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Valu raises EGP 617 mn in securitized bonds
The issuance is part of a EGP 9 bn extended program and the ninth overall
What the markets are doing on 20 May, 2024
The EGX30 fell 0.32% at today’s close on turnover of EGP 4.8 bn (0.8% below the 90-day average). Egyptian investors…
Latest inflation data sends USD rally into reverse
Traders now expect the Fed to deliver two quarter-point rate cuts in 2024
House gave preliminary approval to bill allowing private investors to manage public health facilities
Foreign medical staff will not be allowed to exceed 25% of total staff members
What the markets are doing on 19 May 2024
The EGX30 rose 4.5% at today’s close on turnover of EGP 6.0 bn (25.3% above the 90-day average). Regional investors…
Chinese investment in north Africa, eastern Europe, central Asia more than double that of US and Germany combined
“China is dwarfing FDI from Germany and the US,” the EBRD’s chief economist Beata Javorick told the Financial Times
Drive Finance closes EGP 1.4 bn securitization issuance
The issuance is the second of a EGP 5 bn program.
IDH looks to delist from the EGX
The company decided to leave due to “limited trading activity”
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