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FRA orders brokerages to appoint anti-money laundering czar
REGULATION WATCH- Brokerages now need to appoint a dedicated anti-money laundering czar: Brokerage companies have received a letter from the…
MNHD plans new EGP 2 bn securitized bond offering
DEBT WATCH- MNHD plans new EGP 2 bn securitized bond offering: Madinet Nasr for Housing and Development is considering issuing…
Pioneers Holding to move ahead with five-way MTO after lowering share price
M&A WATCH- Pioneers Holding to move ahead with its five-way MTO after lowering share swap price: Pioneers Holding has decided…
Gov’t drops sukuks and tax breaks from export subsidy arrears program
Gov’t drops sukuk and tax breaks from export subsidy arrears program: The government has dropped sukuk issuances and tax and…
Signs of supply shocks in Egypt amid covid-19 disruptions
Signs of supply chain disruption in Egypt: Egypt’s supply of consumer electronics and sanitary ware is being hit by China’s…
Global markets suffer worst day’s trading since the 2008 crash
Global markets suffer worst day’s trading since the 2008 crash: US and European stock markets saw their worst single-day losses…
EGX enters bear market as covid-19, oil shock batter stocks
EGX is now in a bear market as covid-19 fears and the oil shock batter stocks: The benchmark EGX30 index…
Egypt now has 59 confirmed covid-19 cases
CORONA WATCH- Egypt now has 59 confirmed covid-19 cases, the Health Ministry said in a Monday statement, up from 55…
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