|
Business
-
Markets & Companies
5/16/2023 3:46:29 PM
Egypt is preparing two state-owned companies to be offered as investments before the end of the current fiscal year, Mohamed Metwally, CEO of NI Capital, the Egyptian government financial adviser announced.
|
|
Business
-
Economy
5/14/2023 2:59:05 PM
Fitch Solutions said that the fourth Egyptian pound devaluation will occur in the context of progress on the divestment strategy Egypt is enacting. Egypt is currently working on reducing the government footprint in the economic activity for the private sector; chiefly through its initial public offering (IPO) and privatization programmes.
|
|
Business
-
Markets & Companies
5/14/2023 1:08:38 PM
The Ministry of Finance on Sunday announced the sale of a 10 percent stake in Telecom Egypt, as part of the government’s privatisation programme.
|
|
Business
-
Markets & Companies
5/2/2023 5:14:06 PM
The UAE’s National Paints acquired on Tuesday 81 percent of Egypt’s state-owned Paint and Chemicals Industries (PACHIN), purchasing a total of 19.358 million of the company’s shares in a deal worth EGP 770.4 million (about $25 million).
|
|
Business
-
Economy
4/30/2023 6:00:00 AM
Egypt's Prime Minister Mostafa Madbouly announced on Saturday that over 10 military-affiliated companies would soon be listed for investors as part of its ongoing initial public offering (IPO) programme.
|
|
Business
-
Economy
4/5/2023 10:50:36 PM
Egypt has received offers from investors to purchase shares in the National Company for Producing and Bottling Water (Safi) and Wataniya Petroleum Company, according to the CEO of The Sovereign Fund of Egypt (TSFE) Ayman Soliman.
|
|
Business
-
Economy
3/29/2023 1:40:01 PM
The Central Bank of Egypt's (CBE) Monetary Policy Committee (MPC) is scheduled to convene on Thursday to review the key interest rates for the second time in 2023 amid broad expectations of a surge in interest rates by up to three percent (300 bps).
|
|
Business
-
Economy
3/27/2023 5:51:52 PM
Egypt has recently taken concrete steps towards the investment opportunities it offers for strategic investors or under the government’s initial public offering (IPO) programme, through which 32 state-owned companies are promoted to be tapped.
|
|
Business
-
Economy
3/22/2023 2:08:27 PM
|
|
Business
-
Economy
3/16/2023 12:11:52 PM
Egypt is considering the addition of eight state-owned companies to its 32 companies that will be listed under the government’s initial public offering (IPO) programme or offered for strategic investors, Minister of Finance Mohamed Maait said on Wednesday.
|
|
Business
-
Economy
3/14/2023 3:18:10 PM
Egypt’s President Abdel-Fattah El-Sisi issued decree no. 103 for 2023 on Tuesday, transferring complete ownership of the Misr Insurance Holding Company to the Sovereign Fund of Egypt (TSFE).
|
|
Business
-
Energy
3/13/2023 1:49:19 PM
Shares in the United Arab Emirates' ADNOC Gas rose 19 percent in their first day of trading on Monday in a $2.5 billion initial public offering that aims to tap into growing demand for the fuel.
|
|
Business
-
Economy
3/7/2023 10:09:33 PM
Ayman Soliman, the CEO of The Sovereign Fund of Egypt (TSFE), said Egypt could attract $4 billion from the Cooperation Council for the Arab States of the Gulf (GCC) market after resuming the initial public offering (IPO) programme this year.
|
|
Business
-
Economy
3/1/2023 5:00:22 PM
The European Bank of Reconstruction and Development (EBRD) is projected to invest over $1.4 billion in Egypt, the highest investment the bank has ever made in the country, the EBRD’s Vice President for Banking Alain Pilloux told Ahram Online.
|
|
Business
-
Energy
2/23/2023 12:40:59 PM
State-owned UAE energy firm ADNOC Gas announced a price range on Thursday for an initial public offering it hopes will raise $2 billion, in what would be this year's biggest share flotation so far.
|
|
Business
-
Economy
2/8/2023 1:50:02 PM
Egypt intends to initiate the first stage of the initial public offering (IPO) programme under its new loan agreement with the International Monetary Fund (IMF) in March before the completion of the programme's first review, a source close to the cabinet’s discussions told Ahram Online.
|
|
Business
-
Economy
1/28/2023 4:44:39 PM
Egypt's cabinet is set to announce the country's plans for offering state-owned companies on the Egyptian exchange (EGX) during 2023, Prime Minister Madbouly said on Saturday.
|
|
Al-Ahram Weekly
-
Egypt
8/2/2022 9:07:56 PM
The government intends to pursue its policy of selling stakes in state-owned companies, reports Niveen Wahish
|
|
Business
-
Economy
7/27/2022 6:42:27 PM
Talks between Egypt and the International Monetary Fund (IMF) on an Egyptian request for a new loan have achieved "great progress," and the government is still working to resolve disputed points with the international lender, Minister of Finance Mohamed Maait told Al-Arabiya on Wednesday.
|
|
Business
-
Economy
6/27/2022 5:32:58 PM
Egypt issued the State Ownership Policy Document earlier this month to chart the map of future partnership between the public and private sectors, laying the groundwork for the latter’s greater participation in Egypt’s economic activities.
|