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Arab investment bank acquisition deal value not determined yet: EFG Hermes
FG Hermes, The Egyptian Financial Group Hermes Holding, announced the value of the acquisition deal of the Arab Investment Bank (aiBANK) by EFG Hermes and The Sovereign Fund of Egypt (TSFE) has not…
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Egypt’s balance of payment will not be disrupted significantly by Suez Canal blockage: Moody’s
Egypt’s balance of payments will not to see a remarkable t disruption as a mega ship called, Ever Given, has been blocking the Suez Canal for almost a week, Moody’s announced on Monday.
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Africa Signs Historic Agreement with Johnson & Johnson for 400 Million Doses of COVID-19 Vaccines
The African union has successfully signed historic COVID-19 vaccine procurement Agreement with Johnson & Johnson for 400 Million Doses of COVID-19 Vaccines, according to AU chairman, President…
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Egypt’s economic reforms lead to €1.7B worth of German investments, Ambassador
The economic reform program undertaken by Egypt has encouraged German companies to inject €1.7 billion of investments in the country, and improved trade exchange between both states according to…
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Egypt’s Agricultural Bank expands ‘Bab Rizq’ microfinance programme to 150 branches
Agricultural Bank of Egypt (ABE), announced that the bank’s Bab Rizk programme for microfinance will be available in 150 of the bank’s new branches according to Alaa Farouk its Chairperson.
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Suez Canal Bank will up contribution in car replacement initiative, puts SMEs finance plan
The Suez Canal Bank (SCB) revealed that the bank aims to focus on car financing activities, Hussein Refaey, Chairperson and Managing Director said.
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Bank Audi Egypt to launch new internet, mobile banking applications soon
Bank Audi – Egypt has announced that it will launch advanced applications for internet services, named “Audi Online”, and mobile banking, named “Audi Mobile”, within days.
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Infinity expected to IPO as it builds energy platform across Africa
Infinity company is currently building an energy platform across Africa, and is expected to IPO in the near future.
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Fitch Solutions sees Egypt tourism sector not recovering in 2021
Fitch Solutions predicts that Egypt is among five emerging markets that may not witness recovery in their tourism sector in 2021 amid COVID-19 repercussions
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FRA agrees with Central Bank to establish fund to finance brokerage firms
The Central Bank of Egypt (CBE) and the Financial Regulatory Authority (FRA) have agreed, during an expanded meeting, to establish a fund to finance financial intermediation companies.
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