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Earnings Watch: Arafa Holding reports a 137% y-o-y increase in profits to USD 7.7 mn
EARNINGS WATCH- Arafa Holding reported a 137% y-o-y increase in consolidated net profits to reach USD 7.7 mn in 1H2019-20…
Pioneers Holding hires Fincorp to prepare a fair value study for its shares and five subsidiaries
M&A WATCH- Pioneers Holding hires Fincorp to prepare a FV for its five-way MTO: Pioneers Holding has hired Fincorp to…
Wider ownership of EGP 100 mn company managing Egyptian Commodity Exchange?
Wider ownership of EGP 100 mn company managing commodities exchange? The Supply Ministry will begin next week the procedures to…
Rameda, Misr Insurance and jeans maker T&C all make IPO news
IPO WATCH- There’s plenty of chatter in the market this morning about IPOs, some on the near horizon, others further…
Egyptian Commodity Exchange company to be established next month
EGX, Supply Ministry to set up company to manage commodities exchange next month: The Egyptian Stock Exchange (EGX) and the…
Pioneers Holding to make five MTOs, split into three companies
Pioneers to make five MTOs: Pioneers Holdings’ board of directors has agreed to make non-cash mandatory tender offers to increase…
Derivatives trading and Egypt’s first futures exchange are coming next year -Farid
Futures exchange, derivatives trading are coming next year: Egypt could launch derivatives trading and its first futures exchange in 1H2020,…
EGP, EGX rally after CBE rate cut
The EGP flexed its muscles against the USD yesterday, rallying on the first market day after the central bank cut…
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