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Earnings watch: Maridive Oil and Services, Arab Dairy
EARNINGS WATCH- Maridive Oil and Services narrowed its losses to USD 78.07 mn in FY2021, down from USD 143.26 mn…
THIS EVENING: EGX continues rising + Our first Samurai bond issuance is back in play + Egypt revises downwards FY2022-2023 GDP growth rate
Happy hump days, ladies and gentlemen. The news cycle here at home calmed down somewhat from where it was yesterday,…
The float of the EGP, interest rate hike and expansion of the social safety net dominated the airwaves last night
Egypt’s airwaves were dominated by yesterday’s policy blitz (if you don’t know what we’re talking about here get out from…
THIS MORNING: More measures to support the EGX coming today + Ukraine war is putting pressure on emerging debt
Good morning, wonderful people, and welcome to a new reality. We’ve been saying for some weeks now that the Madbouly…
Intro Group to invest EGP 1 bn in waste management this year
Intro Group subsidiary Intro Sustainable Resources (IRS) is looking to invest some EGP 1 bn in waste recycling this year,…
Orascom Development’s net income drops 52.9% y-o-y in 4Q2021
EARNINGS WATCH- Orascom Development Egypt’s net income dropped 52.9% y-o-y in 4Q2021 to record EGP 100.70 mn, according to the…
Market roundup on 17 March 2022
The EGX30 rose 0.2% at today’s close on turnover of EGP 1.4 bn (34% above the 90-day average). Foreign investors…
OFH incurs net loss of EGP 102.1 mn in first 13 months
EARNINGS WATCH- Orascom Financial Holding’s (OFH) incurred a net loss of EGP 102.1 mn in the 13-month period since its…
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