Private-Equity News
-
Egypt considers bond sale delay as it eyes market conditions
Egypt may delay a planned sale of 1.5 billion in euro-denominated bonds to early 2018.
-
Egypt's new stock exchange chief wants to invigorate markets in 6 months
Mohamed Farid said that the main reform would be reducing trading halt times to 15 minutes, down from 30.
-
Egypt clears multibillion-dollar backlog as FX crisis fades
Egypt has cleared a multibillion-dollar backlog of foreign-currency requests from importers and foreign companies.
-
Egypt’s stock market gains EGP 4.7 bln
This was due to gains supported by foreign investors buying operations، and by Egyptian and Arab investors tended towards selling operations.
-
Bond market offering 21% yields finally turns Egypt into a buy
The Egyptian Treasury bill market attracted more than $9 billion since the central bank allowed the currency to trade more freely in November.
-
Factors to watch in Egypt’s stock market in week ahead
Egypt’s stock market starts trading on 11 June, with some companies holding their ordinary general meeting to discuss their financials for 2017 Q1.
-
Egypt to issue $1.5-$2 bln Eurobond within one week
Egypt sold $4 billion of Eurobonds in three tranches in January, raising twice as much as targeted and at lower yields than expected.
-
If the Bond Market Could Decide, Egypt Would Be Set for Upgrade
The IMF loan gave Egypt a promotion in the bond market that was out of question before.
-
EGX chairperson hosts meetings with business and financing representatives
Omran held talks with representatives from Infor and CitiBank International amid reforms taken by the government to improve the investment climate.
-
Egypt-based EFG-Hermes acquires 51% stake in Pakistani brokerage firm
The firm is keen to expand its brokerage arm by injecting new liquidity. Most experts predict foreign investment to surge ince included MSCI-EM Index.
-
Egypt considering temporary stamp duty on stock market deals
The IMF agreement revealed that Egypt had committed to imposing either a capital gains tax or a stamp duty on stock market transactions by 2017/18.
-
Egypt stocks enjoy biggest rally in Mideast after currency flotation
The EGX 30 Index surged 6.1 percent, extending the longest winning streak since March.
-
Egypt stock exchange head says longer suspension of capital gains tax will spur more investment
The decision was a surprise to the market and everyone ... but a pleasant surprise ... The tax had a negative impact, Omran said.
-
NBE reduces foreign exchange cash limit for travelling customers
The bank provides cash for foreign exchange only on condition of reviewing customers' travel documents.
-
Resuming the commodity stock exchange depends on the Supply Ministry's current direction
The draft of the futures stock exchange stipulates that the latter be in the form of a joint stock company operating under the supervision of EFSA.
-
How to purchase bonds in Egypt
The Egyptian government will issue $3 billion in sovereign bonds in a further attempt to boost its declining foreign exchange reserves.
-
egistering fund certificates in EGX to allow investors to compare market and book values
This will lead to radical change in regulating items for funding activities in executive regulations of the Market Law as well as those of IPO.
-
Egypt's EFG-Hermes to return $122 million to shareholders
EFG Hermes stepped up its growth strategy after selling a 40 percent stake in Lebanese lender Credit Libanais.
-
Egypt's Stock Exchange to cut trading hours during Ramadan
The main market's trading will be preceded by a discovery session starting 9:30am.
-
Unified exchange rates to be set daily
Supply Minister agreed with exchange bureaus to set unified rate for dollar to avoid informal speculation and ensure stability for currency rates.