}

EGX halts trading on October 8 for Armed Forces Day

The Egyptian Exchange (EGX) will suspend trading on Thursday, October 8, in celebration of Armed Forces Day and the anniversary of the 6th of October War victory, according to a statement.

Al Ahly Pharos, CI Capital complete EGP 4B securitization issuances for MNT-Halan

Al Ahly Pharos and CI Capital completed three securitization issuances with a combined value exceeding EGP 4 billion in a single day for subsidiaries of MNT-Halan’s subsidiaries Halan Consumer Finance and Tasaheel for Finance.

Elaraby Group, Malben Engineering pen JV agreement to manufacture automotive components in Africa

Egypt-based industrial conglomerate Elaraby Group has signed a joint venture agreement with South Africa-based automotive components manufacturer Malben Engineering to develop a shared production base serving Egyptian and African markets, as per a statement.

What will be the biggest catalyst for attracting institutional investors to Egypt’s IPO program on the EGX?