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State exits microfinance player Tamweely after EGP 2.8 bn buyout by int’l consortium
The acquisition comes just ahead of our fourth IMF loan program review in late September
The future of B Investments’ stake in Gourmet is up in the air
B Investments is looking into either fully exit or increase its 53% stake in the compay
Hassan Abdalla gets another year as CBE governor
Abdalla has been the governor of the CBE since 2022
Emaar Misr, B Investments, Credit Agricole, and more join EGX30 after index review
The shariah-compliant index also saw new entries
Vanguard worries US regulators could put caps on the stakes passive funds take in banks and utilities
Passive funds are under fire from the left for failure to act on climate and on the right for practicing…
CI Capital one step closer to EGX33 fund. PLUS: Zaldi Capital, Obour Land, Qalaa Holdings, Gypto Pharma, Fujifilm, EgyptAir, Knauf
CI Capital wants to be “the country’s first” fund investing in shariah-compliant stocks
Bajaj’s Qute microcar to be manufactured by GB Auto, Military Production Ministry. PLUS: PPP education platform returns? FABMisr + Cayesh, Premium Diagnositcs UAE + City Lab, Fawry, SFE + B Investments
AUTOMOTIVE- GB Auto, Military Production Ministry to manufacture Bajaj vehicle locally: GB Auto subsidiary Itamco and the Military Production Ministry’s…
SFE acquires a 20% stake in Care Pharmacies. PLUS: City Lab offloads 13.8% of the company on the EGX
The SFE will take control of 45 branches of the company out of 220 in total, under the agreement
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