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Qalaa sells 80pc stake in investment bankEgypt's Qalaa Holdings, formerly Citadel Capital, has signed a deal to sell its 80 per cent stake in investment bank Pharos, Qalaa said in a statement on Tuesday. Qalaa, one of Egypt's largest investment companies, has som More… |
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Pharos Research cuts Ezz Steel fair valuePharos Research cut its fair value on Al Ezz Steel Rebars to EGP17.3 from EGP18 to reflect the company's performance in the first half of the year. Last week, Ezz Steel, Egypt's largest steel producer, said its 2009 first-half net profit t More… |
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Pharos launches first equity fundPharos Asset Management, the youngest of Pharos Holding for Financial Investments' subsidiaries, has launched its first Egypt-centric, equity fund; Pharos Fund I. This comes following recent changes in Capital Market Authority (CMA) regula More… |
