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Egypt’s FX reserves up more than USD 1 bn to USD 44.3 bn at end of July 2018
Egypt’s net foreign currency reserves rose to USD 44.31 bn at the end of July 2018, up from USD 44.26…
Speed Round
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FRA committee completes draft of short-selling regs ahead of its introduction in 3Q2018
REGULATION WATCH- Shorts are coming: FRA committee completes draft of short-selling regs ahead 3Q2018 introduction: The Financial Regulatory Authority’s (FRA)…
Mondi completes Suez Bags acquisition
M&A WATCH- Mondi completes Suez Bags acquisition. The EGX announced on Thursday that Mondi Paper Sales completed its acquisition of…
Cairo Development and Investment minority shareholders have until 8 August to sell their stakes at EGP 4.20/share
Cairo Development and Investment minority shareholders have until 8 August to sell their stakes at EGP 4.20/share: Minority shareholders in…
Giza Spinning and Weaving to float up to 40% of shares in November IPO
IPO WATCH- Giza Spinning and Weaving to float up to 40% of shares in November IPO: Privately-owned Giza Spinning &…
NI Capital to manage another stake sale of the privatization program
NI Capital to manage another stake sale of the privatization program: The Holding Company For Maritime & Land Transport has…
FinMin will study fate of FX bond issuance in two months
EXCLUSIVE- FinMin won’t consider FX bond issuance until fall: The Finance Ministry will not begin considering a foreign currency-denominated bond…
Natgas market regulator sets fees for private sector’s use of the state grid at USD 0.38 MMBtu
Natgas market regulator sets fees for private sector’s use of the state grid at USD 0.38 / MMBtu: The Natural…
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