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Banque Misr launches MTO to snap up nearly all of CI Capital
CI Capital could soon be almost fully owned by Banque Misr: The state-owned bank filed a mandatory tender offer yesterday…
New regs for SME lenders
A new regulatory framework for SME lenders is now the law of the land after being published in the Official…
Fawry, CI Capital, MM Group make it into EGX30
Fawry is among five companies that have made it onto Egypt’s benchmark EGX30 index after the bourse completed a rebalancing…
Google threatens to quit Down Under
Also worth noting this morning: Fahad Al-Mubarak is once again the governor of Saudi Arabia’s central bank after Ahmed Alkholifey…
It’s gonna be ok…
Why the market accepted the Central Bank of Egypt’s freeze on cash dividends without batting an eyelid. Picking up where…
No (cash) dividend for you
Egyptian banks are barred from paying out cash dividends to shareholders on 2020 returns under instructions (pdf) issued yesterday by…
You now need a license to import food
Some food commodity news to start the week: Imports of food products without a license from the National Food Safety…
Banks will need to transfer funds within hours
Banks are now required to complete EGP transfers within a shorter timeframe under directions (pdf) from the Central Bank of…
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