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Investments
EGX is still waiting for its share of the fund boom
A half-tn-EGP industry is still built around products designed for saving rather than investing, and…
Banque du Caire lands on EGX, the treasury to take up to half the proceeds
BdC gave up an early rally to close up just 0.19% at EGP 5.31 a…
Egypt’s funds crossed EGP 500 bn in 3Q on retail money and a stalling core
Money market funds stalled while retail piled into equity, index, and gold products
Banque du Caire’s retail book closed 27x covered, days before trading
Good morning, friends, and happy almost-weekend. We’ve all been wondering lately: where does the money…
IPO
The government is weighing a large EgyptAlum stake sale on the EGX before year-end
Good morning, friends, and happy hump day. You will see the word “gas” a lot…
The country’s first locally assembled EV rolls off the line at El Nasr
Good morning, friends. The interest rate hike is three days old by now, and you’ve…
BdC’s Hussein Abaza on why the bank is listing now and what comes next
The CEO says investors are buying a finished turnaround, funded by rural deposits and built…
Mounir Nakhla on his blockbuster IPO and why the first person he talks to each morning is someone named Apollo
Soon after MNT-Halan announced that it was heading to the EGX, in what is now…
M&A
Companies paying for NUCA land in USD from abroad will skip the line and the bidding from November
Good morning, folks. You will read below about three things the government is doing at…
Al Ahly Capital signs to buy El Sewedy’s 40% of CIRA’s Damietta university venture
Plus: Rameda board greenlights plan for an all-share acquisition of Art Pharma subject to independent…
War or not, institutional investors had a big appetite for MNT-Halan’s USD 126 mn IPO on the Egyptian Exchange
It’s a huge morning for capital market watchers — investors, regulators, and pundits alike: Foreign…
Ezdehar eyes USD 200 mn Fund III, with EGX exits back in play
Ezdehar buys Consolidated Group to merge with DalyDress, and lines up a USD 200 mn…
Debt
Mabany Edris taps NBE for EGP 975 mn to speed up Koun construction in Ras El Hekma
PLUS: EGX suspends Digitize a day after giving it two weeks to file overdue…
Tax sukuk pilot runs through banks this month as the bourse waits for 2027
Subscriptions run through commercial banks on a six-month tenor, with the bourse coming in…
FinMin borrowed around EGP 4.3 tn at home in four months, almost all of it refinancing
The ministry borrowed about EGP 4.3 tn locally in four months, almost all of…
ADD Properties secures USD 265 mn syndicated loan led by the EBRD for its Giza hotel
The EBRD has arranged the USD 265 mn syndicated loan for ADD Properties’ new…
The House authorizes El Sisi to take “whatever measures are needed” to support Saudi Arabia
Good morning, friends. It’s been a rough few days on the EGX, and the IPO…
EBRD, IFC sign on to Banque du Caire’s upsized IPO
The state’s biggest sale in years has grown to 45% of the bank and prices…
Four foreign funds line up USD 256 mn for Banque du Caire
London’s Redwheel is among the backers, nearly two weeks after anchoring MNT-Halan’s IPO
Banque du Caire opens its IPO books at EGP 4.82-5.30 a share, with room to grow to 45%
The state-owned lender could raise up to EGP 36.4 bn, making it the biggest test…
Macro + Economy
Egypt wants convertible and bankable EGP abroad in five years — here is what has to change
A convertible currency is widely acceptable, predictable, and reliable against headwinds. To get there, Egypt…
Egypt’s PMI holds at 47.2 in October, but output and new orders fall at their fastest pace in four months
Good morning, lovely people, and happy almost-weekend. In today’s issue, we have a fee coming…
CBE lets banks hire outside agents to sign up customers beyond their branch networks
PLUS: MTS is in talks to build a USD 100 mn data-center hardware plant in…
Egypt’s PMI holds steady in October
Here are the stories driving the day, both at home and abroad. Egypt’s non-oil Purchasing…
Opinion pieces
The future of work and rethinking success in the modern age
One of the biggest shifts in workplace culture has been the growing demand for flexibility…
Empowering widows: a catalyst for global change
The loss of a spouse is an incredibly difficult situation for anyone to have to…
Navigating Egypt’s trade transformation: A glimpse into the future
Egypt stands at a critical juncture and may reshape its role on the global stage…
Bye bye blue + insights on the global executive search industry
Hold onto your hats, everyone, because things are about to get a whole lot more…