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money markets
EFG Hermes has, once again, topped the EGX’s brokerage league table
Financial Brokerage Group has occupied first place among Egypt’s brokerage companies in the first nine months (9M) of 2021, with a substantial trading value of EGP 81.5bn, accounting for 12.1% of the…
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Abu Auf may launch 49% stake on EGX sale in 2Q2022
Healthy food brand Abu Auf’s parent company AUF plans to make its EGX debut in 2Q2022, the company said in a statement (pdf) yesterday. AUF has appointed EFG Hermes to quarterback the transaction.
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Cotton to trade on Egypt’s commodity exchange in 2022
Egypt's Minister of Public Business Sector, Hisham Tawfik, said that cotton will be traded on the commodity exchange starting from 2022.
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Egypt’s e-finance to offer 14.5% stake on stock market in Q4 2021
Egypt’s state-run digital payments infrastructure and fintech platform, e-finance announced its intention to float up to 14.5% of its shares on the Egyptian Exchange (EGX) in the fourth quarter (Q4)…
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Egypt introduces amendments to streamline listings, encourages IPOs
Egypt seems to streamline rules for large companies to list on the country’s stock exchange (EGX) as its market regulator announced on Sunday new listing amendments.
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Egyptian Bourse proposes allowing SPAC listings
The Egyptian Exchange's (EGX) Chairman, Mohamed Farid, has submitted proposed amendments to the listing regulations to the Financial Regulatory Authority (FRA) to be reviewed as per the Capital Market…
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Egypt’s financial regulator approves Eastern Co’s capital cut
The Egyptian Financial Regulatory Authority (FRA) approved the publication of a disclosure form submitted by Eastern Co.
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Egypt may launches more green bonds one year after a $750 million sale – official
Egypt is seeking to increase the number and frequency of its issuances of green bonds following a successful $750 million sale a year ago, Deputy Finance Minister Ahmed Kouchouk said.
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Egypt’s GDP expected to grow to 5.3% in FY2022/23 through FY2023/24: S&P
Egypt’s economic growth is relatively strong, with real GDP growth projected to hit 5.3 percent in FY2022/2023 through FY2023/2024, according to Standard & Poor’s (S&P), the leading American…
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Zahraa Maadi becomes largest market-cap real estate developer on EGX
Zahraa Maadi Investment and Development's stock rose to a new record level during Wednesday's trading session to be the largest real estate developer on the Egyptian Exchange (EGX) by market cap.
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