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Mashreq Bank gets Euromoney kudos + Axa, Tamweely, Intella get gongs
Our friends at Gulf lender Mashreq Bank were named market leader in the UAE in Euromoney’s 2023 Trade Finance Survey…
YBG acquitted of corruption charges
A Cairo Criminal Court acquitted Mubarak-era finance minister Youssef Boutros Ghali of (frankly unjust) corruption charges in a retrial, according…
Egypt’s first Islamic microfinance license goes to Maksab
Little known company aims to push into Islamic microfinance in Egypt: The Egyptian Microfinance Company (Maksab) has become the first…
Tamweely is getting into green financing
Microfinance player Tamweely is rolling out green financing products geared towards eco-friendly projects in the agriculture sector, the company said…
Tasaheel securitizes USD 150 mn of its loan book
MNT-Halan’s microfinance subsidiary Tasaheel has closed a USD 150 mn (c.EGP 2.8 bn) securitized bond issuance as part of a…
EFG’s Tanmeyah acquires B2B marketplace Fatura
EFG Hermes’ microfinance arm Tanmeyah has acquired B2B e-commerce marketplace Fatura in a stock and cash transaction, it said in…
We like debt and insurance, but hate stocks
The Financial Regulatory Authority is out with its quarterly report (pdf) detailing the state of capital markets in 1Q2022, and…
THIS MORNING: USD 10 bn additional burden + Latvian FM in town + wheat can’t get out of Ukraine and India isn’t helping…oh, and the Fed.
Good morning, ladies and gentlemen, and welcome to another issue of the government and the private sector playing whack-a-mole with…
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