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FAB, Bank Audi confirm pause on acquisition talks
M&A WATCH- FAB, Bank Audi confirm acquisition talks are on ice: Bank Audi and First Bank of Abu Dhabi (FAB)…
National Bank of Egypt, Banque Misr sell EGP 121 bn of high-yield certificates
State banks sell EGP 121 bn of high-interest saving certificates: National Bank of Egypt (NBE) has sold EGP 82 bn…
Earnings watch: CIB, Qalaa Holdings report 1Q2020 earnings
EARNINGS WATCH- CIB profits fall 9% in 1Q2020: CIB’s net profits fell 9% y-o-y to EGP 2.4 bn during the…
Egyptian banks’ net foreign assets nearly halved in March amid covid-19 sell-off
“Egypt’s commercial banks provided USD to investors in March, helping keep the EGP stable during a bond selloff” in a…
Latest draft of the Banking Act is set to go to the House today; includes 1% industry development tax, appears to scrap proposed term limits on bank MDs
LEGISLATION WATCH- Latest draft of the Banking Act is set to go to the House today; includes 1% industry development…
Other experimental treatments
A host of startups are experimenting with treatments. One therapeutics company, Celularity, recently received approval to begin a clinical trial…
What we’re tracking on 29 April 2020
A (potential) ray of sunshine? Okay, so what we’re about to say is heavily caveated — we’re not epidemiologists any…
Egypt’s boards of directors get an “F” on gender parity for 2019
Egypt’s boards of directors get an “F” on gender parity for 2019: Egyptian companies failed to make headway on gender…
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