Egypt bourse hit by emerging market storm, sees new IPOs in 2016 | Reuters:
"Egypt's stock exchange was hit by this year's rout in emerging markets, leading firms to postpone share offerings and liquidity to dry up, but parliamentary elections should help restore investor confidence in 2016, chairman Mohamed Omran said.
Interviewed at the Reuters Middle East Investment Summit, Omran said about a dozen companies had registered a new listing on the Egyptian market in 2015, but only half of these had proceeded with an initial share issue.
The others received permission to delay their IPOs, which are usually expected to be launched within six months of listing. Most hope to offer their shares in the first half of 2016, once liquidity and prices recover, Omran said."
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