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Banque du Caire postpones IPO on market turmoil -chairman
IPO WATCH- Banque du Caire postpones IPO on market turmoil, chairman confirms: State-owned Banque du Caire (BdC) has shelved plans…
House looks to resurrect tithe on bank profits to support industry fund; separate levy would create emergency bailout fund
LEGISLATION WATCH- Remember that proposed tithe on bank profits to endow an industry development fund? Legislators want to resurrect it.…
Egyptian state-owned banks snap up TMG sukuk issuance
State-owned banks snap up TMG sukuk issuance: Three state-owned banks have taken 97.25% of the EGP 2 bn of sukuk…
Mansour Amer takes over as Amer Group chairman
MOVES- The Amer Group board has nominated Mansour Amer to become its new chairman after Hisham Arafat resigned from the…
Ethiopia to maintain GERD timetable despite covid-19
Ethiopia to maintain GERD construction, filling timetables despite covid-19: Ethiopia intends to continue work on the Grand Ethiopian Renaissance Dam…
National Bank of Egypt, Banque Misr sell EGP 70 bn of high-interest CDs
State banks sell EGP 70 bn of high-interest savings certificates in three weeks: Around EGP 70 bn has been invested…
Ebtikar becomes sole shareholder of Vitas Egypt after acquiring remaining 50% stake
M&A WATCH- Ebtikar becomes sole shareholder of Vitas Egypt after acquiring remaining 50% stake: Ebtikar Financial Investments has purchased the…
Pharma chain 19011 buys Roshdy for EGP 362 mn
M&A WATCH- Pharma chain 19011 has acquired 100% of Roshdy Group in a transaction worth EGP 362 mn, according to…
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