Graviton Capital looks into investing in new energy projects in Egypt
The firm allocates $15m-$20m per investment, but investment will only take place when a clear monetary policy is in place amid fluctuations between the dollar and Egyptian pound
Mohamed Ahmed
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Latest by Mohamed Ahmed
SVI addresses IFC, EBRD, NBE to contribute to venture capital fund
The Ministry of Communications expressed its support for the company’s initiative to launch a fund to invest in start-ups in Egypt, according to Amin
Does Domty’s IPO attract new investment institutions to raise trading volumes in the Egyptian Stock Exchange?
A number of questions were raised by the capital market about how Domty’s IPO will attract new institutional investors and increase the low trading volume, which reached an average of EGP 400m in one session.
341 ships transited Suez Canal with total load of 18.88m tonnes last week
341 ships transited Suez Canal with total load of 18.88m tonnes last week
AMIC establishes subsidiary Company to produce renewable energy
United Company has been founded with EGP 8m capital holdings, 70% of which AMIC has contributed
EGX to participate in first international conference on Islamic banking and finance in Saudi Arabia
The conference will be attended by the vice president of the World Bank’s Middle East and North Africa office
SMPP to start operating Motaheda Carton Factory in September with 130,000 tonne capacity
Company loaned EGP142m from AAIB. Total loans to finance factory’s construction amount to EGP 284m, out of EGP460m total investments
Emirates NBD grants Global Lease EGP 50m loan
Loan to increase company’s total investment obtained from debt to EGP 750m, and will be used to finance leasing activities
298 ships traverse Suez Canal in 1 week
The ships had a cumulative cargo load of 18.4m tonnes
Hermes promotes IPO of Domty in US, UK, South Africa, Gulf markets
EFG Hermes One-on-One Conference, research sector begins initial promotion among international financial institutions
LE 1.2bn estimated value of Domty IPO: Sources
Arabian Food Industries Company Domty announced today the offering of up to 122,500,000 existing ordinary shares representing 49% of the company’s outstanding share capital listed on the Egyptian Exchange (EGX) currently owned by the selling shareholders.
Foreign investors retreat from EGX selling EGP 744.5m in stocks
Foreign investors have sold EGP 744.54m in shares since the beginning of 2016
Anticipated revival of charity funds to finance social development purposes
Investment experts and asset managers expect market to see demand from investment and charity institutions upon launch of charity funds to benefit from growing donations in Egypt
EFSA holds auction to rent out one of its buildings in Smart Village
EFSA received the new administrative headquarters in Smart Village in 2015 with an investment cost of EGP 300m after it took approximately five years to be built.
Profit repatriation impedes acquisition deals in local market
CBE failed to resolve repatriation problems, which hindered flow of foreign direct investment, say Experts
314 ships transited Suez Canal last week, with loads of 19m tonnes
About 45 ships transited the canal per day on average during the past week with an average load of 2.7m tonnes per day
SCZone receives new request to allocate 5 sqkm to industrial development system in Ain Sokhna
We study financing mechanisms of infrastructure projects in East Port Said, bonds are suggested as alternative, says Darwish
Suez Canal Authority receives offers to build 4 new locomotives at €40m
The winning offer will be decided by the first half of this year, the sources said, to ensure fast implementation and delivery
SCA to complete $25m project to develop waterway monitoring, security
Sources at the SCA said the project costs up to $25m and consists of two main parts.
Suez Canal implements plan to increase revenues, face international trade growth slowdown
Chairman of Suez Canal Authority expects negative impacts of Chinese and Eurozone’s economic slowdown to ebb away before Q4 of 2016
Future of Suez Canal revenues hostage to international currencies struggle
Growth of cargo on container ships, despite drop in their numbers, signals trend of shipping companies to rely on larger vessels
EGX not expected to play major role during initial phase of Suez Canal projects
The stock exchange is viewed as a secondary instrument rather than the main source for financing national projects, capital market experts say
273 ships cross Suez Canal with 14.86m tonnes cargo within six days
The average number of ships that traversed the canal per day was 45.5, with an average cargo of 2.48m tonnes
Ministry of Investment cancels EGP 10,000 fee for depositing securities at MCDR
Decision eases way for SMEs to register in the central depository system, says MCDR Managing Director
Financial Services Institute to bring financial leasing companies in accord with new legislation
The training programme aims to help companies manage risks and to ensure credit stays apace of activities
Al Thamarat Association plans to establish charity investment fund
Mubasher Trade is candidate to manage fund for free, EFSA requires involvement of financial institutions in foundation by at least 2%
GB Ghabbour Auto to start manufacturing components of tuk-tuks, motorcycles locally
It plans to begin construction of its new factory in March or April
310 ships transited Suez Canal during last week, total load of 18.53m tonnes
The average load per ship was 59,800 tonnes whereas the week before the average was 57,000 tonnes
Slump hits trading on corporate bonds on stock market
Experts attribute zero trading to companies’ reluctance to issue new bonds, depreciation of pound, and public banks issuing investment certificates with a yield of 12.5%
Hegazy & Associates helps Egyptian investors establish offshore direct investment funds
First fund has capital of $25m, specialising in investment in SMEs; second has capital of $15m and will invest in real estate