Her military funeral service was attended by President Abdel Fattah El-Sisi and dozens of governmental officials. All that and more in the news well, below.īut before we get to it, we open the issue with more sombre news…įormer Egyptian first lady Jehan El Sadat passed away at the age of 88 last Friday, an Ittihadiya statement announced at the weekend. This coincided with the biggest non-story of the weekend, which saw a lot of talk and equal amounts of hand-sitting at the UN Security Council’s chamber in New York, leaving the way forward through the GERD crisis as uncertain as ever. The biggest news over the weekend came to us courtesy of Moscow, which finally announced that it had lifted its ban on direct flights to Egypt’s Red Sea resorts after six long years (though we’re still none the wiser about when airlines will have their routes up and running).
Though we’re expecting the vacation to run through Thursday, the government, banks, and the EGX are yet to announce the official days off. Rumors circulated that Didi was planning to delist and go private but the company released a statement stating that was false.Good morning, ladies and gents - we start the new week with the official news that Eid El Adha will begin next Tuesday, 20 July after Dar Al Iftaa yesterday evening came out with a statement confirming the news. Ridehail platform Didi went public on June 30 on the New York Stock Exchange and days later was subjected to intense scrutiny and an onsite cybersecurity review by seven Chinese regulatory agencies.ĭidi’s $4.4 billion IPO debuted as the biggest stock sale by a Chinese company since Alibaba’s 2014 listing. Read more: Chinese Startups LinkDoc And Keep Suspend US IPO Plans
Sources didi chinabased ximalaya linkdoc ipotimes full#
Other Chinese firms like the truck-hailing app Full Truck Alliance and online recruiter Boss Zhipin have plans in the works for New York IPOs and are now being subjected to deepening scrutiny by regulators. In addition, at least five Chinese companies pulled IPO plans in China in the past few months. listing plans last month, as did podcast platform Ximalaya, medical data firm LinkDoc Technology and digital fitness platform Keep. The upcoming rules and the changing regulatory climate surrounding technology companies in China have caused a number of Chinese tech giants to pull planned IPOs in the U.S.
See also: Chinese Watchdogs Tighten Tech Grip With New SAMR Rules The country is also developing a cross-ministry council that would be tasked with granting official approval for public listings in foreign markets, the sources said. The officials reportedly said firms that don’t collect sensitive data, such as pharmaceutical companies, will probably be green-lighted by regulators to move forward with public listings abroad, according to the sources.Ĭhina is in the midst of hammering out a set of new mandates that would essentially prohibit firms that collect and store reams of data from filing for U.S.
Related: Parade Of Chinese US IPOs Turns Into A Deluge Of Delays The proposed regulations are still undergoing final review and the CSRC anticipates being able to implement the new laws near the fourth quarter, and until then, asked some firms to sit tight, the sources said. and other countries on the back burner, the sources said. The China Securities Regulatory Commission (CSRC) reportedly asked firms that collect a high volume of sensitive information to put plans for initial public offerings (IPOs) in the U.S. The main securities regulator in China is planning to bar some technology firms in the country from listing on public markets overseas, sources told The Wall Street Journal in a report on Friday (Aug.
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