Industry
Egyptian Real Estate Investors Hedge Against Inflation
Top real estate investors listed on the EGX show slight gains as demand increase as a hedge against the upcoming inflation due to currency devaluation.
Advent International Opens China Office
Private equity firm, Advent International, has opened an office in China, just like other big private equity firms The Carlyle Group CVC and Bain Capital.
Billabong and Sycamore in Exclusive Takeover Talks
Australian surfwear firm Billabong announced that it has entered into a 10-day exclusive takeover talks with its former head Paul Naude and private equity firm Sycamore Partners.
SEC Adopts New Rules on Identity Theft
The U.S. Securities and Exchange Commission has adopted new rules that require stock brokerages, mutual funds and investment advisers to establish programs to help detect identity theft.