• Sunday, 3 April 2022

    Swvl rises on Nasdaq debut, eyes dual listing on the EGX

    Swvl shares rise on Nasdaq debut: Shares in Cairo-born mass transit app Swvl rose on their Nasdaq debut on Friday as the company concluded its SPAC merger with Queen’s Gambit Growth Capital. Shares rose to an intraday high of USD...
  • Wednesday, 23 March 2022

    THIS MORNING: EGP settles in at EGP 18.57 to the greenback + more price caps are coming

    Good morning, friends, and welcome to another exceptionally heavy news day, so as we did earlier this week, let’s jump straight in:The EGP eased another 1.6% against the greenback yesterday, settling at EGP 18.57. The currency has now slid 17.7%...
  • Monday, 21 March 2022

    Intro Group to invest EGP 1 bn in waste management this year

    Intro Group subsidiary Intro Sustainable Resources (IRS) is looking to invest some EGP 1 bn in waste recycling this year, Mostafa Khairat — the CEO of Intro’s waste management arm and BariQ, told Al Mal. IRS was established in 2020...
  • Thursday, 17 March 2022

    2021 a “historic year” for MENA IPOs, says EY

    MENA exchanges saw an “unprecedented surge” in stock market debuts in 2021, with a record 21 companies completing IPOs in the region, EY says in its quarterly MENA IPO Eye report. Companies raised some USD 7.9 bn in debut share...
  • Thursday, 17 March 2022

    Misr Life IPO could go ahead in October

    Misr Life Ins. IPO to go ahead in October? State-owned Misr Ins. Holding (MIH) will float 25% of its life ins. subsidiary on the EGX in October, Public Enterprises Minister Hisham Tawfik told Al Mal. The firm has tapped NI...
  • Tuesday, 15 March 2022

    Chinese shares suffer biggest sell-off since ‘08 on covid, Ukraine fears

    Chinese stocks see biggest sell-off since the 2008 recession: Hong Kong-listed Chinese stocks had their worst day since the global financial crisis, as Beijing’s continued ties with Russia, regulatory concerns, and new covid-19 lockdowns sparked a panic selloff, Bloomberg reports....
  • Tuesday, 15 March 2022

    Swvl expects US regulators to greenlight its Nasdaq IPO today

    Mass transportation startup Swvl expects to receive final approvals on its IPO from the US’ Securities and Exchange Commission (SEC) today, CFO Youssef Salem told Enterprise. The Egypt-born ride-hailing app is set to go public on the Nasdaq through its...
  • Monday, 14 March 2022

    Misr Ins. appoints legal advisor for planned IPO

    Misr Ins. Holding (MIH) has tapped Zaki Hashem & Partners as legal advisors for the process of offering its subsidiary, Misr Life Ins., on the EGX, Chairman Basel El Hiny said in a press conference yesterday.MIH is looking to list...
  • Monday, 7 March 2022

    FedEx Express not considering an EGX IPO for its Egypt unit

    FACT CHECK- FedEx Express is not currently considering an IPO of its Egypt unit on the EGX, a company spokesperson told Enterprise yesterday. An article published by Al Shorouk yesterday quoted the company’s regional head for the Middle East, India...

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