Private-Equity News
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egistering fund certificates in EGX to allow investors to compare market and book values
This will lead to radical change in regulating items for funding activities in executive regulations of the Market Law as well as those of IPO.
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Egypt's EFG-Hermes to return $122 million to shareholders
EFG Hermes stepped up its growth strategy after selling a 40 percent stake in Lebanese lender Credit Libanais.
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Egypt's Stock Exchange to cut trading hours during Ramadan
The main market's trading will be preceded by a discovery session starting 9:30am.
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Unified exchange rates to be set daily
Supply Minister agreed with exchange bureaus to set unified rate for dollar to avoid informal speculation and ensure stability for currency rates.
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Egypt's EFG Hermes to sell 40pct stake of Credit Libanais
EFG Hermes owns 63.7 percent of Credit Libanais, its only commercial banking service, shows the latter's website.
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Egypt's C.Bank sells $551 million in exceptional FX auction
The auction is to cover imports of strategic goods as Egypt has been suffering from a foreign-currency crunch due to political turmoil.
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Egypt to take part in Berlin’s stock exchange
The delegation will include officials from the Tourism Ministry, Tourism Promotion Authority and Egypt’s Ambassador to Germany.
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Egypt's Pioneers to complete Rooya listing in H2 2016
Rooya has a real estate portfolio of about 9 million square metres, with 6 million of that currently under development.
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Profit repatriation impedes acquisition deals in local market
CBE failed to resolve repatriation problems, which hindered flow of foreign direct investment, say Experts.
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How Egypt plans to boost its stock exchange
In an effort to shore up its economy, Egypt plans to list shares of some government-owned banks and companies on its ailing stock exchange.
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Egypt’s stock market hits 3-year low
The stock market lost 6 billion dollars last week.
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Egypt’s bourse registers 1 700 new companies in 2015
Such an increase was led by foreign companies that increased by 47 percent to 1,198 companies.
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Egypt’s stock market loses US$5.1 billion in November
Egypt market capitalization lost LE87.02 billion during the first 11 months of 2015.
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Egypt's Pioneers Holding 9-month net profit up to $51.09 million
Operating revenues for the period were 3.9 billion Egyptian pounds, up from 1.8 billion during the same period last year.
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Egypt's Stock Market Dips Amid Heavy Selling
The Egyptian stock exchange dropped on Monday, reversing a climb in the first few minutes of trading, with retreats across its three main indices.
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Egypt’s market loses $268m in week
EGX market capital lost EGP2.1 billion ($268 million) to hit EGP423.1 billion, compared to EGP425.2 billion last week.
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Egypt's market inches up on Egyptian, Arab buying
Egyptian investors were net buyers to the tune of LE34 million and Arab investors to the tune of LE10 million.
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Application of sustainability enables Egypt’s economy to attract $20bn
Omran says conference is not luxury but rather means to think outside the box, since waiting for market challenges to end is not an option.
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Foreign exchange pressures on Egypt likely to continue for years
The flexible policy recommended is bringing the currency exchange rate closer to the local currency's real value determined by strength of economy.
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High levels of liquidity support raising stock market
Transactions of Egyptians and Arabs tended towards buying, while foreigners’ transactions tended towards selling.