EARNINGS WATCH- Misr Fertilizers Production Company's (Mopco) consolidated net income after tax rose 51% y-o-y to EGP 7.3 bn in 2022, according to an EGXdisclosure(pdf). Revenues recorded EGP 18.9 bn, up 84% y-o-y. MARKET ROUNDUP- The EGX30 fell 4.2% at today’s close on turnover of EGP 1.91 bn (7.6% below the 90-day average). Local investors […]
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MARCH 8-18 March (Wednesday-Saturday): Cirque du Soleil’s OVO, Cairo international Stadium Hall. 14-17 March (Tuesday-Friday): TISSOT UCI Track Nations Cup, Cairo International Stadium. 15 March (Wednesday): Season 3 of Ted Lasso will be out on Apple TV. 17-18 March (Friday-Saturday): K-Festival at EGYcon X, Family Park, New Cairo. 17-18 March (Friday-Saturday): My Beloved, Rawabet Art […]
THIS MORNING: Global bank sell-off sends EGX 30 to a nine-week low
Some USD 465 bn has been wiped from global financial stocks since last week
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Hassan Allam Utilities, Agility to build logistics parks in Egypt
The companies have two parks in the works
ADQ reportedly in early stage talks for a stake in Delta Sugar
Delta says it hasn’t received any offers
One step closer to the new futures exchange
The futures exchange could launch by 4Q 2022
Gov’t leaves natgas prices for electricity plants unchanged
The price will remain USD 3 / mmBtu
Egypt + Greece are choosing who will do the feasibility study for the EuroAfrica electricity link
More than 10 energy consulting firms are in the running