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The UAE’s days as a corporate tax haven are coming to an end (sort of)
Businesses are going to start paying tax in the UAE for the first time ever next year after the government…
Taqa Arabia eyes 2023 EGX debut
Qalaa Holdings’ Taqa Arabia is looking to make its EGX debut next year, AlMal quoted CEO Pakinam Kafafi as saying.…
THIS MORNING: A bad January for stocks + Ukraine crisis continues
Welcome to February, wonderful people. It’s a straight shot from here to the end of 1Q and just 60 days…
Market roundup on 31 January
The EGX30 rose 0.3% at today’s close on turnover of EGP 647 mn (41.5% below the 90-day average). Foreign investors…
It’s a bad time for IPOs everywhere but KSA + Energy firms can’t stop drilling
Not a good time for IPOs? The prospect of interest rate hikes, slowing economic growth and geopolitical tensions have rattled…
ADIB Egypt to sell majority stake in subsidiary Cairo National Securities
Abu Dhabi Islamic Bank Egypt’s board has agreed to sell a 50.9% stake in subsidiary Cairo National Securities, according to…
State privatization program to resume in March -Maait
Privatization program to resume in March -Maait: We can expect more state-owned companies to offer shares on the EGX in…
Earnings watch: Obour Land, Alexandria Containers
MARKET NEWS- Obour Land recorded a 13% y-o-y increase in its bottom line in 2021 to EGP 350.7 mn, according…
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