18:05
cairo, gmt + 2
17 January
Monday, 2022
Mon, 17 Jan 2022 - 03:32 GMT
The Egyptian Stock Exchange's listing committee had agreed at the end of last December to list the shares of Nahr Al-Khair Company, with an issued capital of LE 200 million, divided into two billion shares, with a nominal value of 10 piasters per share.
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The report highlighted the Ministry’s country-led multi-stakeholder engagement framework and delves into four main areas of work that envisage an inclusive, green and digital future, according to the Ministry.
Egyptian Minister of Petroleum Tariq el-Molla revealed that the country is planning to establish some industrial cities in the Eastern Desert and Sinai in order to achieve added value to the mineral resources, during the International Mining Conference in Saudi Arabia.
Brought to the real estate market by Tatweer Misr, IL Monte Galala easily checks off all the company’s guiding principles.
2021 witnessed the first issuance of green bonds in the capital market in Egypt by a company with a value of $100 million (equivalent to LE 1.6 billion), in cooperation with the International Finance Corporation to support the transformation of the Egyptian economy into a green economy.
Madbouly added, in a TV interview, that these companies affiliated with the armed forces are being restructured in preparation for being offered on the Egyptian Stock Exchange.
This comes within the plans to issue various medium and long-term government bonds, which target new instruments such as sukuk, sustainable development bonds, and green bonds; this contributes to expanding the investor base and attracting additional liquidity to the government stock market, in a way that helps reduce the cost of debt.
Madbouly added, in a TV interview, that the debt ratio was 108 percent four years ago, then it decreased to 87 percent before the coronavirus crisis, to reach 91 percent currently.
The EUA follows the recent procurement agreement for Evusheld signed in December 2021 by AstraZeneca and the Egyptian Authority for Unified Procurement, Medical Supply, and Technology Management for the Ministry of Health and Population (MOHP). The first doses of Evusheld are expected to become available in Egypt in the coming weeks.
The conference comes under the patronage of Prime Minister Mostafa Madbouly, and in cooperation with the Egyptian Businessmen Association and Sohag Governorate.
Mahmoud Al-Ammari, director of the Qena Branch of the MSMEDA stated that the initiative in Qena targets 5 centers, which are "Dashna, Al-Waqf, Farshout, Qus, and Abu Tshat".
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