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.
Egypt and Russia have concluded their joint naval exercise, Bridge of Friendship, held over several days in the Mediterranean, according
In a phone call on Saturday, President Abdel-Fattah El-Sisi and Jordan’s King Abdullah II discussed the current situation in
Egypt’s revenue from the Suez Canal fell by almost two thirds last year, according to officials earlier this week,
During a recent official visit to Seoul, Morocco’s Minister of Industry and Trade, Ryad Mezzour met with key South
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