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EFG board greenlights Arab Investment Bank acquisition
EFG Hermes and the Sovereign Fund of Egypt are getting closer to acquiring a combined 76% stake in the Arab…
Managing director, non-executive chairman named for new central clearing and depository company
Yasser Zaazaa (bio) has been appointed managing director of the newcentralclearing and depository company for state debt issuances, while Central…
Current account deficit widens to USD 4.8 bn in 2Q2020-2021
Egypt’s current account deficit widened to USD 4.8 bn in 2Q2020-2021, from USD 3.2 bn in the same period last…
Inflation uptick as Ramadan approaches
Annual headline inflation accelerated slightly to 4.8% in March, up from 4.6% in February, state statistics bureau Capmas’ latest reading…
More financial inclusion for pensioners + PayTabs, valU services coming to LuLu
Pensioners will soon have access to “new electronic channels” to receive and use their monthly payments under an MoU the…
Slowly, but surely
Egypt's foreign currency reserves inched up by almost USD 140 mn in March to end the month at USD 40.34…
Also on our Radar on 4 April 2021
Speed Medical’s (SPMD) board of directors signed off on acquiring Prime Speed Medical Services in a EGP 1.8 bn transaction,…
Banks get a break on concentration risk regs
Banks are getting another nine-month break from regulations designed to limit concentration risk in the industry, the Central Bank of…
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