Weekly Rundown of Top 10 Trending Headlines
Updated 9/27/2024 9:00:00 AMArab Finance: The fourth week of September has been packed with newsworthy events, topped by the CBE announcing its decision to float shares of The United Bank on EGX.
So, take a look at the most interesting news stories that have been covered from September 22nd to 26th.
The Central Bank of Egypt (CBE) has decided to list a portion of the United Bank's shares on the Egyptian Exchange (EGX).
Egypt is gearing up to re-enter the international debt market for the first time since late 2021, via the sale of around $3 billion in Eurobonds within the current fiscal year (FY) 2024/2025.
Egyptian Minister of Investments and Foreign Trade Hassan El-Khatib has met with representatives of international banks to probe boosting investments in Egypt.
Egypt’s Minister of Investment and Foreign Trade Hassan El-Khatib met with the Head of the European Union (EU) Delegation to Egypt Christian Berger to explore opportunities for strengthening economic ties.
Egypt aims to achieve foreign direct investments exceeding $20 billion and an export volume of more than $140 billion by 2030.
Egypt is close to finalizing the sale of its remaining stake in ALEXBANK to Italy's Intesa Sanpaolo SpA, marking the first significant state asset sale since the Egyptian pound was devalued in March.
Egypt is welcoming foreign investors to establish companies using their home currencies, including the Chinese yuan, as part of efforts to attract Chinese companies to the Egyptian market.
The Financial Regulatory Authority (FRA) has approved the establishment of Catalyst Partners, Egypt’s first special purpose acquisition (SPAC) venture capital company, with an initial capital of EGP 10 million.
The Ministry of Planning, Economic Development, and International Cooperation has mulled with CI Capital Holding ways to foster cooperation and attract investors from across the region.
The Egyptian Natural Gas Holding Company (EGAS) has signed 11 new agreements worth at least $925 million with international companies for natural gas exploration, research, and production during the fiscal year (FY) 2023/2024.
