Fatma Salah

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Latest by Fatma Salah


EGX conducts semi-annual review of stock market indices

EGX conducts semi-annual review of stock market indices

The EGX management conducts two reviews every year of the stock indices, the first of which ends in January, and is scheduled to start working on the first of February, and the second review ends at the end of July and is implemented in the beginning of August.

Fatma Salah

Alexandria Medical Services seeks to acquire Rakoda Hospital

Alexandria Medical Services seeks to acquire Rakoda Hospital

The Tawasoll Holdings and Lime Vest Partners alliance acquired 70.17% of the total shares of Alexandria Medical Services after buying the share of Abu Dhabi Commercial Bank (the main shareholder) accounting for about 45% of the company’s total shares. The alliance already owned a share of about 26%.

Fatma Salah

CI Asset Management expects investors to return to emerging markets in 2023

CI Asset Management expects investors to return to emerging markets in 2023

The note added that the war between Russia and Ukraine is an unfortunate development, particularly for those directly affected by the violence, and has had far-reaching effects on people’s cost of living across the globe in both rich countries and in more vulnerable emerging economies. Largely because of the abundance of natural resources in both countries directly involved in the armed conflict, annualized inflation has risen to 9.8% globally compared to 5.7% at the end of last year and a five-year average rate of 4.6%.

Fatma Salah

Vortex Energy injects second investment tranche of €46m in Ignis

Vortex Energy injects second investment tranche of €46m in Ignis

Sources told Daily News Egypt that Vortex Energy will invest up to €476m through its newly launched Vortex Energy IV Fund and its co-investors into Ignis via a series of capital injections, which will be deployed over the coming few years subject to certain conditions. This will allow Ignis to fund its growth plans and transform into a fully integrated renewable independent power producer (IPP) in Spain and other geographies.

Fatma Salah