Top 10 Trending Headlines to Go Through This Weekend
Updated 11/1/2024 9:00:00 AMArab Finance: The fifth week of October has been packed with newsworthy events, topped by the International Monetary Fund's (IMF) upcoming visit to Egypt and the anticipated launch of a new index in the Egyptian Exchange (EGX) that merges sustainability and Islamic Sharia principles.
So, take a look at the most viral news stories that have been covered from October 27th to 31st.
1-IMF’s Georgieva visits Egypt next week
Managing Director of the International Monetary Fund (IMF) Kristalina Georgieva will visit Egypt next week.
2-EGX eyes new index, capital hikes to boost market liquidity
The Egyptian Exchange (EGX) is considering launching a new index that merges sustainability and Islamic Sharia principles, along with efforts to raise capital of listed companies valued below EGP 100 million within a year.
3-Cabinet nods to establishment of Energy Planning Unit
The cabinet has approved a draft resolution on the establishment of a permanent unit called the Energy Planning Unit.
4-Egypt's economic recovery set to revitalize oil sector: Eni CFO
Eni’s Chief Financial Officer (CFO) Francesco Gattei expressed optimism about Egypt’s improving macroeconomic landscape, signaling a bright future for the country’s oil sector.
5-Egypt, DP World ink MoU to develop public free zone
The Administrative Capital for Urban Development (ACUD), the General Authority for Investment and Free Zones (GAFI), and the UAE-based DP World have signed a memorandum of understanding (MoU) to study the possibility of developing a public free zone.
6-El-Khatib lays foundation stone of Japanese Otsuka’s factory in 10th of Ramadan City
The Minister of Investment and Foreign Trade Hassan El-Khatib has laid the foundation stone of the Japanese Otsuka Group’s factory for nutritional supplements in the 10th of Ramadan City.
7-Deloitte Innovation Hub opens in Egypt
The Minister of Communications and Information technology Amr Talaat has inaugurated Deloitte Innovation Hub in Cairo to offer innovated technological services in the country.
8-FRA licenses Standard Chartered to operate as custodian bank
The Financial Regulatory Authority (FRA) has granted Standard Chartered a license to operate as a custodian bank.
9-United Bank to offer 30% stake on EGX in Q4
The United Bank has announced plans to offer 30% of its shares, approximately 330 million, in a secondary offering on the Egyptian Exchange (EGX).
10-AngloGold to acquire Centamin in November
Centamin Plc and NYSE-listed miner AngloGold Ashanti have approved the terms of a recommended acquisition of Centamin.
