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News

GLC Paints launches GLC Color Piazza to transform Egypt to ME’s Capital of Color

GLC Paints aims to expand production as well as investing in innovation and creativity in the world of fashion and color trends for structural paints as part of its plan to transform Egypt into the ME’s capital of color

Fawry considers US listing and raising EGP 800M for expansion

In a filling to the Egyptian Exchange (EGX), Fawry stated that the proceeds will be used to fund the expansions of its financial services for both consumers and merchants

Egyptian Cabinet approves starting procedures for int. sukuk issuances

Finance Minister Maait added that work on the executive regulations of the law will be completed within three months

Egypt’s first ever SPAC could happen in February | FRA Head

“At the end of this month or early next month, we will have the first blank check company [SPAC],” announced Financial Regulatory Authority (FRA) head Mohamed Omran

Egypt’s capital market indicators saw significant growth in 2021 | FRA Head

On the sideline of the annual FRA conference, Omran explained that the value of securities issuances (stocks, bonds and sukuk) rose to EGP 280.3 billion during 2021