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More leasing, please.
GlobalCorp Financial Services is in talks with seven banks to borrow at least EGP 1.4 bn to back its leasing…
Banque du Caire to launch its Tally e-payments arm by year-end
State-owned Banque du Caire will roll out its new e-payments arm, dubbed “Tally”, by the end of this year, a…
SME fund lands EGP 280 mn in commitments from local banks
Catalyst Partners has secured EGP 280 mn in commitments from local banks for an EGP 500 mn SME investment fund…
Moves: Arabia Investments taps Hazem Mostafa as CEO; Amr Ali appointed to head EAEA
Arabia Investments Holding has appointed Hazem Mostafa as its new CEO effective 1 May, the company said ina statement to…
Blom Bank is one step closer to leaving Egypt
The acquisition of Blom Bank Egypt by Bahrain’s Bank ABC will get approval from the Central Bank of Egypt (CBE)…
Unionaire rebrands as UGT
Unionaire Group Technology has announced its rebranding toUGT. The new entity will include Unionaire, Premium, Fine Stone and TCL, and…
Evergrow mulls offering 40% stake in IPO
Egyptian fertilizer company Evergrow plans to offer a 40% stake in an IPO on the EGX in 2023, Chairman Mohamed…
Banks can start issuing deposit-backed electronic currencies under new CBE regs
Commercial banks are now allowed to issue e-currencies under newregulations (pdf) announced by the central bank yesterday. One unit of…
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