• Tuesday, 6 April 2021

    More listings, please.

    Another two listings coming this year? An agricultural company and a petrochemicals firm will offer shares on the EGX this year, bourse chairman Mohamed Farid said yesterday, without disclosing whether they would be primary or secondary offerings. This came on...
  • Wednesday, 31 March 2021

    Burnin’ up

    …And while we’re on the subject of IPOs: We could see five or six new listings hitting the EGX in 2021, which may pave the way for the return of institutional investors into the market, EGX Chairman Mohamed Farid tells...
  • Sunday, 28 March 2021

    Re-energized small-cap index coming to a market near you at the end of the year

    The EGX30 ended today’s session flat on turnover of EGP 685 mn (53.5% below the 90-day average). Foreign investors were net sellers. The index is up 0.2% YTD.In the green: Pioneers (+3.3%), Oriental Weavers (+2.2%) and Telecom Egypt (+2.1%).In the...
  • Tuesday, 19 January 2021

    EGX30 gets a boost with new criteria

    New criteria for inclusion in the country’s most important stock index are rolling out next month. The changes aim to make the EGX30 more attractive to foreign investors by giving more weight to stocks with large market capitalizations that are...
  • Sunday, 3 January 2021

    EGX to help brokerages offer short selling

    The EGX could move to slash the cost of the electronic system needed to short sell on the bourse if brokerages request a lower price tag, EGX Chairman Mohamed Farid said at a virtual presser on Thursday, according to Al...
  • Wednesday, 26 August 2020

    EGX to purchase 30% of commodities exchange management company

    EGX to claim 30% ownership of commodities exchange; who will own the futures exchange still to be determined: The EGX is staking its claim to the as of yet unestablished commodities exchange, according to statements by EGX Chairman Mohamed Farid...
  • Monday, 6 July 2020

    EGX looking to change how closing share prices are calculated, says Farid

    REGULATION WATCH- EGX looking to change how closing share prices are calculated, says Farid: The EGX plans to implement “soon” a mechanism proposed by the Financial Regulatory Authority’s stock exchange advisory committee that would see the EGX conduct auctions to...
  • Monday, 18 May 2020

    Your top education stories of the week

    Your top education stories of the week: Kids are staying home indefinitely after Egypt announced a three-stage plan to fully reopen the economy and saying that schools and nurseries will remain closed “during the pandemic.”Egypt will manufacture 40% of next...
  • Monday, 23 March 2020

    Economic measures to combat covid-19 top story on talk shows

    The government’s spending package to tackle covid-19 took center stage on the airwaves last night: Al Kahera Alaan’s Lamees El Hadidi covered yesterday’s cabinet meeting during which President Abdel Fattah El Sisi announced that the central bank would allocate EGP...

Enterprise is a daily publication of Enterprise Ventures LLC, an Egyptian limited liability company (commercial register 83594), and a subsidiary of Inktank Communications. Summaries are intended for guidance only and are provided on an as-is basis; kindly refer to the source article in its original language prior to undertaking any action. Neither Enterprise Ventures nor its staff assume any responsibility or liability for the accuracy of the information contained in this publication, whether in the form of summaries or analysis. © 2022 Enterprise Ventures LLC.

Enterprise is available without charge thanks to the generous support of HSBC Egypt (tax ID: 204-901-715), the leading corporate and retail lender in Egypt; EFG Hermes (tax ID: 200-178-385), the leading financial services corporation in frontier emerging markets; SODIC (tax ID: 212-168-002), a leading Egyptian real estate developer; SomaBay (tax ID: 204-903-300), our Red Sea holiday partner; Infinity (tax ID: 474-939-359), the ultimate way to power cities, industries, and homes directly from nature right here in Egypt; CIRA (tax ID: 200-069-608), the leading providers of K-12 and higher level education in Egypt; Orascom Construction (tax ID: 229-988-806), the leading construction and engineering company building infrastructure in Egypt and abroad; Moharram & Partners (tax ID: 616-112-459), the leading public policy and government affairs partner; Palm Hills Developments (tax ID: 432-737-014), a leading developer of commercial and residential properties; Mashreq (tax ID: 204-898-862), the MENA region’s leading homegrown personal and digital bank; Industrial Development Group (IDG) (tax ID:266-965-253), the leading builder of industrial parks in Egypt; Hassan Allam Properties (tax ID:  553-096-567), one of Egypt’s most prominent and leading builders; and Saleh, Barsoum & Abdel Aziz (tax ID: 220-002-827), the leading audit, tax and accounting firm in Egypt.