EGP edges down in Sunday morning currency trading    Ukraine, Egypt explore preferential trade deal: Zelenskyy    Egypt, Russia's Rosatom review grid readiness for El-Dabaa nuclear plant    Mastercard Unveils AI-Powered Card Fraud Prevention Service in EEMEA Region, Starting from Egypt    Global tour for Korean 'K-Comics' launches in Cairo with 'Hellbound' exhibition    China's factory output expands in June '25    New accords on trade, security strengthen Egypt-Oman Relations    Egypt launches public-private partnership to curb c-sections, improve maternal, child health    Gaza under Israeli siege as death toll mounts, famine looms    EMRA, Elsewedy sign partnership to explore, develop phosphate reserves in Sebaiya    Philip Morris Misr announces new price list effective 1 July    Egypt Post discusses enhanced cooperation with Ivorian counterpart    Egypt's Environment Minister calls for stronger action on desertification, climate resilience in Africa    Egypt in diplomatic push for Gaza truce, Iran-Israel de-escalation    Egypt teams up with private sector to boost university rankings    Egypt reveals heritage e-training portal    Three ancient rock-cut tombs discovered in Aswan    Egypt condemns deadly terrorist attack in Niger        Egypt's EHA, Schneider Electric sign MoU on sustainable infrastructure    Sisi launches new support initiative for families of war, terrorism victims    Grand Egyptian Museum opening delayed to Q4    Egypt expands e-ticketing to 110 heritage sites, adds self-service kiosks at Saqqara    Egypt's EDA joins high-level Africa-Europe medicines regulatory talks    Egypt's Irrigation Minister urges scientific cooperation to tackle water scarcity    Egypt discovers three New Kingdom tombs in Luxor's Dra' Abu El-Naga    Palm Hills Squash Open debuts with 48 international stars, $250,000 prize pool    Egypt's Democratic Generation Party Evaluates 84 Candidates Ahead of Parliamentary Vote    On Sport to broadcast Pan Arab Golf Championship for Juniors and Ladies in Egypt    Golf Festival in Cairo to mark Arab Golf Federation's 50th anniversary    Germany among EU's priciest labour markets – official data    Cabinet approves establishment of national medical tourism council to boost healthcare sector    Egypt's PM follows up on Julius Nyerere dam project in Tanzania    Egypt's FM inspects Julius Nyerere Dam project in Tanzania    Paris Olympic gold '24 medals hit record value    A minute of silence for Egyptian sports    Russia says it's in sync with US, China, Pakistan on Taliban    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    

Articles of the author Gehad Abdelghany
Egypt's stock exchange hopes to launch derivatives market by mid-year: chairman
Egypt's stock exchange (EGX), the Middle East's best performer last year, plans to launch a derivatives market by mid-2023, its chairman said on Tuesday. The market is expecting this year a slew of initial public offerings (IPOs) in the vicinity of (...)

05 - 01 - 2023
Egypt to chair IOSCO Growth and Emerging Markets Committee
Mohamed Farid, chairman of Egypt's Financial Regulatory Authority (FRA), has been elected as chairman of the Growth and Emerging Markets Committee (GEM) at the International Organisation of Securities Commissions (IOSCO) for the 2022-2024 term. GEM (...)

11 - 09 - 2022
Egypt's EFG Hermes Q2 revenues climbs 20% y-o-y
Egypt's EFG Hermes reported on Wednesday a 20 percent year-on-year growth in revenues for the second quarter of the year to 1.6 billion Egyptian pounds ($101.8 million). The group attributed the growth to an outstanding performance from the EFG's (...)

18 - 08 - 2021
Egypt's SOLID Capital to launch $250 million fund before year-end
Cairo-based investment firm SOLID Capital, member of Dutch venture capital firm Solid Capital Group, plans to launch a new equity fund before the end of this year, with an initial capital of $250 million. The fund will finance projects and (...)

02 - 08 - 2021
Egypt sees first offering of green bonds worth $100 mln on Wednesday
Egypt expects to offer its first green bonds by a private company on Wednesday, said head of Egypt's Financial Regulation Authority (FRA) on Tuesday. The offering of the green bonds will take place with value of $100 million, FRA chairman Mohamed (...)

29 - 06 - 2021
Egypt's Al Tamimi & Co named legal advisor for Compass Capital-Alexandria National Company deal
Corporate law firm, Al Tamimi & Company announced on Monday that it had been mandated as legal advisor in Compass Capital's potential acquisition of 100 percent stake of Alexandria National Company for Financial Investment (ANFI). On June 20, (...)

28 - 06 - 2021
Egypt's Commercial International Bank net profit grows 20% in Q1
Commercial International Bank (CIB), one Egypt's largest private banks, reported on Sunday a 20 percent year-on-year growth in net profit for the first quarter of the year. Net profit recorded around 2.837 billion Egyptian pounds ($181.2 billion) at (...)

23 - 05 - 2021
EFG Hermes completes advisory on Bank Audi Egypt's sale to First Abu Dhabi Bank
Egyptian investment bank EFG Hermes announced on Wednesday that it had completed advisory to Bank Audi on its sale of 100 percent of the share capital of its Egyptian subsidiary to First Abu Dhabi Bank (FAB). EFG acted as sole financial advisor to (...)

06 - 05 - 2021
Egypt's Qalaa Holdings revenues jump 148% in 2020
Egypt's Qalaa Holdings, one of the country's largest investment companies, reported on Monday a 148 percent year-on-year growth in consolidated revenues for the year ended 31 December 2020. Consolidated revenues grew to 35.9 billion Egyptian pounds (...)

03 - 05 - 2021
EFG Hermes 2020 revenues climb 12% year-on-year
Egypt's investment bank EFG Hermes Holding reported on Wednesday a 12 percent year-on-year growth to reach 5.5 billion Egyptian pounds (349.6 million) despite the impact COVID-19 had on global economies and capital markets. "2020 was a year unlike (...)

17 - 03 - 2021
Egypt's Zulficar & Partners mandated as legal advisor for Banque Misr-CI Capital deal
Zulficar & Partners Law Firm has been mandated as legal advisor in Banque Misr's potential acquisition of the share capital of CI Capital Holding for Financial Investments, its founding partner Anwar Zeidan said on Monday. Zeidan did not disclose (...)

08 - 02 - 2021
NI Capital prepares the IPO of two government firms during 2021, CEO
NI Capital Holding Company, the investment arm of the National Investment Bank, aims to offer two new companies for public offering as part of the government sponsored IPO program before the end of the first quarter, Mohamed Metwally, CEO and (...)

25 - 01 - 2021
Sarwa 1st financing firm to receive Egyptian Traffic Authority authorisation
Sarwa Capital Group has become the first financing company to receive accreditation by the Traffic Authority after it succeeded in obtaining the first consumer finance licence in Egypt, CEO Saeed Zaatar said. The group has obtained the first licence (...)

30 - 09 - 2020
Egypt has “golden opportunity” to be a manufacturing hub: Khaled Saba
The Egyptian market is provided with a “golden opportunity” to transform into a global manufacturing hub through attracting intermediate industries that serve the global supply chains through the Suez Canal economic zone, according to Khaled Saba (...)

05 - 05 - 2020
Coronavirus outbreak drives Egypt to delay state IPO plan
Egypt will postpone its planned government initial public offering programme, which includes dozens of state-owned companies, until the second half of the year to ease the coronavirus threat. The decision was made after stock markets across the (...)

23 - 03 - 2020
Egypt's stock exchange expects two IPOs to go ahead this year – chairman
Egypt's stock exchange (EGX) expects two public business sector companies to launch initial public offerings (IPOs) this year, its chairman said on Tuesday. Mohamed Farid did not give any additional details. Nearly four years ago, Egypt unveiled a (...)

10 - 03 - 2020
Egypt's stock exchange chair sees IPOs of3 private companies in Q2
Egypt's stock exchange is expecting to have initial public offerings of three private sector companies before the end of the second quarter of 2020, its chairman said on Wednesday. The IPOs are in the energy, financial, and payment sectors, Mohamed (...)

26 - 02 - 2020
Egypt to float Heliopolis Housing on EGX in H1-2020
Egypt's state-run Heliopolis Company for Housing and Development plans to start offering additional shares of 15 percent by the end of the first half , according to Managing & Executive Partners of Shahid Law Firm. Shahid Law Firm is serving as (...)

19 - 02 - 2020
Emerald Real Estate to float 28% stake on Egypt bourse mid-monh
Egypt's Emerald Real Estate Investment will float 28 percent of its shares on the Egyptian stock exchange by mid-February, its chief executive said on Sunday. Emerald seeks to sell 28 percent, representing 70 million shares, in a two-tranche share (...)

02 - 02 - 2020
Egypt's CI Capital assets under management reach $582.2 mln in 2019
Egypt's investment bank CI Capital reached 9.2 billion Egyptian pounds ($582.2 million) in assets under management by the end of 2019, according to its Co-CEO Hazem Badran. CI Capital is managing assets of fixed-income, money market, and equity (...)

29 - 01 - 2020
Egypt's HC Securities advising on $90 million acquisition deals
Egyptian investment bank HC Securities and Investment is working on two acquisition deals, Mahmoud Selim, head of HC's investment banking division, told Amwal Al Ghad on Wednesday. The acquisitions are valued at $90 million and are in the health (...)

08 - 01 - 2020
Fourteen Egyptian companies aiming for IPOs in 2020 – bourse head
Fourteen Egyptian companies are aiming to launch initial public offerings (IPOs) within 2020, the country's stock exchange chairman Mohamed Farid said on Tuesday. Nearly three years ago, Egypt unveiled a programme to sell stakes in state-owned (...)

31 - 12 - 2019
Egypt's stock exchange starts short-selling mechanism
Egypt's stock exchange has introduced on Sunday short-selling, as part of efforts to help attract more fresh investment and boost market liquidity. By allowing the short selling mechanism — the sale of a borrowed security in the hope of buying it (...)

01 - 12 - 2019
Egypt to issue int'l sukuk in Q1 2020: Omran
Egypt to issue international sukuk before the end of the first quarter of 2020, according to the Chairman of the Financial Regulatory Authority. He added that FRA is studying the possibility of issuing Sukuk finances for two companies operating in (...)

21 - 11 - 2019
EFG Hermes manages EGP 2bln securitization bonds for Premium International
EFG Hermes is managing 2 billion Egyptian pounds short-term securitization bond issuance programme for Premium International for Credit Services within two years, – Mostafa Gad, Co-Head of EFG Hermes' Investment Banking Division said. The programme (...)

20 - 11 - 2019
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