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Karim Soos appointed as National Bank of Egypt’s retail CEO
MOVES- Karim Soos (LinkedIn) has been appointed as the National Bank of Egypt’s retail CEO, succeeding Alaa Farouk, Masrawy reports.…
Raya receives a bid for 31% stake in its transport arm
M&A WATCH- Raya receives a bid for 31% stake in its transport arm: Raya Holding has received a EGP 133…
Raya Holding to establish three subsidiaries in 1H2020
Raya Holding is joining the rush into non-bank financial services and aims to set up three subsidiaries in 1H2020, including…
Agricultural Bank of Egypt names veteran banker Alaa Farouk as chairman
MOVES- National Bank of Egypt (NBE) retail CEO Alaa Farouk (LinkedIn) was reportedly tapped as chairman of the Agricultural Bank…
Last night’s talk shows for Sunday 19 January 2020
Business and econ finally got a brief look-in on the airwaves last night after more than a week of pure…
EGPC borrows USD 500 mn from Afrexim, NBE to finance crude imports
The Egyptian General Petroleum Corporation (EGPC) will borrow USD 500 mn from the African Export-Import Bank (Afrexim) and the National…
Al Ahly Medical to open EGP 100 mn hospital in Mokattam
National Bank of Egypt-owned Al Ahly Medical Services plans to open a EGP 100 mn hospital in Mokattam in the…
Egypt’s Ahly Capital to fully acquire Pharos Securities
M&A WATCH- Ahly Capital to fully acquire Pharos Securities: National Bank of Egypt-owned Al Ahly Capital has signed a final…
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