• Wednesday, 29 April 2020

    Beltone Financial to finalize Auerbach Grayson sale in 3 months

    M&A WATCH- Beltone to complete sale of Auerbach Grayson in three months: Beltone Financial Holding is expecting to wrap up the sale of its 60% stake in New York-based brokerage Auerbach Grayson in the next three months, provided the “current...
  • Monday, 27 January 2020

    Telecom Egypt not selling Vodafone Egypt stake

    M&A WATCH- Telecom Egypt not exiting Vodafone Egypt: State-owned Telecom Egypt has no plans to sell its 45% stake in Vodafone Egypt, the company said yesterday (pdf), a day after press reports claimed that Saudi Telecom (STC) was in talks...
  • Wednesday, 15 January 2020

    FRA approves Beltone’s new financial leasing, mortgage finance arms

    The Financial Regulatory Authority has approved Beltone Financial’s plans to establish financial leasing and mortgage finance subsidiaries, Beltone’s Director of Investor Relations Osama Rashad, the local press reports. Beltone will hold a 98% stake in the two companies. The company...
  • Tuesday, 14 January 2020

    Beltone to offload majority stake in Auerbach Grayson amid losses

    M&A WATCH- Beltone to offload majority stake in Auerbach Grayson brokerage amid losses: Beltone Financial intends to sell its 60% stake in New York-based brokerage firm Auerbach Grayson before March in a bid to return the company to profitability, CEO...
  • Sunday, 8 December 2019

    Egypt’s EGP 150 bn industry, mortgage support initiatives positive for EGP stability + real estate sector -Beltone

    Gov’t’s EGP 150 bn industry, mortgage support initiatives positive for EGP stability + real estate sector -Beltone: The government and the central bank’s EGP 100 subsidized initiative to provide subsidized loans for mid-sized manufacturers and a EGP 50 bn middle-income...
  • Thursday, 28 November 2019

    FRA approves Beltone Financial capital increase to pay off OIH debt

    The Financial Regulatory Authority (FRA) has approved Beltone Financial’s planned capital increase to EGP 898 mn from EGP 338 mn through a rights issue of 280 mn shares at EGP 2 apiece, according to a FRA disclosure to the EGX...
  • Wednesday, 20 November 2019

    Egypt’s outlook for next year is looking good, says Beltone’s Alia Mamdouh

    Egypt’s outlook for next year is looking good, says Beltone’s Alia Mamdouh: The outlook for Egypt’s GDP growth, EGP performance, and inflation targets is “positive” in 2020, Beltone Financial’s macro and strategy director Alia Mamdouh tells Bloomberg TV (watch, runtime:...
  • Thursday, 7 November 2019

    EFG Hermes tops Egyptian bourse brokerage league table in October

    EFG Hermes topped the EGX’s brokerage league table for October with a market share of 18.5%, according to figures released by the EGX (pdf). Arqaam came in second with an 11.5% market share, followed by CI Capital (6.2%), Beltone (5.3%),...
  • Tuesday, 22 October 2019

    Fitch forecasts 50 bps rate cut in November MPC meeting

    Fitch Solutions expects the CBE to cut interest rates by 0.5% before the end of the year, and 1.5% in 2020, Masrawy said, citing a report. The data vendor arm of the ratings agency said that easing inflation and the...

Enterprise is a daily publication of Enterprise Ventures LLC, an Egyptian limited liability company (commercial register 83594), and a subsidiary of Inktank Communications. Summaries are intended for guidance only and are provided on an as-is basis; kindly refer to the source article in its original language prior to undertaking any action. Neither Enterprise Ventures nor its staff assume any responsibility or liability for the accuracy of the information contained in this publication, whether in the form of summaries or analysis. © 2022 Enterprise Ventures LLC.

Enterprise is available without charge thanks to the generous support of HSBC Egypt (tax ID: 204-901-715), the leading corporate and retail lender in Egypt; EFG Hermes (tax ID: 200-178-385), the leading financial services corporation in frontier emerging markets; SODIC (tax ID: 212-168-002), a leading Egyptian real estate developer; SomaBay (tax ID: 204-903-300), our Red Sea holiday partner; Infinity (tax ID: 474-939-359), the ultimate way to power cities, industries, and homes directly from nature right here in Egypt; CIRA (tax ID: 200-069-608), the leading providers of K-12 and higher level education in Egypt; Orascom Construction (tax ID: 229-988-806), the leading construction and engineering company building infrastructure in Egypt and abroad; Moharram & Partners (tax ID: 616-112-459), the leading public policy and government affairs partner; Palm Hills Developments (tax ID: 432-737-014), a leading developer of commercial and residential properties; Mashreq (tax ID: 204-898-862), the MENA region’s leading homegrown personal and digital bank; Industrial Development Group (IDG) (tax ID:266-965-253), the leading builder of industrial parks in Egypt; Hassan Allam Properties (tax ID:  553-096-567), one of Egypt’s most prominent and leading builders; and Saleh, Barsoum & Abdel Aziz (tax ID: 220-002-827), the leading audit, tax and accounting firm in Egypt.