• Wednesday, 30 March 2022

    Arabia Investments wins appeal in years-long lawsuit against Peugeot

    A Cairo court has upheld Arabia Investments Holding’s appeal in its years-long EUR 150 mn lawsuit against Peugeot, filed in 2018 after the French firm unexpectedly ended the 41 year-old partnership. The appeal was filed after an Egyptian court issued...
  • Monday, 28 March 2022

    THIS MORNING: Covid restrictions eased ahead of Ramadan + Shoukry at landmark MidEast summit in Israel

    We seem to have traded the fire hose of news for a sprinkler today — and that’s just fine with us as we hope for the newsflow slowdown that often accompanies the holy month in Egypt. That said, something tells...
  • Wednesday, 23 March 2022

    Samurai bonds coming on Thursday

    Our inaugural Samurai bond issuance is back on: The Finance Ministry plans to sell USD 500 mn in JPY-denominated Samurai bonds in Japan on Thursday, Mohamed Hegazy, head of the ministry’s debt unit, told Enterprise yesterday. The issuance was announced...
  • Monday, 21 March 2022

    Make way for future flow securitization

    Future flow securitization is officially here: President Abdel Fattah El Sisi has ratified amendments to the Capital Markets Act that introduce future flow securitization, according to a decree published in the Official Gazette (pdf).What is future flow securitization? Future flow...
  • Monday, 21 February 2022

    Interested in an acquisition in the non-bank sector? You’ll soon need approval to start due diligence

    You will soon need to get regulatory approval before conducting due diligence on non-banking financial institutions, according to a decision (pdf) announced by the Financial Regulatory Authority (FRA) yesterday. Anyone looking to invest in a non-bank lender will need the...
  • Tuesday, 15 February 2022

    El Sisi signs fintech and unified budget acts into law

    Fintech Bros, pay attention here: President Abdel Fattah El Sisi has ratified the Fintech Act, which regulates robo-advisory, nano-finance, insurtech, and (tech-enabled) consumer finance, among other sectors. The law makes the Financial Regulatory Authority (FRA) the only entity in charge...
  • Tuesday, 18 January 2022

    THIS MORNING: It’s Day 2 of the Davos Agenda + Brent hits highest level since 2014

    Good morning, friends, and welcome to an incredibly busy issue packed with news of SPACs, IPOs, new debut issuance and new investment. It’s a bit like drinking from a fire hose this morning, so let’s jump straight in after this...
  • Thursday, 13 January 2022

    One step closer to Macro’s IPO

    Cosmeceuticals giant Macro Group’s shares will be listed on the EGX today after receiving the blessing of the bourse’s listing committee yesterday, according to an EGX statement (pdf) yesterday. The listing will pave the way for company’s plan to offer...
  • Sunday, 2 January 2022

    4-5 companies could sell shares on the EGX this year -Farid

    Four or five companies could offer shares on the EGX in 2022, Hapi Journal reported EGX boss Mohamed Farid as saying last week. Ten companies have contacted the bourse regarding listing shares on the exchange, he said, without providing further...

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