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Egyptian bank CIB a huge opportunity after stock fall

DUBAI: Egypt’s Commercial International Bank (CIB) is a top pick of Neem Brokerage because of its attractive price-to-book ratio. It comes after the lender’s stock fell to its lowest levels since 2016 last week. The stock is down by more than 16 percent since the start of the year. “We see it is a huge opportunity,” Allen Sandeep, research director at Neem Brokerage told

Egypt s Commercial International Bank reports Q1 consolidated revenue of 6 27 billion Egyptian pounds

Musk caused bitcoin sell-off when Tesla said it would not accept the cryptocurrency Dogecoin jumped on Thursday after he tweeted How much is that Doge in the window? Updated 20 min 48 sec ago Reuters May 21, 2021 19:51 Washington: First he loved them, then he doubted them, but is he manipulating them? Tesla boss Elon Musk’s tweets about cryptocurrencies like bitcoin are annoying their devotees and raising eyebrows among market watchers. The saga started in February when Musk’s company Tesla announced it would buy $1.5 billion worth of bitcoin and later said it would accept the virtual currency as payment for its electric cars.

Top corporate deals of 2020

Top corporate deals of 2020 Monday December 28 2020 Cooperative Bank of Kenya officially acquired 90 percent stake in Jamii Bora Bank on August 21. FILE PHOTO | NMG By BRIAN NGUGI Summary Some of the recent merger and acquisitions activity cut across key sectors including financial services, renewable energy and technology. This is expected to intensify. Below are some of the top deals for 2020. Some of the recent merger and acquisitions activity cut across key sectors including financial services, renewable energy and technology. This is expected to intensify. Below are some of the top deals for 2020. Co-operative Bank acquires Jamii Bora Bank for Sh1bn

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