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Posted inWhat We're Tracking Today

What we’re tracking on 17 July 2018

The House of Representatives will be breaking for summer at the end of next week, Rep. Mostafa Bakry confirmed to Youm7 yesterday. The House has been rushing to complete discussions on the Madbouly Cabinet’s policy program after House Speaker Ali Abdel Aal warned Reps. that the term could be extended to August if they’re unable […]

Posted inSpeed Round

Gov’t names five companies to pilot privatization program

Gov’t names five companies to pilot privatization program: The Madbouly Cabinet announced the five state companies that will pilot the state privatization program on Tuesday. Alexandria Mineral Oils Company (AMOC), Eastern Tobacco, Alexandria Container and Cargo Handling, Abou Kir Fertilizers, and Heliopolis Housing will lead the program, according to a cabinet statement. As all the […]

Posted inSpeed Round

Egypt is on the map for Investec

Egypt is on the map for Investec Asset Management now that the firm “ is ready to get back into the market after reducing risks at the start of the year,” according to Bloomberg. The firm, which manages some USD 36 bn in EM fixed-income assets, sees that Egypt’s assets are attractive thanks to its […]

Posted inSpeed Round

Non-oil exports grow 14% y-o-y in 1H2018

Egypt’s non-oil exports grew by 14% y-o-y in 1H2018 to USD 12.75 bn, compared to USD 11.22 bn in the same period last year, the Trade and Industry Ministry said in a statement. Our biggest export market was the UAE (USD 1.33 bn), followed by Turkey (USD 1.13 bn), and Italy (USD 773 mn). Chemical […]

Posted inSpeed Round

FRA completes Capital Markets Act regs, to make life insurance mandatory for SME financing

LEGISLATION WATCH- FRA completes Capital Markets Act regs allowing sukuks, margin trading, futures market, green bonds: The Financial Regulatory Authority (FRA) completed yesterday the final amendments on the executive regulations for the new Capital Markets Act, which include provisions that govern the issuing of green bonds, sukuk, margin trading, and futures exchanges, FRA boss Mohamed […]

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