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IPOs in 2021: Four is more than zero
In keeping with the overall theme of the year, 2021 was the year of a hobbled recovery for Egypt’s IPO…
OC shareholders nod to USD 35 mn acquisition of Sawiris-owned business
Orascom Construction (OC) will acquire 100% of an equipment import, distribution and services business that is 100% owned by the…
FRA takes legal action against Speed Medical
Speed-related drama in the headlines: The Financial Regulatory Authority (FRA) has filed two lawsuits against Speed Medical (SPMD) before the…
It was a terrible, horrible, no good year for bonds (except for EMs)
2021 looks set to register the worst year for the global bond market since 1999, the Financial Times reports. Barclays…
Covid-era debt trends didn’t quite keep up in 2021
Just as the pandemic stuck with us this year, heavy borrowing was another theme that spilled over to 2021 from…
Ins. Act could see the light by mid-2022
The new Ins. Act could be passed by the House of Representatives and become the law of the land by…
Macro Group scheduled to IPO before 23 January -Omran
Cosmeceuticals giant Macro Group Pharma is scheduled to IPO before 23 January, Financial Regulatory Authority (FRA) head Mohamed Omran told…
What the markets are doing on 27 December 2021
THE CLOSING BELL- The EGX30 rose 0.9% yesterday on turnover of EGP 1.14 bn (15.2% below the 90-day average). Foreign…
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