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The jury is out on the tax + fee incentives on the EGX
Market watchers have welcomed a basket of EGX-centric tax incentivesand fee cuts unveiled last week, but they want specifics —…
THIS MORNING: Bank board shake-up; unvaccinated civil servants will need a weekly PCR test to enter the workplace from today; Ditto for uni students on campus; new auto consumer regs in effect today.
Good morning, wonderful people, and happy Monday. We have an absolutely stacked issue this morning, starting with a deep dive…
Earnings season is in full swing
Abu Qir Fertilizers reported an 88% y-o-y increase in its bottom line to EGP 1.3 bn in 1Q2021-2022, according to…
TONIGHT: Earnings season lands with a thud + travelers still need a hard copy of their QR passport + EAMCO signs new agreement for EV component production
It isn’t an altogether slow Sunday, ladies and gentlemen, but it is looking kind of dry when compared to last…
Market roundup on 11 November
The EGX30 rose 0.8% at today’s close on turnover of EGP 894.7 mn (39.9% below the 90-day average). Foreign investors…
TONIGHT: Traders give thumbs up to new EGX tax cuts + El Sisi in Paris for Libya conference + our EV assembly plans with Dongfeng just hit a wall
We’ve come to the end of one busy week, ladies and gentlemen, where a number of major M&As, potential IPOs,…
Cabinet announces basket of measures to make EGX more attractive to investors, companies
Trading on the EGX is about to get more affordable: The Madbouly government hasannounced a package of EGX tax cuts…
Abu Dhabi Ports could invest USD 500 mn in Egypt
Abu Dhabi Ports (ADP) plans to invest USD 500 mn in Egypt, should it be successful in winning the contracts…
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