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International news on 3 May 2016
A handful of international stories worth a note this morning if you have a moment: Front page news in the…
Seven of 10 top global squash players are Egyptian as Abdel Gawad takes number-one slot
Seven of 10 top global squash players are Egyptian: Egyptian squash players are sitting pretty at the top of this…
Earnings watch: Juhayna
EARNINGS WATCH- Juhayna reported a 28% y-o-y drop in its net income in 1Q2017 to EGP 58 mn, according to…
Attijariwafa completes acquisition of Barclays Egypt
M&A WATCH- Morocco’s Attijariwafa Bank completed its acquisition of 100% of Barclays Bank Egypt yesterday for c. USD 495 mn,…
CI Capital’s new post-sale board of directors to convene on 11 May
CI Capital’s new board of directors will meet on Thursday, 11 May for the first time since CIB sold a…
Auto sales down 46.5% y-o-y in 1Q2017 -AMIC
Automotive sales fell 46.5% year-on-year in 1Q2017 to 26.5k vehicles, down from 49.6k during the same period in 2016, according…
Tahrir Institute briefs journos on AmCham Doorknock mission to US
Dispatch from DC: Enterprise attended a meeting at the Tahrir Institute for Middle East Policy in Washington, DC. The get-together…
Remittances up 13.8% in the five months since the float of the EGP compared to the same period a year prior
Investors aren’t the only ones who like the float of the EGP: The central bank announced yesterday that Egyptians living…
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