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Infrastructure 
It’s still all about interest rates everywhere on Planet Finance
Fed officials left the door open for more big rate cuts this year
Alexandria for Industrial Development to build USD 120 mn worth of turnkey factories for foreign companies. PLUS: United Bank, Fawry, Raya CX, eAswaaq + Post for Investment, Trellix
The company is currently setting up a pipe manufacturing facility for a Chinese investor
What the markets are doing on 23 September 2024
The EGX30 fell 0.1% at today’s close on turnover of EGP 4.4 bn (10.8% above the 90-day average). Local investors…
US banks reaped USD 1 tn in windalls from high interest rate environment
Banks are expected to pass some of the recent half-percentage-point rate cuts onto depositors
AD Ports to receive two Ain Sokhna marine terminals by 1Q 2025. PLUS: Mobica, MID Takseet + Basata, State Lawsuits Authority, Talaat Moustafa Group, Greentech
A high-level committee is reportedly close to finalizing the final terms of the contract
CBE to sell a stake in United Bank in IPO by 1 Q 2025
The CBE is in the process of obtaining the required approvals form the Financial Regulatory Authority and the EGX
What the markets are doing on 22 September 2024
The EGX30 rose 0.3% at today’s close on turnover of EGP 3.7 bn (5.7% below the 90-day average). Local investors…
Investors weigh up the rationale behind the Fed’s rate cut
The rate cut is feared to have been a late move by the Fed to maintain growth momentum
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