• Tuesday, 7 December 2021

    Meet our analyst of the week: Beltone’s Aly Adel

    OUR ANALYST OF THE WEEK- Aly Adel, vice president of research at Beltone Financial (LinkedIn).My name is Aly Adel and I’ve wanted to be in this field since university days. I was part of a student activity, Stock Market Simulation,...
  • Wednesday, 10 November 2021

    Earnings watch: Contact Financial, Beltone, MNHD, NileSat

    Contact Financial’s net income rose 65% to EGP 114 mn in 3Q2021 from the same period in 2020, according to the company’s financials (pdf) out yesterday.The results reflect growth in Contact’s financing business… Contact’s net income from financing across the...
  • Wednesday, 4 August 2021

    Mercedes’ local partner plans EGP 1 bn bond issuance to enter EV market

    A EGP 1 bn bond issuance could help Mercedes’ local partner enter the EV market: The National Automotive Company (NATCO) plans to offer bonds worth EGP 1 bn to expand its distribution network and enter the electric-vehicle (EV) sector, the...
  • Wednesday, 16 June 2021

    Zeta Investments ups stake in Beltone to 4%

    M&A WATCH- Zeta Investments has raised its stake in Beltone Financial to 4% from 3.1%, it said in a statement (pdf) to the EGX yesterday. The Hong Kong-based investment firm purchased some 4.6 mn shares for almost EGP 17.4 mn.Other...
  • Wednesday, 16 June 2021

    Zeta Investments ups stake in Beltone to 4%

    M&A WATCH- Zeta Investments has raised its stake in Beltone Financial to 4% from 3.1%, it said in a statement (pdf) to the EGX yesterday. The Hong Kong-based investment firm purchased some 4.6 mn shares for almost EGP 17.4 mn.Other...
  • Tuesday, 20 April 2021

    Beltone on board to manage CBE margin trading support fund?

    The Central Bank of Egypt (CBE) has reportedly tapped Beltone Financial to manage a new margin trading fund with a preliminary allocation of EGP 1 bn that will be deployed to support margin lending through brokerages, Al Mal reports, quoting...
  • Tuesday, 9 March 2021

    Meet our analyst of the week: Beltone’s Abanob Magdy

    OUR ANALYST OF THE WEEK- Abanob Magdy, associate vice president at Beltone Financial.My name is Abanob Magdy and I’ve been at Beltone Financial for the past two years. I started my career at Deloitte as a financial auditor and while...
  • Sunday, 7 March 2021

    Foundation Ventures aims to invest EGP 30 mn this year from inaugural fund

    VC firm Foundation Ventures is planning to invest around EGP 30 mn this year from its inaugural Egypt-focused fund, managing partner Omar Barakat told us. “We’re always interested in fintech, given that it’s growing across Egypt” and is getting a...
  • Wednesday, 10 February 2021

    New OFH management structure + Sena Erten tapped as Ericsson MEA VP

    OFH management structure: Onsi Naguib Sawiris (LinkedIn) will become chairman of Orascom Financial Holding (OFH) — the spinoff company from Orascom Investment Holding that will be created in the upcoming horizontal demerger, OFH said in response to an inquiry from...

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