• Wednesday, 24 August 2022

    Four global firms in the running to build Anchorage’s USD 2 bn petchem complex

    Anchorage Investments has shortlisted four international firms to build its USD 2 bn petrochemical complex in the Suez Canal Economic Zone (SCZone), according to a company statement (pdf). Hyundai Engineering and Construction, Samsung Engineering, Technip Energies, and Technicas Reunidas made...
  • Tuesday, 9 August 2022

    Money is leaving private equity, venture capital at a record pace

    Investors are leaving private equity and VC funds at a record pace this year, as the era of cheap money screeches to a halt, the Financial Times reports. Some USD 33 bn has fled private funds in 1H 2022, up...
  • Thursday, 4 August 2022

    The Suez Canal Authority hasn’t given up on its IPO plans

    The SCA still wants to take some of its companies public: The Suez Canal Authority (SCA) is considering listing three of its companies on the EGX by the end of 2022, Chairman Osama Rabie told Al Arabiya yesterday.The authority has...
  • Monday, 1 August 2022

    THIS MORNING: Ukrainian wheat exports could start today; “No backsliding” on global climate targets, says Shoukry

    Good morning, nice people, and welcome to the month of August. It feels a bit as if the volume of news is slowing (as is traditionalf or the first two weeks of August), but we nonetheless have a meaty issue...
  • Thursday, 28 July 2022

    State IPOs may be possible this year, but first sukuk could be sold at home –Maait

    The government is still holding out hope that it could sell stakes in as many as 10 companies before the end of the year, Finance Minister Mohamed Maait told Al Arabiya yesterday (watch, runtime: 1:16), insisting that a state program...
  • Wednesday, 27 July 2022

    Aman pushes IPO to 2023

    Aman pushes EGX debut to next year: Raya Holding’s non-banking financial services outfit, Aman Holding, has reportedly become the latest Egyptian company to delay plans to IPO on the EGX as global economic headwinds batter financial markets. The company was...
  • Sunday, 24 July 2022

    FEMCO eyes EGX debut

    Engineering and contracting company FEMCO is looking at potentially IPOing on the EGX within the next two years, Al Mal cites Managing Director Ahmed Hassan as saying. The company would list 49% of its shares on the bourse to finance...
  • Thursday, 21 July 2022

    Last Night’s Talk Shows on Safi and Wataniya’s long awaited EGX debuts

    The decision to move forward with the IPOs of military firms Safi and Wataniya Petroleum got headline treatment on the talk shows last night. The cabinet yesterday approved pre-listing procedures for the share sales, which have now been in the...
  • Thursday, 21 July 2022

    Cabinet approves military IPOs

    A step closer to a military IPO: The state is moving forward with the EGX listing of the National Company for Producing and Bottling Water (Safi) and Wataniya Petroleum after the cabinet approved the pre-listing procedures for the military companies...

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