Egyptian financial service company Premiere Holding aims to open a representative office in Dubai, as part of a plan to open more in the Gulf in the coming period.
"Before the end of this year, Premiere will open its first Gulf representative office (...)
Egyptian investment bank HC Securities and Investment is in talks to advise on two initial public offerings (IPOs) on the local stock market.
The two firms are operating in the pharmaceutical and packaging sectors, Mahmoud Selim, head of HC's (...)
Egypt's Ayady Company for Investment and Development says it has launched a new firm, namely Creative Media Ventures, with issued capital of 250 million Egyptian pounds ($14.1 million).
Osama Saleh, Ayady's chairman, said Creative Media Ventures (...)
Cairo-based Minapharm Pharmaceuticals on Monday announced plans to inaugurate two plants in Germany and Egypt by late 2018 and early 2020, respectively. The two plants aim to manufacture genetic engineering drugs.
The two plants are estimated to (...)
The total value of initial public offerings on Egypt's stock market reached 4 billion Egyptian pounds ($226 million) during 2017, achieved through offering six companies, chairman Mohamed Farid said Tuesday.
The IPOs growth has been achieved through (...)
Egypt expects an initial public offering of state-owned oil company ENPPI during the first half of the current year, stock exchange chairman Mohamed Farid said at a conference on Tuesday.
Egypt plans to embark on its first sale of shares in a (...)
Egypt's investment bank Pharos Holding says it is advising on two acquisitions valued at 2 billion Egyptian pounds ($113 million), through the first half of the current year.
"The company seeks to complete the two acquisition deals within the first (...)
Egypt's investment bank Beltone Financial Holding plans to advise on a new initial public offering in the first quarter of 2018, its head of investment banking division, said Thursday.
The IPO is in the agricultural sector, with a capital worth more (...)
Spain- based Mediterrania Capital Partners, the private equity firm focused on growth investments seeks to invest Mediterrania Capital III LP fund in eight to 12 investments, Albert Alsina, Founder and CEO said.
In addition, the company has (...)
HC Securities & Investment, the leading investment bank in the Middle East and North Africa, aims to increase the volume of its Assets under management (AUM) by 20 percent during 2018 according to its Deputy CEO, Mohamed Metwally.
Metwally told (...)
The Nigerian Stock Exchange is getting to be green, by starting trading environmentally friendly securities next month, said technical assistant to Nigeria's environment minister on Tuesday.
The so-called green bonds, will be used to finance (...)
Economic growth in Africa is seen to more than triple by 2050, said Egyptian stock exchange chairman Mohamed Farid on Monday.
These promising growth rates will strongly support the African money markets in return, Farid told the 21st Annual Meeting (...)
Mohamed Omran, former chairman of the Egyptian stock exchange, was named 2017 Person of the Year on Monday by the African Securities Exchanges Association (ASEA).
After completing his tenure as the EGX chairman in August, Egyptian government has (...)
Foreign direct investment (FDI) into Africa will reach $60 billion by the end of 2017, said Egyptian Minister of Investment Sahar Nasr on Monday.
"Africa's economy will improve through focusing on real reforms in the investment climate through (...)
Egyptian bourse has signed Monday a memorandum of understanding with Zambia's Lusaka Stock Exchange, aiming to bolster bilateral cooperation.
Egyptian Minister of Investment and International Cooperation Sahar Nasr has witnessed the signing, which (...)
The World Bank has issued over $12 billion worth of green bonds in Africa so far, said Mahmoud Mohieldin, Vice President for the 2030 Development Agenda, on Monday.
The bonds are designated to finance environmentally friendly projects in the (...)
Egypt's EFG Hermes is advising on three new acquisitions through 2018, Mostafa Gad, co-head of EFG Hermes' investment banking division, told Amwal Al Ghad on Tuesday.
The acquisitions are in the consumer goods sector, Gad said. One of the deals will (...)
Egypt's EFG Hermes says it plans to advise on two initial public offerings (IPOs) through 2018, Mostafa Gad, co-head of EFG Hermes' investment banking division, said Tuesday.
The IPOs are set for completion in the first half of 2018, and are in the (...)
Egypt's Arab African Investment Management (AAIM), part of the Arab African International Bank (AAIB), reported a strong surge in its assets under management this year.
The AUMs reached 4.5 billion Egyptian pounds ($255 million), around 50 percent (...)
Egyptian investment bank, HC Securities and Investment says it plans to increase its total assets under management by 20 percent before the end of the first half of 2018.
Backed by Egyptian government's ongoing economic reforms and investors' (...)
Egypt-based investment bank, Acumen Holding says it plans to double its assets under management to 2.2 billion Egyptian pounds ($124.7 million) at the end of the current year.
Acumen's AUMs are currently worth 1.5 billion pounds, chairperson Rana (...)
Egypt's Central Securities Depository House (MCDR) says it hopes to complete listing of its sports arm El-Makasa Sport on the country's SME bourse, NILEX within two years.
The listing will finance El-Makasa Sport's expansion plans, MCDR chairman (...)
Egyptian investment bank FEP Capital said it is lining up share floatations for three or four firms on the country's SME bourse, NILEX by next year.
Two of the firms scheduled for next year's NILEX listing are operating in the Egyptian industrial (...)
Egypt's stock market posted a first half budget surplus worth more than 600 million Egyptian pounds ($33.5 million), confounding market challenges for a deficit, bourse chairman said Sunday.
This is the highest surplus the Egyptian bourse has ever (...)
Egyptian investment bank FEP Capital says Union Pharmacist Company for Medical Services and Investment (UPMS) will start listing on the country's SME bourse, known as NILEX next Wednesday.
FEP Capital, part of regional First Equity Partners (FEP), (...)