Private-Equity News
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Egypt's Pioneers Holdings' Q2 profit triples
Pioneers specialises in market research and brokerage services but also has investment arms in real estate, industry and financial services.
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Egyptian stock market recovers on Tuesday
Recovery parallels US and European stocks’ upturn. The EGX-100, EGX-70 and EGX-20 have increased by 1.21%, 1.61% and 2.71% respectively.
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Egypt's market hits 20-month low, loses $2 bn
The EGX market capital lost LE15.46 billion (US$2 billion) on Sunday, hitting LE428.61 billion, compared to LE444.07 billion on Thursday.
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Egypt's Juhayna chairman barred from trading on Cairo bourse
A committee formed by the government issued a ruling to freeze the assets of Safwan Thabet due to alleged links to the banned Muslim Brotherhood.
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Egypt's market continues to fall, hits lowest record in a year
Market bellwether, Commercial International Bank (CIB), dipped 3.16 percent to LE48.58 per share.
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Egypt's stock market plunges to lowest point in year and a half
The Egyptian stock market dropped on Tuesday, making the third retreat in a row, with the benchmark index EGX 30 dropping by 2.58 percent.
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Egypt's Stock Market Dives After Juhayna Chairman's Asset Confiscation
Thabet's assets were confiscated and his shares in companies listed in the stock exchange were frozen, including Juhayna's.
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Egypt's Beltone joins NASDAQ Dubai as market maker
Beltone Market Maker a subsidiary of Egypt-based financial services company Beltone Financial joined NASDAQ Dubai to provide market-making service.
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Egypt's market gains LE660 mn on Monday, EGX30 inches up 0.22%
The EGX market capital gains LE660 million (US$85 million), hitting LE490.20 billion, compared to LE489.54 billion on Sunday.
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Egypt’s pound steady at official market
Egypt’s central bank usually holds foreign exchange auctions on Sunday, Tuesday and Thursday every week.
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Kuwait's Al-Salam to list on Egypt exchange
The investment company listed on the Kuwait and Dubai exchanges tried unsuccessfully to offer depository receipts on the Egyptian bourse since 2013.
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Egypt's bourse, banks to close on Thursday for July revolution anniversary
Trading will resume on the following Sunday, the stock exchange said in its statement.
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Egypt stocks oust colombia’s as year’s worst on dollar drain
There’s nothing new about Egypt’s dollar shortage. What’s different now is it’s battering the stock market.
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Egypt's stock market hits lowest point in over a year
Emaar Misr and the Greek crisis drag Egypt's stock market with the benchmark index EGX 30 dropping by 4.23 percent at closing reaching 7870 points.
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Egypt's market loses LE11.9 billion on Monday, EGX30 falls 4.2%
The EGX market capital lost LE11.9 billion (US$1.5 billion), hitting LE484.19 billion, compared to LE496.1 billion on Sunday.
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Egypt's market gains LE12.2 billion on Sunday, while EGX30 drops 1.2%
The EGX market capital hit LE496.1 billion due to Emaar Misr shares that started trading on Sunday.
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Egypt's market loses LE2.2 bn in a week
The main EGX30 index, small and mid-cap EGX70 index and broader EGX100 index fell by 1.09 percent, 0.99 percent and 0.81 percent, respectively.
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Egypt: Sinai attacks scare investors
Egypt's stock market was heavily affected by the unrest in Sinai and Cairo. The gauge declined becoming the Middle East's worst performer.
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Egypt's bourse closed Tuesday on 30 June anniversary
The market will also be closed on Wednesday for the start of the new fiscal year.
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Egypt's Emaar Misr says to list on Cairo bourse on July 5
Emaar Misr a unit of Dubai's Emaar Properties offered 12.99 per cent of its shares in an initial public offering.