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Planet Finance: Standard Chartered is pulling back from MEA, but still wants to enter Egypt
Standard Chartered plans major exit in MEA markets — but still wants to enter Egypt: Standard Chartered is completely shutting…
EFG Hermes Saudi appoints new CEO + Aspire Capital gets a new non-exec chair
Saud Altassan (LinkedIn) has been appointed as the CEO of EFG Hermes, Saudi, according to a press release (pdf) out…
Yemen’s exiled president hands power to new council following ceasefire
Yemeni president stands down as Saudi, UAE signal they want an end to war: Yemen’s president-in-exile Abed Rabbo Mansour Hadi…
Reserves dip to USD 37 bn as CBE deployed excess liquidity to “calm the markets” –statement
Egypt’s foreign reserves declined last month for the first time since the early days of the covid pandemic as the…
“Biggest supply crisis in decades” fast approaching as Russian sanctions threaten oil output, says IEA
Are we on the doorstep of a global oil supply shock? “Unprecedented” sanctions imposed on Russia over the past several…
Egypt in the News: Helping hands from our friends in the Gulf and at the IMF
Budgets and international backing are getting attention in the foreign press this morning: Reuters is picking up on pledges from…
Giza Systems board nods to STC takeover
STC is taking a majority stake in Giza Systems: A subsidiary of Saudi Telecom (STC) is on course to take…
PIF could invest in Al Wataniya, Siemens power plants + ADQ could buy stakes in unlisted Egyptian firms -Soliman
Wataniya + Siemens power plants on the table for Saudi PIF: Saudi Arabia’s sovereign wealth fund could take stakes in…
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