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National Bank of Egypt ups stake in Fawry — is a stake sale to ADQ next?
Another state-owned bank appears to have just bought a chunk of Fawry, likely setting up the sale of the government-controlled…
THIS EVENING: The broad strokes of state policy to encourage private sector involvement + Fawry sells more shares + KSA deposits USD 5 bn in the CBE
It’s another day of outstanding news, ladies and gentlemen, as we head to the pre-Ramadan sprint, with the positive signals…
CDs see EGP 260 bn in inflows in a week
More than a quarter of a tn EGP now invested in CDs: More than EGP 260 bn has been poured…
THIS MORNING: The number of public sector workers continued to fall in 2021 + Oil is continuing to slide this morning
Good morning, wonderful people, and welcome to hump day, where the big stories of the morning include a flurry of…
CIB to distribute dividends to shareholders next Thursday
MARKET NEWS- CIB will distribute next Thursday dividends to its shareholders on 1.98 bn shares at EGP 1.35 per share,…
THIS MORNING: Covid restrictions eased ahead of Ramadan + Shoukry at landmark MidEast summit in Israel
We seem to have traded the fire hose of news for a sprinkler today — and that’s just fine with…
THIS MORNING: Shoukry in Israel for “historic” summit + USD 200/barrel oil this year?
Good morning, friends, and welcome to the last workweek before the start of Ramadan, which begins this coming Saturday. We…
ADQ is buying … a lot
Abu Dhabi wealth fund ADQ is acquiring state-held stakes in Abu Qir Fertilizers, Mopco, and Alexandria Container & Cargo Handling,…
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