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KSA’s Public Investment Fund is reportedly in talks to acquire Saudia
The move would see PIF consolidating Saudia within its growing aviation portfolio
What the markets are doing on 18 March 2024
The EGX30 fell 6.3% at today’s close on turnover of EGP 4.3 bn (11.6% below the 90-day average). Foreign investors…
THIS EVENING: EGX30 closes down 6.3%
Good afternoon, friends, and happy Monday. It’s a relatively slow day so far, which begs the question: Could the fabled…
US investors, beware Chinese zombie companies
The US House of Representatives last week voted to give ByteDance six months to sell TikTok or face a ban…
EFG Finance is launching a new subsidiary to finance SMEs
The new venture will allow EFG Finance to bridge a gap in its product offerings
What the markets are doing on 17 March 2024
The EGX30 fell 0.8% at today’s close on turnover of EGP 3.4 bn (30.1% below the 90-day average). Local investors…
Dubai’s first IPO of the year was 165x oversubscribed
Dubai’s public parking operator Parkin raised AED 1.57 bn (c. USD 429 mn) from its IPO, with over AED 259…
What the markets are doing on 14 March 2024
The EGX30 rose 1.0% at today’s close on turnover of EGP 4.5 bn (6.7% below the 90-day average). Local investors…
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