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Egypt gets its first federation for securities
Egypt gets its first federation for securities: The Financial Regulatory Authority (FRA) has approved the bylaws establishing Egypt’s first federation…
Uber-Careem takeover seems to be closing
Uber, Careem seem to be closing in on takeover agreement: Talks for global ride-hailing giant Uber to acquire Dubai-based Careem…
Egypt issues framework for planned sovereign wealth fund
REGULATION WATCH- Gov’t issues framework for planned sovereign wealth fund: The government has issued the framework for the planned EGP…
Foreign holdings in Egyptian treasuries rise 21.6% to c.USD 13.36 bn in Jan
Foreign holdings in Egyptian treasuries climbed 21.6% to EGP 233.8 bn (c.USD 13.36 bn) in January, up from EGP 192.2…
Egypt’s M2 money supply growth slows to 11.95% y-o-y in Jan
Egypt’s M2 money supply growth slowed by 11.95% y-o-y in January, CBE data showed. The figure stood at EGP 3.64…
In surprise move, gov’t kickstarts IPO program with a successful Eastern Tobacco secondary offering
State privatization program finally underway with an oversubscribed Eastern Tobacco offering: The private placement portion of Eastern Tobacco’s secondary offering…
Cabinet approves proposed changes to Anti-Terrorism Act
CABINET WATCH- Cabinet approves proposed changes to Anti-Terrorism Act: The Madbouly Cabinet approved yesterday proposed changes to the Anti-Terrorism Act…
Eastern renews contracts with BAT, Mansour to jointly produce cigarettes in Egypt
Eastern renews joint production contracts with BAT, Mansour: State-owned Eastern Company inked two five-year renewals of its joint production agreements…
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