Egypt Edition 
MENA+ Edition 
UAE Edition 
Saudi Edition 
AI + Innovation (MENA) 
Infrastructure 
What we’re tracking on Monday, 24 August 2020
It’s an unusually heavy news day for a Monday, and on the whole the news is generally good as we…
Capital markets
Fawry becomes first Egyptian tech company to achieve USD 1 bn market cap
STARTUP WATCH- Fawry is officially Egypt’s first unicorn: EGX-listed e-payments firm Fawry became the first Egyptian tech company to hit…
FRA issues new regulations over delisting, cancellation of listed securities
REGULATION WATCH- Shares in companies that voluntarily delist from the EGX can still be traded for up to three months…
Nile Cotton Ginning investors looking to purchase 7.06% stake from worker’s union for EGP 183 mn
M&A WATCH- A group of investors in state-owned Nile Cotton Ginning want to buy out the company’s workers’ union, offering…
New guidelines for clearing and depository companies’ boards
Companies licensed to provide clearing and depository services will now be required to elect a board of directors with a…
Could we be getting more clarity on the fate of Egypt’s state privatization program this month?
PRIVATIZATION WATCH- Could we be getting more clarity on the fate of the state privatization program this month? Finance industry…
State-owned Banque Misr is now the largest shareholder in EGX-listed CI Capital
M&A WATCH- State-owned Banque Misr is now the largest shareholder in EGX-listed CI Capital after acquiring another 9% stake in…
Banque du Caire IPO on hold until 2021
IPO WATCH- Banque du Caire’s IPO isn’t happening before 2021: State-owned Banque du Caire’s (BdC) plans to debut on the…
Something went wrong. Please refresh the page and/or try again.