Reporting by Daily News Egypt has highlighted that the Egyptian government is looking to revamp its asset monetization and initial public offerings (IPOs) program, by prioritizing banks and financial institutions for listing on the stock exchange over the next few years.
According to government documents this initiative will also extend to companies in the energy, transportation, and communications sectors which will also be considered for IPOs.
This move is expected to revitalize the market, enhance corporate governance, and contribute to the government’s ambitious non-tax revenue target of $12.45 billion USD for the current fiscal year (FY) 2024/25.
Libya’s eastern-based government in Benghazi, under the control of forces loyal to military leader Khalifa Haftar, has approved a
Hundreds of thousands of Syrians who fled to Egypt during the civil war are now facing growing uncertainty following the
Interpol has issued a Yellow Alert (missing persons notice) for two young Irish boys abducted by their Egyptian father, BBC
Egyptian authorities have arrested two men accused of attempting to steal hundreds of ancient artifacts from the seabed, CNN reports.
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