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CIRA, EGX sign cooperation agreement to promote financial literacy in Egypt
Leading private-sector education provider CIRA has signed a cooperation framework with the EGX to promote financial literacy in Egypt, EGX…
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Algebra Ventures joins USD 16 mn series ‘C’ funding for the UAE’s HolidayMe
INVESTMENT WATCH- Algebra Ventures joins USD 16 mn series ‘C’ funding for the UAE’s HolidayMe: Our friends at Algebra Ventures…
FRA brings Egyptian Accounting Standards in line with IFRS
The Financial Regulatory Authority (FRA) has amended the Egyptian Accounting Standards (EAS) to bring them in line with the IFRS,…
Investors to buy 20-25% stake in Ostoul Capital Group
M&A WATCH- Gulf investors are acquiring as much as 25% of Ostoul Capital Groupunder a planned capital increase, CEO Ali…
EBRD approves USD 24 mn loan for Andalusia Group
The European Bank for Reconstruction and Development (EBRD) has approved granting a USD 24 mn loan for healthcare provider Andalusia…
CBE plans to increase electronic POS around Egypt to 1 mn from 72.5k by 2021
The Central Bank of Egypt plans to increase the number of electronic points of sale around the country to one…
Moves: Compass appoints Tarek Rahman as managing director
MOVES- Private equity firm Compass has appointed Tarek Abdel Rahman (LinkedIn) as managing partner, according to a press release. Abdel…
National Bank of Egypt to roll out 500k “Meeza” debit cards in December
The National Bank of Egypt (NBE) is planning to roll out 500k national “Meeza” debit cards next month, through which…
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