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Teneo Launches Financial Advisory Business in the Middle East

Teneo Launches Financial Advisory Business in the Middle East
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Teneo Launches Financial Advisory Business in the Middle East

Teneo Launches Financial Advisory Business in the Middle East

New York-based Teneo said on Monday it was launching a financial advisory business in the Middle East.

The company has hired restructuring veterans Matthew Wilde and Elie Fakhoury from AlixPartners, it said, Reuters reported.

Wilde was involved in the restructuring of Dubai builder Arabtec and hospital operator NMC healthcare, while Fakhoury has worked on projects for clients such as Abraaj Group.

Teneo already operates in the fields of strategic communications, management consulting and risk advisory services in the region,

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Egypt Central Bank Keeps Key Interest Rates Unchanged

A general view of Cairo skyline during sunset, with foggy cold weather around the country, Cairo, Egypt February 2, 2023. REUTERS/Amr Abdallah Dalsh/File Photo
A general view of Cairo skyline during sunset, with foggy cold weather around the country, Cairo, Egypt February 2, 2023. REUTERS/Amr Abdallah Dalsh/File Photo
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Egypt Central Bank Keeps Key Interest Rates Unchanged

A general view of Cairo skyline during sunset, with foggy cold weather around the country, Cairo, Egypt February 2, 2023. REUTERS/Amr Abdallah Dalsh/File Photo
A general view of Cairo skyline during sunset, with foggy cold weather around the country, Cairo, Egypt February 2, 2023. REUTERS/Amr Abdallah Dalsh/File Photo

Egypt's central bank kept its key interest rates unchanged on Thursday, it said in a statement.

The overnight lending rate remained at 28.25%, while the overnight deposit rate stood at 27.25%, the central bank said.