Private-Equity News
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Egypt's EFG Hermes to sell 40pct stake of Credit Libanais
EFG Hermes owns 63.7 percent of Credit Libanais, its only commercial banking service, shows the latter's website.
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Egypt's C.Bank sells $551 million in exceptional FX auction
The auction is to cover imports of strategic goods as Egypt has been suffering from a foreign-currency crunch due to political turmoil.
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Egypt to take part in Berlin’s stock exchange
The delegation will include officials from the Tourism Ministry, Tourism Promotion Authority and Egypt’s Ambassador to Germany.
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Egypt's Pioneers to complete Rooya listing in H2 2016
Rooya has a real estate portfolio of about 9 million square metres, with 6 million of that currently under development.
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Profit repatriation impedes acquisition deals in local market
CBE failed to resolve repatriation problems, which hindered flow of foreign direct investment, say Experts.
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How Egypt plans to boost its stock exchange
In an effort to shore up its economy, Egypt plans to list shares of some government-owned banks and companies on its ailing stock exchange.
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Egypt’s stock market hits 3-year low
The stock market lost 6 billion dollars last week.
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Egypt’s bourse registers 1 700 new companies in 2015
Such an increase was led by foreign companies that increased by 47 percent to 1,198 companies.
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Egypt’s stock market loses US$5.1 billion in November
Egypt market capitalization lost LE87.02 billion during the first 11 months of 2015.
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Egypt's Pioneers Holding 9-month net profit up to $51.09 million
Operating revenues for the period were 3.9 billion Egyptian pounds, up from 1.8 billion during the same period last year.
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Egypt's Stock Market Dips Amid Heavy Selling
The Egyptian stock exchange dropped on Monday, reversing a climb in the first few minutes of trading, with retreats across its three main indices.
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Egypt’s market loses $268m in week
EGX market capital lost EGP2.1 billion ($268 million) to hit EGP423.1 billion, compared to EGP425.2 billion last week.
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Egypt's market inches up on Egyptian, Arab buying
Egyptian investors were net buyers to the tune of LE34 million and Arab investors to the tune of LE10 million.
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Application of sustainability enables Egypt’s economy to attract $20bn
Omran says conference is not luxury but rather means to think outside the box, since waiting for market challenges to end is not an option.
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Foreign exchange pressures on Egypt likely to continue for years
The flexible policy recommended is bringing the currency exchange rate closer to the local currency's real value determined by strength of economy.
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High levels of liquidity support raising stock market
Transactions of Egyptians and Arabs tended towards buying, while foreigners’ transactions tended towards selling.
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Egypt’s stock market gains $500 million in September
Trading in September reached 26 billion Egyptian pounds against 20.2 billion Egyptian pounds in the month before.
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Egypt’s market wins of $1.6bn in week
The main EGX30 index, small and mid-cap EGX70 index and the broader EGX100 index rose 3.07 percent, 2.01 percent and 2.59 percent, respectively.
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Egypt's main index up 2 pct
Egypt's PMI rose to 51.2 in August, up from 49.2 the previous month, a survey revealed on Thursday.
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Egypt's stock market climbs on ENI's 'supergiant' gas discovery
The Italian company has operated in Egypt since 1954, supplying a little over a quarter of Egypt's annual oil and gas production.