• Thursday, 11 November 2021

    Cabinet announces basket of measures to make EGX more attractive to investors, companies

    Trading on the EGX is about to get more affordable: The Madbouly government has announced a package of EGX tax cuts and fee reductions to support trading on the bourse ahead of the introduction of the capital gains tax on...
  • Monday, 8 November 2021

    Has the global coal market topped out?

    Egyptian cement companies could get some respite from sky-high coal prices amid signs that the energy supply crises in China and India are abating. Global coal prices have soared to record highs this year as two of the world’s biggest...
  • Wednesday, 3 November 2021

    Bond market nervous, equities shrug ahead of key Fed meeting

    Volatility is spiking in US bond markets, but equities are turning a blind eye to risk: The uncertain outlook on inflation has jolted US government bonds, as fixed-income investors fret over the impact of the prospective Fed taper. Meanwhile, the...
  • Wednesday, 3 November 2021

    Benya Capital studies dual listing

    IT infrastructure contractor Benya Capital is considering a dual listing on the EGX and a foreign bourse, CEO Ahmed Mekky said, according to Hapi Journal. The company will soon complete studies on a potential IPO in Egypt, after which it...
  • Wednesday, 3 November 2021

    Let’s skip the formalities and just SPAC

    Two companies are already eyeing setting up SPACs in Egypt to acquire and list fintech players, Zulficar & Partners founding partner Anwar Zeidan told Enterprise, confirming a story that was originally published in Al Mal. The companies are both non-banking...
  • Tuesday, 2 November 2021

    The SPACs cometh

    SPACs could be landing in Egypt soon, after the Financial Regulatory Authority’s (FRA) board greenlit a proposal to allow the establishment of blank-check firms here, the regulatory body announced in a statement yesterday. The proposal, which was put forward by...
  • Monday, 1 November 2021

    Taaleem profits up 29% in FY 2020-2021; announces share buyback program

    Higher education platform Taaleem reported EGP 185.3 mn in net income during FY2020-21, up 29% from the year before, according to the company’s earnings release (pdf). Revenues for the fiscal year, which ended on 31 August, rose 34% y-o-y to...
  • Sunday, 31 October 2021

    Microsoft is the world’s most valuable public company

    Microsoft is tech’s top dog once again, reclaiming its spot as the world’s most valuable publicly-traded company after Apple took a slide on the release of its third-quarter earnings. Microsoft shares were up 2.2% on Friday, making the company worth...
  • Thursday, 28 October 2021

    Fertiglobe shares jump 20% on ADX debut

    Fertiglobe shares jumped 20% in their ADX debut yesterday before closing 17.6% higher at AED 3.06 per share. The joint venture between the state-owned Abu Dhabi National Oil Co. (Adnoc) and Nassef Sawiris’ OCI raised some USD 795 mn in...

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