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EFSA sets deadline for abiding by minimum of 5% freefloat shares
Thirty companies could be delisted from the EGX if they do not meet new listing regulations handed down by the…
State leaning towards appointing White & Case as legal advisers on IPO program
IPO WATCH- NI Capital, the government’s investment bank and shot-caller on the new privatization drive, is reportedly leaning towards selecting…
Alwaleed bin Talal to invest north of USD 800 mn in hotel projects with Egypt’s TMG
INVESTMENT WATCH- Globally prominent Saudi businessman Alwaleed bin Talal’s Kingdom Holding Company will be investing more than USD 800 mn…
Trump begins to pull US out of Paris Climate Change agreement
A little further from home, US President Donald Trump has begun the process to formally withdraw the US from the…
Tensions rising in Libyan waters
General Khalifa Haftar, the Libyan military commander backed by Egypt, ordered his air and naval forces to confront any unauthorized…
Is Neymar Jr’s transfer to PSG a win for Qatar?
The foreign press is calling Neymar Jr’s record EUR 222 mn transfer to ParisSaint-Germain a PR coup for embattled Qatar.…
FDI to ring in around USD 8.7 bn in FY2016-17, World Bank, AfDB tranches coming before the end of the year -Sahar Nasr
Foreign direct investment in FY2016-17 is expected to ring at around USD 8.7 bn, climbing 26% y-o-y over the previous…
Egypt’s rising FX reserves should not overshadow remaining economic challenges
The increase in the central bank’s reserves has been driven by “heavy external borrowing as investors pour money into Egyptian…
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