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MEDAF Financial Leasing granted license to begin operations in Egypt
The Financial Regulatory Authority has granted MEDAF Financial Leasing, the subsidiary of investment holding group MEDAF Investments, a financial leasing…
First Abu Dhabi Bank pushes ahead with Bank Audi Egypt acquisition
M&A WATCH- First Abu Dhabi Bank pushes ahead with Bank Audi Egypt acquisition: First Abu Dhabi Bank (FAB) is proceeding…
Acrow Misr to expand in Africa
Acrow Misr eyes Africa expansion: Scaffolding and formwork manufacturer Acrow Misr is planning to set up a subsidiary in Tunisia…
Corporate bond issuers want to extend their maturities
DEBT WATCH- Corporate bond issuers want to extend their maturities: A number of players in the securitized bond market have…
Government spending on health, education, wages and welfare is set to increase in FY2020-2021
Government spending on health, education, wages and welfare is set to increase in the coming fiscal year, according to highlights…
Heavy net outflows from EM bond funds continue, but could brighter days follow?
Emerging market bond funds are continuing to see heavy net outflows, as investors seek to dump debt amid the economic…
Fawry MD resigns to set up USD 25 mn fintech investment fund
MOVES- Fawry MD resigns to set up USD 25 mn fintech investment fund: Mohamed Okasha has resigned from his position…
Central Bank of Egypt sells more t-bills than target for the first time in months
CBE overshoots t-bill auction target for the first time in weeks: The Central Bank of Egypt sold EGP 25.96 bn…
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