakers had a busy day yesterday, giving final votes of approval to several key pieces of legislation. Among…
EFG is looking to consolidate its leasing and factoring arms
EFG Hermes is looking to consolidate its leasing and factoring arms into one entity, EFG Hermes Leasing CEO Ahmed El…
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