“The market corrects itself by itself”—a repeated argument between traders in the Egyptian Exchange (EGX) which is experiencing a difficult time. The EGX has already responded to the correction movement after the Egyptian pound’s flotation and registered new high records approaching 13,000 points. But this time, the recovery of the EGX is accompanied by exceptional economic challenges that create difficulties for IPOs in 2017. Executive managers at securities brokerage firms specified four major challenges facing the anticipated boom in the activity of IPOs during 2017. This brings acquisitions and mergers as an alternative to IPOs on the EGX to provide funding and face challenges of high costs.

Source: Daily News Egypt January 21, 2017 19:28 UTC