News
Emirates National Bank of Dubai (NBD) has been granted approval by the Central Bank of Egypt to start due diligence for acquiring Banque du Caire, a transaction potentially exceeding USD 1 billion (EGP 50 billion), as reported by two sources familiar with the matter to Asharq Business. One source, speaking anonymously to Asharq Business, revealed that "the government is pushing diligently to finalize this deal swiftly, with an expected completion within six weeks." This potential acquisition is part of Egypt's…
