sogefi

Egypt postpones IPO for state-run Banque du Caire over covid-19

Egypt has postponed sine die the Initial Public Offering (IPO) to sell minority shares state-run Banque du Caire (BQDC.CA) due to spread of covid-19 contamination, reports say. The operation slated for mid-April on the Egyptian Stock Exchange aimed at selling the shares for about $500 million. The Bank Chairman Tarek Fayed, Reuters notes, told a […]

Palestine-Greece: Abbas to receive Greek parliament support

Greek Parliament is expected Monday to recognise the Palestinian statehood in a vote said to be attended by Palestinian leader on a two-day state visit, reports say. Mahmoud Abbas arrived in the Greek capital on Sunday and will meet with Greek President Prokopis Pavlopoulos and Prime Minister Alexis Tsipras on Monday and is expected to […]

DRC defies growing international pressure for ‘inclusive dialogue’ with M23 rebels

The Democratic Republic of Congo (DRC) is standing firm against mounting international pressure to hold direct talks with the M23 rebel group, despite the group’s significant territorial gains in the eastern part of the country. Since January, the M23, which is accused of receiving support from neighboring Rwanda, has captured key cities like Goma and […]