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Egypt’s CBE amends tourism support initiative
The Central Bank of Egypt (CBE) amended some provisions of its tourism support initiative guaranteed by the…
Al Futtaim to invest EGP 2 billion in Egypt’s Cairo Festival City Mall expansions
Al-Futtaim Group Real Estate, the real estate development and operations arm of UAE's Al-Futtaim, is planning to…
CI Capital hires independent financial advisor to determine fair value of its share
CI Capital Holding for Financial Investments said on Monday it had appointed Baker Tilly Waheed Abdel Ghaffar &…
HSBC launches its first cashback credit card in Egypt
HSBC has launched its first cashback credit card in Egypt, giving retail customers up to 3 percent cashback on…
Alexandria National Co. receives acquisition offer for 90% of its shares
Alexandria National Company for Financial Investment has received an acquisition offer from an alliance led by…
First Abu Dhabi Bank obtains Egypt custody licence
First Abu Dhabi Bank (FAB), the largest bank in the United Arab Emirates, announced on Sunday it has obtained a…
Tender offer of Banque Misr for CI Capital starts today
Egypt’s stock exchange (EGX) announced on Sunday the start of Banque Misr’s tender offer for buying a controlling…
Al Ahli Bank of Kuwait–Egypt 2020 net profit grows 27% y-o-y
Al Ahli Bank of Kuwait–Egypt (ABK-Egypt) reported on Sunday a 27 percent year-on-year growth in net profit during…
IIF expects Egypt’s economy to grow 2.3% in FY2020/2021
Egypt’s economy is expected to grow 2.3 percent in the 2020/2021 financial year ending in June, The Institute of…
Egypt’s central bank launches initiative to cancel fees on activating e-collection…
The Central Bank of Egypt (CBE) launched an initiative to cancel all fees that private sector’s MSMEs bear to…
