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First Abu Dhabi Bank resumes talks to acquire Bank Audi Egypt
M&A WATCH- First Abu Dhabi Bank (FAB) has resumed talks with Bank Audi to acquire the Lebanese lender’s Egypt unit,…
Building a service industry business with Bahaa Alieldin
If your company sells the experience of its employees, it faces the same set of issues as other service providers.…
Lulu plans new hypermarket in New Cairo
Indian retailer Lulu is in talks with the New Urban Communities Authority to establish a hypermarket in New Cairo’s First…
Egypt to expand program to support poor students
SMART POLICY- As many as 1 mn additional students are lined up for state support to fund their education under…
Egycomex to begin trading in wheat in 1H2021
Egypt’s Commodities Exchange (Egycomex) will begin trading in the first half of 2021 and will launch with only wheat as…
Bank ABC to wrap up due diligence on Blom Bank Egypt in mid-November
M&A WATCH- Bahrain’s Arab Banking Corporation (Bank ABC) will wrap up due diligence on Blom Bank Egypt in mid-November, ahead…
Ahli United Bank purchases 30 mn shares in AUB Egypt
M&A WATCH- Bahrain’s Ahli United Bank (AUB) has purchased more than 30 mn shares in its Egypt unit alongside Misr…
CIB begins implementing Central Bank of Egypt’s corrective measures
CIB is working with auditors to address issues detected by a recent regulatory probe that found “regulatory, compliance, and governance…
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