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What the markets are doing on 10 December, 2023
The EGX30 fell 2.0% at today’s close on turnover of EGP 3.4 bn (9.4% above the 90-day average). Local investors…
Dubai Taxi shares pop on stock market debut
The state-owned company’s IPO was the most subscribed in the city’s history
Another leadership change at Elab
Elab has a new chairman, MD: Oil Minister Tarek El Molla has appointed Mahmoud Al Araby as chairman and managing…
FRA rolls out new trading regs to reduce market risk
The amendments aim to stabilize the market, regulate margin trading, reduce default risks, and protect traders’ rights
What the markets are doing on Thursday, 7 December
The EGX30 fell 0.1% at today’s close on turnover of EGP 3.8 bn (22.4% above the 90-day average). Local investors…
Analysts and Wall Street can’t seem to agree
The Federal Reserve won’t start cutting interest rates until at least July 2024, a Financial Times poll showed, with nearly…
What the markets are doing on 6 December, 2023
The EGX30 fell 1.7% at today’s close on turnover of EGP 5.3 bn (72.7% above the 90-day average). Foreign investors…
Moody’s issues negative outlook for global banks
Moody’s blames slower growth and risk of borrowers defaulting for its outlook
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