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Banque du Caire IPO on hold until 2021
IPO WATCH- Banque du Caire’s IPO isn’t happening before 2021: State-owned Banque du Caire’s (BdC) plans to debut on the…
Earnings Watch- AT Lease, Domty, Misr Cement Qena, Obour Land
EARNINGS WATCH- AT Lease reported EGP 35.7 mn in net profits during 1H2020, up 4.6% from EGP 34.14 mn in…
Egypt’s gov’t to be ready for a move into the new capital next summer
Government buildings will officially be ready for their move to the new administrative capital next summer, with work on the…
Egyptian Commodity Exchange law will be with Parliament in October, says El Moselhy
LEGISLATION WATCH- Cabinet will submit the law that will establish the Egyptian Commodity Exchange to the House of Representatives in…
Trade Ministry to formally investigate alleged dumping of aluminum, rolled steel products
The Trade Ministry is opening a formal investigation into alleged dumping of ferrosilicon products imported from China, India, and Russia…
Egypt’s bourse adds 16 new companies to its list of securities eligible for shorting
You now have more stock options for short selling: The EGX has added 16 new companies to its list of…
Americana Egypt approves delisting shares from EGX ahead of Adeptio purchase
M&A WATCH- Americana Egypt approves delisting shares from EGX to fulfill Adeptio purchase: Americana Egypt’s board of directors have approved…
Prime Holding to offload AT Lease holdings after launching fintech subsidiary
M&A WATCH- Prime Holding is planning to offload the entirety of its stake in Al Tawfeek Leasing to avoid a…
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