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money markets
UAE’s ADQ acquires stakes in five Egyptian listed companies for $1.5 billion
Abu Dhabi’s wealth fund ADQ has acquired stakes in five companies listed on the Egyptian stock exchange (EGX) for 28.5 billion Egyptian pounds ($1.5 billion), according media reports
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5 state-run companies will be listed on Bahrain Bourse this year, official
Sheikh Khalifa bin Ibrahim, Chairperson of the Bahrain Bourse, has revealed during the annual conference of the Arab Federation of Capital Markets that there is a plan in place to offer five state-run…
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Expedition Investments will acquire majority stake in Domty
Arabian Food Industries Company (Domty) has received a non-binding initial offer from Expedition Investments to acquire a stake of up to 90% in Domty.
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EGX ends week on a negative note
The Egyptian Exchange (EGX) ended Thursday's trading session in the red zone, following a collective decline of its indices.
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Trading on Swvl Holdings begins at $10 per share
Egyptian bus-hailing service provider Swvl is preparing to start trading in the company’s shares on the Nasdaq Stock Exchange on Thursday at an indicative price per share of $10.
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Fawry sold a 6% stake in EGP 1.05 bn block transaction
The Egyptian Exchange (EGX) has announced an EGP 1.05 billion block deal on the shares of Fawry for Banking Technology and Electronic Payments.
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Global shares gain, oil prices decline as Shanghai locks down
Global shares are mostly higher and oil prices have fallen after Shanghai went into a nine-day semi-lockdown.
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USD/EGP average exchange barely moves to EGP 18.27 for purchase, EGP 18.37 for sale
The average price of the US dollar at the banks operating in Egypt increased by EGP 0.01 only on Monday, to EGP 18.2725 for purchase and EGP 18.3725 for sale.
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Egypt issues Samurai bonds worth $500 mln to address financial challenges
Egypt issued Japanese Yen*-dominated bonds with a total of $500 million, the first of their kind in Egypt and the Middle East in order to address financial challenges according to Minister of Finance…
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Egypt’s President ratifies Capital Market Law amends
Mohamed Omran — the Chairperson of the Financial Regulatory Authority (FRA) — said that President Abdel Fattah Al-Sisi issued Law No. 13 of 2022 amending some provisions of Capital Market Law No. 95…
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