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Unemployment numbers are down + Gov’t in talks to potentially sell down stake in Eastern Company
Good morning, friends, and happy FRIDAY to all of you, whether you’re in Sahel or in Cairo. We wish you…
Global stocks lose almost USD 3 tn in August on China fears, rising US rates
MSCI benchmark of global stocks on course for its worst month since September
EGX approves Al Ezz Dekheila delisting. PLUS: News on corn, East Port Said, Microsoft
Al Ezz Dekheila Steel plans to buy back the government’s 31% stake and delist from the exchange
GV Investments’ huge industrial project in Giza just got approved
The investment zone will include industrial, logistics, financial and business centers, and other amenities
Gulf capital is backing the USD 5 bn redevelopment of Mubarak-era HQ
Nilus to build a hotel and a garage where the NDP HQ once stood
Gov’t to sell up to 15% stake in Eastern after receiving interest from multiple investors
Eastern is willing to sell down just under a third of its 51% stake
Apache to invest USD 1.4 bn in Egypt in 2024. PLUS: Cairo International Airport Terminal 4, another GASC wheat tender + new solar tender
The US oil company is interested in exploring for gas in the Eastern Mediterranean
Due diligence on United Bank hasn’t started yet, says CBE
Due diligence will begin by the end of September, central bank says
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