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Ahli United Bank purchases 30 mn shares in AUB Egypt
M&A WATCH- Bahrain’s Ahli United Bank (AUB) has purchased more than 30 mn shares in its Egypt unit alongside Misr…
CIB begins implementing Central Bank of Egypt’s corrective measures
CIB is working with auditors to address issues detected by a recent regulatory probe that found “regulatory, compliance, and governance…
Egypt’s economy to grow by 3.3% in FY2020-21 -Reuters poll
Egypt’s economy will grow at a 3.3% clip during the current fiscal year, according to a Reuters poll of economists.…
Legislation watch: House to approved SMEs Act regs, Egypt to set up national council for healthcare
LEGISLATION WATCH- The executive regulations of the SMEs Act should get the House of Representatives’ final approval at the end…
FinMin to complete Meeza card rollout within a year
All public sector salaries will be paid out through Meeza cards within a year, replacing the government-issued cards currently in…
CIRA’s school in New Mansoura is now up and running -El Kalla
Leading private sector education outfit CIRA has opened the doors of its new Regent British School in New Mansoura, Chairman…
Apex to manage Lorax Capital’s LCP II fund
PRIVATE EQUITY WATCH- Egyptian PE outfit Lorax Capital has appointed financial services provider Apex Group as fund administrator to its…
Azimut’s inaugural Egypt bond fund sees huge investor demand
INVESTMENT WATCH- Azimut’s inaugural Egypt bond fund sees huge investor demand: Azimut’s new Egypt-focused fixed-income fund AZ-Savings was 6x oversubscribed…
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