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CBE: 4.7 million microentrepreneurs received finance of EGP 78 bn

CBE: 4.7 million microentrepreneurs received finance of EGP 78 bn
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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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