Fintech unicorn MNT-Halan weighs EGX debut for its local arm
· Egyptian market news
Good morning, everyone.
The China tariff policy story isn’t new, but the clock is ticking.
And on the luxury end of the spectrum:
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MNT-Halan is weighing an IPO of its Egyptian business on the EGX as early as this year Bloomberg
IN CONTEXT- recent funding round led by Al Ahly Capital Holding UAE-based Chimera’s USD 200 mn
Why it matters: last year EGP 11.21 per share
Three down, seven to go
Enppi has filed for a temporary main market listing EGX filing USD 355 mn turnkey contract
This isn’t Enppi’s first crack at an IPO: a 24% stake the management mandate
IN CONTEXT- Three down, seven to go — and June is almost over: earlier this month Egyptian Linear Alkyl Benzene Company
REMEMBER- registered and assigned a ticker
Pensions go up next month
Pensions are s et to increase by 15% effective 1 July per a presidential decree Al Arabiya previously telling us
It’s also warm in Alexandria
And over the weekend
The big story abroad
Oil dips as ship s leave Hormuz: dragging Brent crude futures down
Speaking of the war: asked
Micron earnings ease fears of chip-wreck: Extraordinary earnings
Another chip player is making moves: looking to raise USD 29 bn
BTC’s bad year gets worse: drop below USD 60k
A dry, hot European summer: as much as 18 °C
Tremor looms over Caracas: magnitude 7.2 earthquake