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Dreaded FY2020 earnings season is upon us
The EGX30 rose 0.2% at today’s close on turnover of EGP 1.6 bn (10.1% above the 90-day average). Foreign investors…
Also on our radar on 26 January 2021
An EGP 13 bn revamp at state-owned Egyptalum will see the state-owned company upgrade its equipment to newer, more energy-efficient…
An acquisition here, a stake sale there …
Suez Cement has sold its 51% stake in Kuwait’s Hilal Cement for EGP 155.8 mn, the company said in a…
Plan to overhaul state-owned enterprises hits the House
Tawfik outlines SOE overhaul plan for parliament: The Public Enterprises Ministry is looking to streamline state-owned spinning and weaving companies…
Egyptian Iron and Steel’s new mining company to begin trading on EGX in 2 months
State-owned Egyptian Iron and Steel is being liquidated in a process that will take up to two years, the company…
Ceramics manufacturers secure better repayment terms for natgas debts
Ceramic manufacturers have secured easier repayment terms for natural gas debts after the Oil Ministry agreed to let them pay…
Also on our radar on 24 December 2020
The European Bank for Reconstruction and Development (EBRD) has extended a USD 12 mn loan to Al Dau al Haram…
Sign of the times for cement
Suez Cement is going to go private after trying to buy out as many minority shareholders as possible. Shareholders sold…
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