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Ezz Steel losses accelerate on “extremely adverse” market conditions
EARNINGS WATCH- Ezz Steel 2019 losses accelerate in 3Q on “extremely adverse” market conditions: Ezz Steel reported a consolidated net…
Hussein Shoukry resigns from SODIC board
MOVES- Hussein Shoukry resigns from SODIC board: HC Securities Chairman Hussein Shoukry has submitted his resignation from the SODIC board…
EFG Hermes tops EGX brokerage league table in December
EFG Hermes topped the EGX’s brokerage league table for December with a market share of 32.1%, according to EGX figures…
Misr Capital closes EGP 2.2 bn securitized bond issuance for Corplease
DEBT WATCH- Misr Capital closes EGP 2.2 bn securitized bond issuance for Corplease: Misr Capital has concluded a EGP 2.2…
National Investment Bank plugs state-owned companies to investors
INVESTMENT WATCH- National Investment Bank plugs state-owned companies to investors: The National Investment Bank has held talks with investors about…
Egypt’s foreign reserves up in December, foreign holdings of Egyptian treasuries up in November
Egypt’s foreign reserves increased marginally to USD 45.42 bn at the end of December, compared to around USD 45.354 bn…
Turkish military enters Libya to support UN-backed gov’t
Turkish military units have started moving to Libya to support the UN-backed Government of National Accord (GNA) in Tripoli, Turkish…
Banque du Caire acquires 20% stake in Egy Serv
M&A WATCH- Banque du Caire acquires 20% of Egy Serv: Banque du Caire (BdC) has acquired a 20% stake in…
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