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What the markets are doing on 15 February 2021
The SPAC bandwagon rolls on: VC firm Khosla Ventures filed plans on Friday to raise a combined USD 1.2 bn…
Score one for EVs in Egypt
EV assembly in Egypt could begin as early as July: State-owned El Nasr Automotive plans to begin assembling electric vehicles…
Cabinet approves natgas vehicle switch incentives
Vehicle owners are one step closer to getting financial incentives to swap out their old cars to new ones running…
A busy day in the House
The House of Representatives was busy yesterday pushing through new bills, granting final and committee-level nods to others and signing…
One step closer to our first sovereign sukuk sale
The House of Representatives’ Economic Committee finalized today its amendments to the Sovereign Sukuk Act, which sets the framework by…
What the markets are doing on 9 February 2021
Is the oil market in a “post-vaccine euphoria”? That’s what trading houses Vitol and Gunvor Group are signaling after oil…
Auto is hot right now + could rising yields put a cap on EGX performance
The EGX30 closed today down 0.69% on turnover of EGP 2.14 bn (34.1% above the 90-day average). Foreign investors were…
What will it take to get electric cars on the road?
Infinity Solar subsidiary Infinity-E will install 300 electric car charging docks across Egypt by 2023 as part of an ongoing…
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