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What the markets are doing on 22 April 2024
The EGX30 fell 1.7% at today’s close on turnover of EGP 3.0 bn (40.5% below the 90-day average). Local investors…
Soaring Chinese demand pushes global gold prices to all-time high
Chinese demand for gold jewelry rose 10% over the past year, while Indian demand fell 6%
Ajlan & Bros could invest USD 1.5 bn in tourism project in Ras Gamila
The Saudi company also eyes stakes in several state-owned companies offered in the privatization program
What the markets are doing on 21 April 2024
The EGX30 rose 1.0% at today’s close on turnover of EGP 2.9 bn (42% below the 90-day average). Regional investors…
Netflix reports solid 1Q 2024 earnings, but growth concerns see shares fall
The streaming platform said it would stop reporting subscription figures every quarter
Madbouly government cuts privatization program targets for the year
Finance Minister Mohamed Maait said that the government was looking to raise some USD 6.5 bn as recently as February
What the markets are doing on 18 April, 2024
The EGX30 fell by 4.5% at today’s close on turnover of EGP 5.7 bn (13.5% above the 90-day average). Foreign…
Deficits in the US, China will hurt global economy
The US will record a fiscal deficit of 7.1% in 2025, over three times the 2% average clocked in by…
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