Abu Dhabi is offering incentives to kickstart its dormant IPO pipeline: ADX officials have reached out to companies with offers of flexible freefloat requirements and promises to slash or waive listing fees, unnamed sources said, in a bid to tempt companies to list after nearly four years with no new IPOs, according to Bloomberg. The ADX hasn’t seen a single listing since the sale of Abu Dhabi National Oil Company in 2017, and bourse officials said they hoped the new incentives could encourage at least 10 new listings this year.

Turkey’s central bank management gets its third shakeup this year: Turkish President Recep Tayyip Erdogan has appointed a new deputy governor, Semih Tumen, to replace Oguzhan Ozbas, Bloomberg reports, citing a presidential decree in the Official Gazette. The decision comes two months after the president dismissed the bank’s third governor in almost two years, sending the country’s currency tumbling, while inflation remains at a near two year high in the double digit realm.

The EGX30 fell 2.13% yesterday on turnover of EGP 1.24 bn (2.5% below the 90-day average). Local investors were net buyers. The index is down 2.89% YTD.

In the green: MM Group (+0.7%).

In the red: Sodic (-6.2%), ElSewedy Electric (-4.1%) and Ezz Steel (-4.1%).

It’s green as far as the eye can see this morning for shares in Asia, and major European indexes look set to join Wall Street later this morning by opening in positive territory.