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The great unwinding
Recent market shifts have eroded its gains by about 10% since May
GlobalCorp issues EGP 1.32 bn in securitized bonds
The issuance is part of GlobalCorp’s EGP 10 bn securitization program
What the markets are doing on 8 August 2024
The EGX30 rose 0.4% at today’s close on turnover of EGP 3.6 bn (equal to the 90-day average). Regional investors…
Qatar throws its weight into tussle over China minerals dominance
The Qatar Investment Authority’s USD 180 mn investment in TechMet will beef up the company’s investments in mineral extraction and…
Mohamed Farid is FRA head for another year
Farid has been heading the authority since August 2022
What the markets are doing on 7 August 2024
The EGX30 rose 1.5% at today’s close on turnover of EGP 4.0 bn (11.3% above the 90-day average). Local investors…
Pressure builds on the Fed to cut rates following market meltdown
The last couple of days have been a rollercoaster ride for market-watchers: After a massive stock sell-off on Monday, markets…
What the markets are doing on 6 August 2024
The EGX30 rose 1.3% at today’s close on turnover of EGP 2.6 bn (26.3% below the 90-day average). Local investors…
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