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EFG, Egypt’s sovereign fund look to take 76% stake in Arab Investment Bank
M&A WATCH- EFG, sovereign fund look to take 76% stake in Arab Investment Bank: EFG Hermes and the Sovereign Fund…
IMF forecasts deeper recession, slower recovery as virus fears linger
YOUR DAILY DOSE OF GLOOM- IMF forecasts deeper global recession, slower recovery as virus fears linger: The global economy will…
Hossam El Naggar appointed deputy CEO of Tanmeyah
MOVES- EFG Hermes subsidiary Tanmeyah Micro Enterprise Services has named Hossam El Naggar (LinkedIn) as deputy CEO, the local press…
Tarek Fahmy and Mohamed Amiri appointed chairman, vice chairman of Egyptian Leasing Association, Hosam El Naggar appointed deputy CEO of Tanmeyah
MOVES- The Egyptian Leasing Association has appointed AT Lease CEO Tarek Fahmy as chairman of the board and ADILease board…
Dice reports net losses of EGP 43.3 mn for 1Q2020
EARNINGS WATCH: Dice Sport and Casual Wear reported consolidated net losses of EGP 43.3 mn for 1Q2020, compared with the…
Amendments to development fees bill have been signed into law
LEGISLATION WATCH- Your dog food is about to get more expensive: President Abdel Fattah El Sisi signed into law yesterday…
Egypt’s market regulator approves 4 new insurance products from Sarwa Capital
Sarwa Capital has received approval from the Financial Regulatory Authority to roll out four new insurance products, head of technical…
FinMin to lay out plans to tighten state purse strings next fiscal year
FinMin to lay out plans to tighten state purse strings next fiscal year: The Finance Ministry is working on proposals…
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