Private-Equity News
-
Gulf shares start new year in upbeat mood, Egypt outperforms
The IMF warned on Sunday about a tougher year in 2023 for the global economy with USA, China, Europe with weakening activity.
-
EIPICO’s board nods to 15% issued capital raise
The EGP 148.75 million capital hike will be distributed among 14.87 million shares as per the fair value (FV) with no issuance expenses.
-
Egypt Government Moves to Control Currency Exchange Rate
The government said US dollar crisis is on its way to being resolved, it will crack down on currency dealers in the “black market.”
-
Egypt leads 2022 gains, Saudi marks first annual loss in 7 years
The Egyptian bourse was the Middle East's best performer in 2022.
-
Qalaa Holdings’ consolidated revenue grew a remarkable 86% y-o-y to EGP 23.7bln in 3Q22
Recurring EBITDA recorded EGP 8.8 billion compared to EGP 1.2 billion in 3Q21.
-
Damietta Containers and Port Said Containers to be listed on EGX in 1H 2023
CI Capital is serving as a financial adviser for the two offerings, while Fenby Financial Consulting will study their fair value.
-
EGX expects to start trading on carbon certificates in 1H 2023
The point is to motivate companies to reduce carbon emissions and adopt sustainable plans to reduce air pollution while encouraging green investments.
-
Egypt’s index outperforms regional peers
Egypt’s blue-chip index outperformed regional peers to close higher on Sunday, while Saudi and Qatari stocks slipped on weakness.
-
Market rebounds to health
The Egyptian stock market has been doing healthy business since October’s devaluation, reports Sherine Abdel-Razek.
-
New exchange offers Egypt another way to import wheat
With grain markets disrupted this year by fluctuating prices and the war in Ukraine, Egypt's GASC has been diversifying its purchasing methods.
-
Egypt’s EGX30 hits highest level in 32 months
Egypt’s main index (EGX30) closed on Monday at the highest level in 32 months to surpass 12,000 points.
-
Egypt considers offering $6bln stakes in public companies on stock market
The first tranche of the planned IPOs will be worth a range of between $2.5 and $3bln and will be announced within four weeks.
-
Egypt eyes issuance of $500mln panda bonds in Chinese market
The Ministry of Finance hopes to enter the Chinese market for the first time before the end of the current fiscal year, Kouchouk added.
-
Egypt to relaunch government IPOs program on the stock exchange
The plan to issue shares of 10 government companies on the stock exchange was put on hold following the Russian-Ukrainian crisis.
-
Egypt bourse’s market cap rises $2.7bn in August
In terms of index gains, the blue-chip EGX30 index jumped by 5.6 percent during the month, gaining 531 points to 9,998 points at the end of August.
-
Trading on Egypt's commodity exchange to start in Q1 of 2023
Ashmawy noted that the commodities that will start trading have been identified, such as wheat.
-
Egypt to delay sale of state company shares until Sept
Egypt will delay the planned offering of shares on the stock exchange of a number of state companies until after the summer vacation.
-
Swvl starts trading on a SPAC combination
The combined company, now “Swvl Holding Corp,” will trade under GMBT and GMBTW today before switching to SWVL and SWVLW on April 1.
-
Egypt to offer 5-6 companies on stock exchange before end of fiscal year 2021/2022
The remarks came during the fourth Egypt Day Conference titled “Shaping the Investment Landscape” organized by EFG Hermes.
-
Egypt is working on establishment of first commodity exchange company
The new exchange aims at shrinking the circle of commodity trading from the source to the consumer, and saving the transportation cost.