Baker McKenzie: Egypt M&A deal values quadruple 394% in H1
Merger and acquisition (M&A) transactions in Egypt has almost quadrupled during the first half of 2021 with 111…
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Egypt to resume IPOs of state-run firms starting October – sources
Egypt’s government plans to resume its programme to sell stakes in state-run firms by the beginning of next…
Raya officially signs anEGP490.7 mln agreement to sell BariQ to Intro Group
Raya Holding signed an agreement worth 490.7 million Egyptian pounds ($31.3 million) with Mamdouh Abbas’ Intro…
SODIC will soon announce an international financial advisor for Aldar acquisition bid
Sixth of October Development and Investment Company (SODIC) will soon announce its selection of the international…
Baker McKenzie named legal advisor in IFC- Pasabahce Egypt financing deal
Helmy, Hamza & Partners, Baker McKenzie office in Egypt, announced on Wednesday that it had been mandated as…
Tender offer of Banque Misr for CI Capital starts today
Egypt’s stock exchange (EGX) announced on Sunday the start of Banque Misr’s tender offer for buying a controlling…
Egypt’s FRA approves Banque Misr’s tender offer for CI Capital
The Egyptian Financial Regulatory Authority (FRA) said it has approved Banque Misr request to acquire a controlling…
CI Capital raises its assessment of TMG’s shares on Capital Gardens project
Egyptian investment bank CI Capital raises its assessment for the target price (TP) of Talaat Moustafa Group…
GlaxoSmithKline in talks with Hikma to sell Egypt stake, rules out talks with Rameda
GlaxoSmithKline will focus its efforts and resources on discussing the sale of its stake in Egypt with Hikma…
Corp-Solutions partners with valU to provide immediate finance access to merchants
EFG Hermes, the leading financial services corporation in frontier emerging markets (FEM), announced today the…
Baker McKenzie wins four deal awards in Egypt, Saudi Arabia
Global law firm Baker McKenzie started the new year winning four deal awards at the Islamic Finance News (IFN)…
Speed Medical first company to jump from Egypt’s SME exchange to EGX
Speed Medical Co (SPMD) will be on Sunday the first company to make a jump transition from trading its shares on…
International Energy Agency tailors a plan for post COVID-19
As per the energy-focused COVID-19 recovery plan conducted by the International Energy Agency (IEA), actions and…
Egypt’s Prime Holding to IPO fintech unit within two years – CEO
Egyptian investment bank, Prime Holding aims for an initial public offering (IPO) of its fintech unit within two…
EGX indices decline 4.3 % during October
The Egyptian Exchange (EGX) declined during the month of October on the back of selling pressures by foreign…
Azimut Egypt’s fixed income fund raised EGP295.3, oversubscribed by six times
Azimut Egypt announced its first local fixed income fund was successfully oversubscribed by almost six times.
Italy-based Azimut to launch its new Egypt-focused fixed income fund
Investors can subscribe to Italy-headquartered asset manager Azimut’s new Egypt-focused fixed income fund…
INTERVIEW – Bahaa-Eldin Law Office: Developing Egypt’s manufacturing…
Amwal Al Ghad has interviewed Moustafa Moussa – Local Partner at Bahaa-Eldin Law Office in cooperation with…
Egypt’s EFG Hemes merges leasing, factoring activities to provide new financial…
Egypt's investment bank EFG Hermes announced on Monday it has merged its leasing and factoring activities in one…
Coronavirus rearranges Egypt’s Sovereign Wealth Fund priorities, puts health sector on top
Egypt’s Sovereign Wealth Fund (SWF) said that coronavirus pandemic has contributed in rearranging its priorities,…
Egypt’s Tahoun postpones listing energy firm due to coronavirus
Egyptian legal firm Tahoun has postponed its plans to list one of local energy firms on the country’s stock…
Egypt’s stock exchange back to regular trading hours on Sunday
Egypt’s stock Exchange (EGX) said on Wednesday the bourse trading sessions will open for normal operating hours as…
Egypt cabinet approves lowering bourse trading fees
The Egyptian Cabinet decided to reduce bourse trading fees in a bid to boost the Egyptian Stock Exchange (EGX) and…
Egypt’s SOLID Capital to postpone floating 10 firms in EGX due to coronavirus
Cairo-based investment bank SOLID Capital, part of Dutch venture capital firm Solid Capital Group, plans to…
Cleopatra Hospitals to conclude merger talks with Alameda in July
EGX-listed Cleopatra Hospital Group is in the final stages of merger talks with Alameda Healthcare, intending to…
Egypt’s stock exchange to operate same shortened trading hours during Ramadan amid…
Egypt’s stock exchange (EGX) said on Thursday it will operate with the same shortened trading hours during the…
U.S. Cartel Capital to invest $8mln in Egypt, Gulf during Q2
U.S. private equity and venture capital firm Cartel Capital plans to invest around 160 million Egyptian pounds ($8…
Egypt’s Arab African Investment eyes $508mln in AUMs during 2019
Egypt’s Asset management firm, Arab African Investment Management (AAIM) seeks to increase total of assets under…
EFG Hermes issues 1st short-term bond in Egypt
Egypt's EFG Hermes said on Thursday its Investment Banking Division has successfully completed first short-term…
Egypt’s Talaat Moustafa says unit to issue corporate sukuk
Arab Company for Project and Urban Development, part of Egyptian property developer Talaat Moustafa Group, plans to…
Egypt’s securitisation bond issuance to hit 20 billion pounds year-end: official
Egypt’s securitisation bond issuance is to reach 20 billion Egyptian pounds ($1.2 billion) at the end of this year,…
Beltone expects Egypt central bank to cut rates by 3% in H1-2020
Slowing inflation will prompt Egypt’s central bank to cut its key interest rates by about 3 percent during the…
Egypt watchdog warns against cryptocurrency trading in emerging markets
Egypt’s market watchdog has warned on Sunday financial institutions in emerging markets not to trade in…
Egypt’s new listing amendments mandate more women on boards
Egypt’s market regulator on Tuesday has passed listing rule amendments that would require publicly listed companies…
Egypt expects four bourse listing before year-end: official
Egypt expects four companies to list on the local stock exchange before the end of the year, an official at the…
Egypt to launch short-selling of shares before November-end – official
Egypt will introduce the short-selling of shares on the stock market before the end of next November, deputy head…
9th annual EFG Hermes London conference kicks off with $14 tn in AUMs
EFG Hermes, the leading financial services corporation in Frontier Emerging Markets (FEM), inaugurates its 9th…
Fawry IPO makes August – happy month for Egypt stock market
Egypt’s stock exchange (EGX) ended August on high note powered by the successful initial public offering of digital…
Egypt’s e-Finance heading for Cairo IPO in September
Egypt’s financial institutions operation company e-Finance is set to list in the Cairo stock exchange in September,…
Italy’s Azimut to complete Rasmala Egypt acquisition mid August
Italy-based asset manager Azimut Group’s is expected to complete acquisition of 100 percent of Rasmala Egypt Asset…