The Egyptian Exchange’s (EGX) indices closed on the green zone on Thursday, with market capitalization reaching EGP 1.098 trillion.

Egypt intends to initiate the first stage of the initial public offering (IPO) programme under its new loan agreement with the International Monetary Fund (IMF) in March before the completion of the programme's first review, a source close to the cabinet’s discussions told Ahram Online.

The Egyptian Exchange’s (EGX) indices closed lower on Thursday, with market capitalization reaching EGP 1.044 trillion.

Commercial International Bank Egypt (CIB) (COMI) has obtained the approvals of the Central Bank of Egypt (CBE) and the Central Bank of Kenya (CBK) to acquire the remaining 49% of Mayfair CIB for $40 million, according to a bourse filing on January 29th.