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Banque du Caire’s IPO could happen by year-end
State-owned Banque du Caire’s IPO could materialize by the end of the year, with the lender postponing its plans to…
Banque Misr won’t hike its offer price for CI Capital
Banque Misr says it has no plans to hike the price it’s willing to pay to raise its stake in…
GlobalCorp aims to double its lending portfolio + NowPay eyes new fintech products
We have a smattering of debt + finance news to take note of this morning: Non-banking financial services provider GlobalCorp…
Al Ahly Capital closing in on Momken acquisition
Al Ahly Capital is reportedly in the final stretch of acquiring a majority stake in e-payment firm Momken in a…
What we’re tracking on 4 March 2021
Good morning, nice people. Congratulations on making it through another workweek. Today can neither be classified as busy nor slow…
Bank Audi Egypt = FAB in 2Q2021
Bank Audi will be fully integrated into First Abu Dhabi Bank (FAB) during 2Q2021 after receiving the approval of the…
Big banks flock to crypto despite warnings
Major banks and firms are raising their holdings in cryptocurrencies despite market volatility, leaving US authorities concerned about the creation…
Net foreign assets continue rising
Net foreign assets in Egypt’s banking sector inched up 4.1% m-o-m in January to reach USD 17.85 bn, up from…
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