• 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...
  • Wednesday, 27 October 2021

    TONIGHT: EgyptAir flight to Moscow u-turns + new military chief of staff named + minimum corporate tax plan coming in the US Senate and Sudan updates.

    It’s another busy day as we wind down from the last work week of October, ladies and gentlemen. Heading into Halloween, we’ve got the MPC meeting tomorrow, new appointments, and Sudan may have been neutralized as an ally in the...
  • Wednesday, 27 October 2021

    Egypt letting go of emergency rules was good news for the EGX

    It wasn’t a particularly eventful night on the airwaves, with President Abdel Fattah El Sisi’s decision yesterday to not renew the state of emergency still getting airtime.The decision was good for stocks: Al Hayah Al Youm’s Mohamed Sherdy and Ala...
  • Tuesday, 7 September 2021

    The EGX capital gains tax won’t be making its comeback in January 2022

    Investors are not yet facing new taxes on stock market transactions, the Finance Ministry said yesterday after reports in the local press fuelled speculation that the government is planning to introduce a capital gains tax on shares at the beginning...
  • Thursday, 8 July 2021

    The EGX is putting closing auctions to the test

    The EGX will today trial a new system to calculate closing share prices that is hoped to improve accuracy, increase trading volumes and boost foreign investment in Egyptian shares. The bourse is considering introducing an auction system to determine closing...
  • Thursday, 24 June 2021

    Giving small-caps a chance to shine?

    Tamayoz, Nilex’s new revamped small-cap index, is up and running as of yesterday’s trading session. Tamayoz replaces the NileX index and is designed to help draw attention to listed SMEs with solid fundamentals that are also significant growth stories. The...
  • Wednesday, 19 May 2021

    Are we in for an IPO-heavy 2H2021?

    The Egyptian Exchange could see as many as five more companies offer shares for sale before the year is out, EGX Chairman Mohamed Farid told CNBC Arabia, confirming a statement he made last month (watch, runtime: 1:23). According to Farid,...
  • Monday, 10 May 2021

    Corporate bonds could be on the menu for new EGX trading platform

    Traders see corporate bonds added to the EGX’s new platform for trading government bonds if they wish to expand the platform’s scope, EGX boss Mohamed Farid told Hapi Journal. Traders would be required to make a formal request to the...

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