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Business
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Economy
8/30/2023 2:36:45 PM
The Egyptian government is planning to exit 83 percent of its 26 companies in the agricultural sector, read a document on the Government IPO Programme released by the Cabinet's Information and Decision Support Centre (IDSC).
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Business
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Economy
8/29/2023 11:32:00 PM
The Egyptian government is planning to attract $5 billion from the offering of power plants and state-owned companies from October 2023 until the end of June 2024, according to a report on the Government IPO Programme by the Cabinet's Information and Decision Support Center (IDSC).
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Business
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Markets & Companies
8/22/2023 3:13:14 PM
A majority shareholder in Egypt's largest tobacco producer Eastern Company has received offers from foreign investors for the acquisition of up to 30 percent of its stake in the company, according to a bourse statement on Tuesday.
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Business
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Economy
8/21/2023 6:23:26 PM
The due diligence for the acquisition of the United Bank is scheduled to start by the end of September 2023, according to a statement by the Central Bank of Egypt (CBE) on Monday.
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Business
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Markets & Companies
8/8/2023 5:07:56 PM
The Japanese giant Otsuka Pharmaceutical is set to build a healthy food and energy drinks factory in Egypt's 10th of Ramadan City worth over EGP 1.2 billion ($38.8 million), according to an official statement on Monday.
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Business
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Markets & Companies
7/13/2023 9:21:21 PM
The Egyptian Exchange (EGX) indices saw mixed performance during the week ending on 13 July—the week started with declines caused by concerns over the current fiscal gap in Egypt and the economy's downgrade on the MSCI index.
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Business
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Economy
7/13/2023 7:02:37 PM
The International Monetary Fund (IMF) has welcomed recently steps by the Egyptian government to push forward the Initial Public Offering (IPO) Programme, boosting the private sector and tackling its dollar shortage.
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Business
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Economy
7/12/2023 2:55:24 PM
Egypt's leading real estate developer Talaat Mostafa Group (TMG) has submitted an offer to the Egyptian government to acquire a "significant stake with management rights in a sizable portfolio of seven state-owned hotels,” according to a bourse statement on Wednesday.
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Business
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Economy
7/11/2023 7:27:22 PM
Egypt has signed contracts with the private sector to sell state-owned entities worth $1.9 billion under the Initial Public Offering (IPO) programme which the country adopted earlier this year.
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Business
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Economy
7/11/2023 7:17:11 PM
Prime Minister Mostafa Madbouly announced on Tuesday that Egypt has signed contracts with the private sector to sell state-owned entities worth $1.9 billion under the Initial Public Offering (IPO) programme which the country adopted earlier this year.
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Business
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Economy
7/10/2023 6:12:07 PM
Egypt’s Prime Minister Mostafa Madbouly will hold a press briefing on Tuesday to reveal the progress the government has made on its privatization programme, including the initial public offering (IPO) programme.
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Al-Ahram Weekly
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Egypt
7/2/2023 11:14:00 AM
There are things the government needs to bear in mind as it intensifies efforts to sell stakes in state-owned companies.
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Business
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Economy
6/19/2023 8:19:01 PM
The Egyptian government signed on Sunday an agreement with the International Financial Corporation (IFC), the financial arm of the World Bank, to provide advisory services for its initial public offerings (IPOs) programme for state-owned companies.
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Business
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Economy
6/18/2023 4:04:00 PM
Egypt has signed an agreement with the International Financial Corporation (IFC), the financial arm of the World Bank, to provide advisory services for Egypt's privatization programme.
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Business
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Economy
6/8/2023 6:21:52 PM
Assistant Prime Minister Osama El-Gohary said on Thursday the government is considering divesting its stakes in 250 companies under its privatization programme.
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Business
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Markets & Companies
6/6/2023 6:57:03 PM
TAQA Arabia's has been listed on the EGX but awaits approval from the Financial Regulatory Authority (FRA) for trading.
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Business
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Markets & Companies
6/4/2023 6:14:51 PM
Beginning Sunday, TAQA Arabia's shares will be included in the EGX database under the ticker symbol (TAQA.CA) and will be assigned to the utilities sector, according to the EGX.
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Business
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Economy
6/1/2023 2:39:12 PM
The Egyptian Exchange (EGX) is preparing an energy company to be listed on the market within two weeks, EGX Chairman Ramy El-Dokany stated on Wednesday.
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Business
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Markets & Companies
5/23/2023 4:33:51 PM
The Egyptian Exchange (EGX) announced on Tuesday the sale of 22.3 million shares in the Housing and Development Bank for EGP 412.6 million ($13.3 million), which accounts for nearly 7.8 percent of the bank's total issued and paid-up capital.
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Business
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Economy
5/17/2023 11:17:52 PM
The Central Bank of Egypt (CBE) has hired the UK's Barclays Corporate and Investment Bank (Barclays CIB) as the international financial adviser for the sale of its 99 percent stake in the state-owned United Bank, according to a statement by the CBE on Wednesday.
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