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The finance industry should be cheering the ‘upheaval’ at Beltone
Employees at Beltone SME have reportedly resigned en masse in what Bloomberg Asharq reports is opposition to a restructuring being…
GB Auto okays MNT stake sale after accepting fair value study
GB Auto approves MNT stake sale: GB Auto’s board has greenlit plans to sell a 7.5% stake in MNT Investments…
MNT agrees to sell 21.7% stake to Chimera Investments
Chimera snaps up c.22% of MNT Investments: Netherlands-based MNT Investments — which is majority-owned by GB Auto subsidiary GB Capital…
THIS EVENING: Chimera wants 45% of GB Lease + Expedition isn’t upping its MTO for Domty. Plus: It’s energy everywhere abroad
Happy almost-THURSDAY, friends. It’s almost the weekend, and we have a capital markets-heavy news day to show for it. But…
Beltone elects new board members following Chimera acquisition
Beltone Financial shareholders have elected four new board members as part of its restructuring of the board following Chimera Investments’…
THIS MORNING: Are some Egyptian banks finally issuing letters of credit to importers?
Good morning, wonderful people, and happy Wednesday to you all. It’s yet another busy news day, but before you dive…
Dalia Khorshid appointed Beltone CEO
Former investment minister and Masar chairwoman Dalia Khorshid (LinkedIn) has been appointed the new managing director and CEO of Beltone…
THIS EVENING: Chimera’s acquisition of Beltone is now executed + The Bank of England delivered its biggest rate hike since ‘95
Happy THURSDAY, wonderful people. We’re never sure if the summer slowdown is real, but we’re almost certain that summer Thursdays…
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