July 15, 2010

Egypt

Citadel Capital announces cement deals in Sudan and Egypt

Leading African private equity house Citadel Capital has this week announced 2 cement deals. Citadel was recently named “African Business of the Year” at a gala awards ceremony organized by “African Business” magazine. It is based in Cairo and listed on the Egyptian Stock Exchange (ticker CCAP.CA).

Exchange news

NASDAQ Dubai outsources equities trading and settlement to Dubai Financial Markets

From when trading started at 10am last Sunday, 11 July, NASDAQ Dubai is routing listed equities trades through the trading platform of Dubai Financial Market. NASDAQ Dubai is one of the leading exchanges contesting the crown of financial centre of the Middle East and North Africa, and also has potential for channeling investments into African countries.