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New tax measures set to be announced today were the talk of the town last night
Egypt-Saudi relations also got some coverage
What the markets are doing on 10 September 2024
The EGX30 fell 0.9% at today’s close on turnover of EGP 3.8 bn (2.7% below the 90-day average). Local investors…
Traditional tech struggles as AI boom overshadows sector’s slump
Despite the AI boom offering some respite for tech, the overall recovery of the sector remains uncertain
Capital gains tax scrapped?
Good morning, friends, and a very happy hump day to you all. Leading the news well today and many of…
What the markets are doing on 9 September 2024
The EGX30 rose 0.3% at today’s close on turnover of EGP 3.7 bn (4.4% below the 90-day average). Local investors…
Fed officials “open” to larger rate cuts if necessary
“If the data suggests the need for larger cuts, then I will support that,” US governor Christopher Waller said
State exits microfinance player Tamweely after EGP 2.8 bn buyout by int’l consortium
The acquisition comes just ahead of our fourth IMF loan program review in late September
What the markets are doing on 8 September 2024
The EGX30 fell 2.4% at today’s close on turnover of EGP 3.4 bn (12% below the 90-day average). International investors…
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