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Bank Audi Egypt ≠ FAB in 2Q2021
First Abu Dhabi Bank is going to have to wait a while longer until it finalizes its acquisition of Bank…
NBG is officially saying goodbye to Egypt
The National Bank of Greece (NBG) is set to terminate its activities in the Egyptian market after having submitted a…
Under pressure
Egypt’s banks could face further pressure on net income in 2021 due to the lower interest rate environment and a…
The lockdown has been good to money launderers
Money laundering has flourished during the covid-19 pandemic: While the pandemic has put a dent on much business activity worldwide,…
Earnings watch: Banque du Caire
Banque du Caire’s net income dipped 19% y-o-y in 2020 to EGP 3.2 bn, down from EGP 3.95 the year…
Also on our Radar on 31 March 2021
Egypt-Sudan electricity link gets a boost: Siemens Energy was awarded a contract to build two grid stabilization stations in Sudan…
Also on our Radar on 25 March 2021
Legislation that would impose harsher penalties for FGM earned approval (somewhat begrudgingly) from the House Legislative Committee yesterday, after the…
Life is about to get easier for small businesses that want to go legit
SMART POLICY- Life is about to get easier for small businesses that want to go legit: The Central Bank of…
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