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EFG looks to hire advisers for FAB acquisition bid
EFG Hermes is looking to appoint an international financial advisor and an Egyptian law firm to advise on First Abu…
Earnings watch: AMOC, ADCB Egypt
EARNINGS WATCH- Alexandria Minerals and Oil Company (AMOC) recorded EGP 407.5 mn in net income in 2H2021, compared to EGP…
THIS EVENING: EFG looks to tap advisors for FAB acquisition + Draft Labor Act gets final nod from House + Countries tell citizens to leave Ukraine
Good afternoon, folks: It’s a good news / bad news sort of afternoon, with reports of new investment into Egypt’s…
FRA announces guidelines to encourage responsible SME lending
The Financial Regulatory Authority (FRA) has set out responsible lending principles for non-bank SME financing products, according to a statement…
Are NFTs really booming — or are traders having us on?
All is not quite as it seems in the pixelated, unregulated world of NFTs: “Irregular sales” on nonfungible token (NFT)…
Credit Agricole Egypt reports highest quarterly earnings since 1Q2020
EARNINGS WATCH- Credit Agricole Egypt (CAE) generated its highest net income in almost two years in 4Q2021, reporting (pdf) a…
CBE confirms Standard Chartered en route to Egypt
Standard Chartered gets preliminary thumbs up from CBE to enter Egypt: The Central Bank of Egypt (CBE) has given preliminary…
Standard Chartered to open first branch in Egypt
Standard Chartered to open in Egypt: Kelma Akhira’s Lamees El Hadidi dropped the big business news of the night last…
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