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Ebtikar acquires additional 10% stake in e-payments firm Masary
M&A WATCH- Ebtikar acquires additional 10% stake in Masary: Ebtikar for Financial Investment, a joint venture between BPE Partners and…
NBFS
What we’re tracking on 22 July 2019
All eyes will be on the EGX for the next several days as Fawry gears up for its IPO, which…
Sarwa Capital gets Egypt’s first sukuk issuer license
Sarwa just got Egypt’s first sukuk issuer license: Consumer- and structured-finance player Sarwa Capital has been granted the country’s first…
Egypt’s market regulator grants UE Lease approval to offer factoring services
Arabia Investments Holding’s UE Lease has received preliminary approval from the Financial Regulatory Authority (FRA) to begin offering factoring services,…
Saudi Arabia signs EGP 125 mn-worth grants to support SMEs in Egypt
Saudi Arabia signs EGP 125 mn-worth agreements to support SMEs in Egypt: The Saudi Arabia Development Fund signed three agreements…
EFG’s valU to launch in Upper Egypt next quarter
EFG Hermes’ mobile app valU is planning to expand into Upper Egypt next quarter, starting with Minya and Assiut, CEO…
Egypt’s House Econ Committee to hold consultations on Consumer Credit Act with industry stakeholders
LEGISLATION WATCH- House to hold consultations on Consumer Credit Act with industry stakeholders: The House Economic Committee will begin holding…
Two companies express interest in issuing sukuk to FRA
Are we on the cusp of a sukuk issuance spree? Two unnamed companies partially owned by the government have expressed…
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