The EGX is in serious talks with five or six private sector companies to list on the bourse.
Egyptian shares suffered their biggest single-day loss since early July yesterday amid growing investor concerns about global growth.
Egypt wants to generate USD8.5-10 bn in natural gas revenues in FY 2022-23, up from USD6.5 bn last year.
Prime Minister yesterday signed off on amendments to the executive regulations of the PPP Act aimed at making it easier for private sector firms to partner with the government on key projects.
Maha Capital, the investment arm of Qatar Investment Authority, signed an MoU with the Transport Ministry to explore investment in Egypt’s container terminals.
The Ministry of Transport is currently in negotiations with financial institutions and international banks, in coordination with Siemens Mobility, to provide the necessary funding for the construction of the second and third lines of the high speed rail.
The Suez Canal Authority will IPO the Canal Mooring & Lights Company on the EGX by the end of 2022. The Authority plans to offer 10-15% of the company to investors.
According to the CBE, Egyptian banks recorded a net profit of EGP58.9 billion in 1H22.
Chairman of the FRA issued a periodical on re-estimating the values of insured assets to ensure they reflect their market values to protect policyholders' rights, and to obligate companies to conduct periodical assessments to all insured assets.
First Abu Dhabi Bank Egypt merging process with Bank Audi Egypt will be finalized soon during the third week of October 2022.
Steel sales reached new highs in August to record 980K tons (+36% YoY, +104.9% MoM).
MNHD signed a EGP1.5 billion construction MoU for the construction of 941 units in Shalya in Taj City.
EMFD Board approved credit facility contracts and approved future expansions in the Soul project.
MHOT AGM approved distributing EGP3.00/share cash dividends.