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money markets
EGX, other stock exchanges discuss launching a carbon platform
The president of the Egyptian Exchange (EGX) discussed with the heads of the South African, Korean, and Malaysian stock exchanges the launch of a voluntary platform for trading carbon documents and…
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Banks in Egypt set withdrawal limits on using ATM cards abroad
Several banks operating in the Egyptian market have imposed limits on foreign exchange withdrawal using debit or credit cards outside Egypt.
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Egypt seeks to collect some $3bn from 2nd group of IPOs next year
Egypt's Minister of Planning, Hala El-saeed, revealed that the first group of initial public offerings (IPOs) fund will be completed within a few weeks at a value of $3 billion.
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Wataniya, Safi will be offered on EGX by year-end, Madbouly says
The Sovereign Fund of Egypt plans to take military-owned filling station Wataniya and bottled water company Safi public on the EGX before the end of 2022, according to a a cabinet statement.
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British pound slumps to new lows against US dollar
The British pound fell to all-time low against the U.S. dollar early Monday after Treasury chief Kwasi Kwarteng pledged further tax cuts, fueling concerns about the government's economic policy.
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The real estate sector is the most active in the EGX with turnover of EGP 1.3bn
The real estate sector topped the list of the most active sectors listed on the Egyptian Exchange (EGX) during last week’s transactions with a trading value of EGP 1.3bn.
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Government would back a more ‘Flexible exchange rate’– minister
We as a government do agree that a flexible exchange rate is definitely good for the economy," Planning Minister Hala El Said told BloombergTV today (watch, runtime: 6:40
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Financial Securities Brokerage Group tops brokerage deals in August
Financial Securities Brokerage Group took the lead in the securities brokerage companies’ ranking for the transactions in the Egyptian Exchange (EGX) in August after executing transactions worth EGP…
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EGX now has a new head Ramy El Dokany
Rami El Dokany (LinkedIn) has been named head of the EGX for a one-year term by Prime Minister Mostafa Madbouly, according to a cabinet statement.
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Orascom okays Chimera’s acquisition of majority stake in Beltone Financial Holding
Orascom Financial Holding, which is owned by well-known Egyptian millionaire Naguib Sawiris, has accepted an offer extended by UAE-based Chimera Investments to acquire a controlling stake in…
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