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Another rate hike incoming?
JPMorgan sees the CBE hiking interest rates by a further 200 bps when it meets later this month
What the markets are doing on 11 March 2024
The EGX30 rose 1.4% at today’s close on turnover of EGP 7.2 bn (53.8% above the 90-day average). Foreign investors…
An almost record year for Saudi Aramco, despite waning oil prices and production cuts
Saudi’s Aramco recorded its second-highest net income in 2023, despite falling 25% y-o-y to USD 121 bn on waning oil…
Beltone set to acquire SODIC for Securitization as part of push into securitization
The transaction will see Beltone acquire 5k shares at EGP 1k apiece
What the markets are doing on 10 March, 2024
The EGX30 rose 5.2% at today’s close on turnover of EGP 7.5 bn (62.5% above the 90-day average). Local investors…
ECB, Fed hint at upcoming rate cuts
ECB hints at June rate cut: The European Central Bank (ECB) maintained borrowing costs at historically high levels when it…
Al Ahly CIRA’s Saxony Egypt will open its doors in September. PLUS: News from the House, NTRA, and FRA
Saxony Egypt will offer two-year diplomas and four-year bachelor’s degrees and is expected to begin operations with six programs
What the markets are doing on 7 March 2024
The EGX30 rose 5.2% at today’s close on turnover of EGP 6.6 bn (44.2% above the 90-day average). Egyptian investors…
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