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First Abu Dhabi Bank to buy Egypt's EFG Hermes

RIYADH: UAE lender First Abu Dhabi Bank has set the wheels in motion for the purchase of a 51 percent stake in Egypt’s Investment bank EFG Hermes, which could be its biggest acquisition in Egypt. The bank. also known as FAB, offered $1.20 per share, valuing EFG Hermes at $1.2 billion, it said in a press release. ....

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The Seventh Edition of "Egypt for the Best Summit"-SIS

The Seventh Edition of "Egypt for the Best Summit"-SIS
sis.gov.eg - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from sis.gov.eg Daily Mail and Mail on Sunday newspapers.

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Egyptian FRA seeking to issue $400m of green bonds: CEO

RIYADH: The Egyptian Financial Regulatory Authority is seeking to issue green bonds worth $400 million before the end of this year. FRA has filed an application to form special purpose acquisition companies, also known as SPACs, with an acquisition size of between $54 million and $81 million, Mohamed Omran, the Egypt’s FRA’s head, told CNBC Arabia. In the interview, Omarn ....

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Fintech law to expand customer base of non-banking activities: FRA of Egypt

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Mohamed Omran , Financial Regulatory Authority ,

FRA reviews figures of insurance activity in Egypt during 2021

Omran explained, during a conference held, Monday, that the total insurance premiums during 2021 rose to LE 47.5 billion, compared to LE 40.1 billion during 2020, marking an increase of about 18.5 percent.

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Al Qahirah , Mohamed Omran , Head Of The Egyptian Financial Regulatory Authority , Egyptian Financial Regulatory Authority ,