United Bank’s private offering oversubscribed 1.05 times
The private offering of United Bank of Egypt’s shares was 1.05 times oversubscribed on its first day, just minutes…
Author
EGX ends mostly in red on Nov 20
Egypt’s stock exchange (EGX) closed mixed on Wednesday, with the main index, EGX30 tumbling by 0.33 per cent, to…
Egypt’s FRA approves United Bank’s IPO on EGX
Egypt's Egyptian Financial Supervisory Authority (FRA) has approved the listing of The United Bank on the Egyptian…
S. Africa’s annual inflation hits lowest since June ’20
South Africa's inflation slowed to 2.8 per cent in the 12 months to October 2024, down from 3.8 per cent in…
Fitch: US private credit default rate declines in Oct. ’24
Fitch Ratings has reported a slight decline in the US Private Credit Default Rate (PCDR) for October 2024, which…
Kenya targets 3.8% budget deficit for FY ’25/’26
Kenya will target a budget deficit of 3.8 per cent of GDP in the FY 25/26 , a senior official from the Ministry of…
Egypt increases oil, gas output to meet demand
Egypt’s Ministry of Petroleum and Mineral Resources reports a significant increase in oil and gas production from…
Fitch upgrades Egypt’s banks rating
Fitch upgraded the credit ratings of four major Egyptian banks—National Bank of Egypt (NBE), Banque Misr (BM),…
Iraq’s fuel oil exports set to hit record highs in ’24
Iraq’s fuel oil exports are set to hit record highs in 2024, driven by increased shipments in October and rising…
EGX closes in red on Nov 19
Egypt’s stock market (EGX) closed in the red area on Tuesday. The main index, EGX30 went down by 0.57 per cent, to…
