Ahmed Farahat

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Latest by Ahmed Farahat


Traders work near the exchange bell at Egypt's Stock Exchange (EGX) in Cairo July 3, 2013. Cairo's benchmark dipped 0.3 percent, slipping off a three-week high and extending 2013 losses to 9 percent. Bourse data showed that foreign investors were sellers but Egyptians remained net buyers on hopes a military intervention would put an end to the Islamist president's rule. REUTERS/Mohamed Abd El Ghany (EGYPT - Tags: BUSINESS)

Government resumes offering 25% of Enppi on EGX

The government committee supervising the state IPO programme gave the green light for resuming offering process of the Engineering for Petroleum and Process Industries (Enppi) on the Egyptian Exchange (EGX). Officials responsible for the offering process have resumed their meetings with Enppi’s representatives in the past period, an informed source told Daily News Egypt, adding …

Ahmed Farahat

Floating companies on EGX during Q4 2018: Al Saeed

Minister of Planning, Follow-up, and Administrative Reform Hala Al-Saeed said that the programme of the government IPOs is due to begin in the last quarter of 2018. Al-Saeed said in a press statement on the sidelines of the Egypt Government Excellence Conference held in cooperation with the United Arab Emirates, that there is no delay …

Ahmed Farahat