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Agricultural Bank of Egypt names veteran banker Alaa Farouk as chairman
MOVES- National Bank of Egypt (NBE) retail CEO Alaa Farouk (LinkedIn) was reportedly tapped as chairman of the Agricultural Bank…
Gov’t moves ahead with USD 10 mn JV to promote Egyptian products in Africa
Gov’t moves ahead with USD 10 mn JV to promote Egyptian products in Africa: Public Enterprises Minister Hisham Tawfik met…
Cabinet finally approves Real Estate Registry Act
CABINET WATCH- Cabinet finally approves Real Estate Registry Act: The Madbouly Cabinet approved yesterday amendments to the Real Estate Registry…
The Egyptian-American Enterprise Fund’s 2019 shareholders’ letter
2019 was a “milestone” year for the Egyptian-American Enterprise Fund (EAEF), Chairman James Harmon wrote this week in his annual…
Central Bank of Egypt seeks to renew currency swap agreement with China
The Central Bank of Egypt (CBE) is considering renewing a currency swap with China that saw China deposit CNY 18…
Cleopatra, Alameda are in merger talks; ECA isn’t happy
M&A WATCH- Healthcare giants Alameda and Cleopatra are in merger talks — and the ECA isn’t too happy about it:…
Telecom Egypt to hire an investment bank to oversee STC’s MTO for Vodafone
M&A WATCH- Market regulator confirms STC must submit MTO for 100% of Vodafone Egypt, prompting TE to look for advisors:…
Egyptian actress Nadia Lutfi passes away at age 83
Popular Egyptian actress Nadia Lutfi died yesterday aged 83 following complications from an undisclosed illness, the Egyptian Actors Syndicate .…
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