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CI Capital reports 46% increase in net profits
EARNINGS WATCH- CI Capital reports 46% increase in profits: CI Capital net profits increased 46% in fiscal 2019 to EGP…
ALC Alieldean Weshahi & Partners name El Khodary, Sholkamy as partners, rebrand
MOVES- Our friends at ALC Alieldean Weshahi & Partners announced both physical and people moves in a note to clients,…
Fintech startup Liwwa raises USD 6 mn in equity investment
STARTUP WATCH- Amman-based Liwwa has raised USD 6 mn in equity investment, which it will use to fuel growth in…
Mobile-based loan app Kashat launches, offering users up to EGP 1,500
STARTUP WATCH- Egypt’s first nano-financing loan provider, Pharos-backed Kashat, has officially launched, Menabytes reports. The app, which is a joint…
Final agreement on GERD within reach?
GERD talks in the final stretch? Egypt, Ethiopia, and Sudan agreed last week to mandate the US Treasury Department and…
Central Bank of Egypt shuffles its committees
The Central Bank of Egypt (CBE) has shuffled its audit, management, and capital markets and banking reform committees. Financial Regulatory…
EGX enables ETF market makers to place orders without a minimum amount
REGULATION WATCH- Bourse enables ETF market makers to place orders without a minimum amount: The EGX has scrapped regulatory requirements…
Exporters owed less than EGP 5 mn to receive overdue subsidies without delay- Egypt’s trade minister
Exporters owed less than EGP 5 mn in overdue subsidies will receive their full arrears without delay, Trade Minister Nevine…
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