ijra — Live news map of the Middle East, Sudan and Pakistan

Egypt raises over $650 mn in IPO of state-owned bank

Egypt ·

The offering of Banque du Caire, a state-owned bank, is described as one of the largest of its kind in recent years, and the funds were raised on Monday.

Egypt has been selling stakes in state-owned companies to attract private and foreign investment and to reduce the state's direct role in the economy.

Latest stories on the map (last 6 hours)

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    Strait of Hormuz, Iran · · Security · Confirmed · 40 sources

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    Dubai, United Arab Emirates · · Economy · Claim · 1 source

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  8. Lebanese ministerial delegation in Syria... Tarek Mitri to An-Nahar: the visit is a follow-up to talks and the displaced file tops the agenda

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  36. United Arab Emirates says military solutions offer no quick off-ramps to crisis with Iran

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