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Banks have until September to comply with new capital requirements
Banks now have until 14 September to comply with the new capital requirements in the 2020 Banking Act after the…
THIS EVENING: Lekela Power could invest up to USD 1 bn in Egypt in next four years + Fresh sanctions, civilian evacuations dominate Russia-Ukraine news
Happy almost-THURSDAY, wonderful people. We have a relatively quiet news cycle here at home, coupled with the mandatory developments on…
Housing and Development Bank, Palm Hills report rise in net income
Housing and Development Bank’s (HDB) net income rose 5% in 4Q 2021 to EGP 396 mn, according to the bank’s…
Aramco sells 49% stake in its natgas pipelines + FAB lines up USD 500 mn in sukuk
Aramco closes USD multi-bn sale of minority stake in natgas pipelines: An investor group led by BlackRock has acquired a…
Egyptian gas exports to Lebanon are waiting on Washington + valU expands partnership with Waffarha
Gas supplies to Lebanon waiting on “final” US approval + World Bank financing: Cairo is “waiting for the final green…
FAB could sell payments business, Delek rebrands
Brookfield eyes FAB’s payment business: Canadian asset management giant Brookfield is reportedly in talks to acquire Magnati, First Abu Dhabi…
TONIGHT: EFG Hermes greenlights FAB due diligence + appoints Goldman to advise; Jordan PM covid positive following business talks in Cairo; Another day, another scandal at Credit Suisse.
We really can’t seem to a catch a break from the barrage of news that 2022 is throwing our way:…
Is Goldman Sachs being tapped to advise EFG on FAB’s acquisition bid? Plus: Old Mutual has competition for Lekela stake.
EFG Hermes plans to pick Goldman Sachs to advise shareholders on First Abu Dhabi Bank’s (FAB) acquisition bid, Bloomberg reported…
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