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Banque du Caire shelves IPO on market volatility -sources
IPO WATCH- Banque du Caire shelves IPO on market volatility -sources: State-owned Banque du Caire (BdC) has postponed plans to…
Investors dump stocks, bonds and rush into cash as uncertainty over fiscal response to covid-19 grows
GLOBAL MARKETS- This seems like an awfully long time ago… The emerald city is now getting further and further away.…
Gov’t fiscal measures fail to slow EGX sell-off
The EGX30 index closed in the red yesterday for the fourth consecutive day as concern among investors over the economic…
FRA orders mortgage lenders, factoring and leasing companies to give clients six-month grace period
Mortgage lenders, factoring and leasing companies to give clients six-month grace period: The Financial Regulatory Authority has ordered mortgage lenders,…
Market regulator extends the financial statement submissions deadline to the end of April
REGULATION WATCH- Regulator extends financial statement submission deadline, allows trading via email, text: The Financial Regulatory Authority (FRA) decided yesterday…
Beltone Financial continues loss-making streak in 2019
EARNINGS WATCH- Beltone Financial continues loss-making streak, reporting a net loss of EGP 91.5 mn in 2019, compared to a…
Egypt holds the second highest number of ultrarich individuals in Africa
Egypt holds the second highest number of ultra-rich individuals in Africa: There are currently 764 ultra-high net worth individuals (UHNWI)—those…
Eni is investing USD 60 mn more in Egypt
INVESTMENT WATCH- Eni is tacking on an additional USD 60 mn for its planned investments in Egypt’s Agiba: Italy’s Eni…
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