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Novo Nordisk appoints new Egypt VP
MOVES- International healthcare firm Novo Nordisk has appointed AymanHassan as its new VP and general manager for Egypt, the company…
Egypt’s Banque du Caire net profits jump 60% y-o-y
EARNINGS WATCH- Banque du Caire’s (BdC) net profits jumped 60% y-o-oy to EGP 6 bn in 2019, according to Mubasher.…
More details emerge on executive regulations for amended Mineral Resources Act
REGULATION WATCH- We have more details on the Mineral Resources Act’s exec regs: Additional details have been released on the…
Did the FRA just make reverse takeovers possible?
REGULATION WATCH- Did the FRA just make reverse takeovers (aka: “reverse IPOs”) possible? The Financial Regulatory Authority (FRA) has made…
Mortgages in Egypt can now make up 10% of commercial bank portfolios
REGULATION WATCH- Central bank raises ceiling on mortgages as a percentage of bank loan books: Mortgages can now make up…
Amendments to set up Egyptian authority to regulate billboards receive committee approval
LEGISLATION WATCH- We’re one step closer to having someone in charge of regulating roadside ads and billboards (including their content):…
Four international institutions team up to develop hospitals in Egypt and Morocco using Commodity Murabaha finance structure
INVESTMENT WATCH- EBRD and IFC are among backers of a new greenfield hospital in Alexandria. Al Batterjia Medical Group, a…
Audi walks away from NBG bid, receives acquisition bids for online brokerage arm
M&A WATCH- Bank Audi walks away from NBG assets acquisition amid expected sale to FAB: Bank Audi is no longer…
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