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Eastern in line for USD 150 mn from new UAE shareholder to ensure access to materials
They will also inject an additional USD 150 mn in installments next year
What the markets are doing on 19 November, 2023
The EGX30 rose 2.1% at today’s close on turnover of EGP 3.2 bn (20.4% above the 90-day average). Regional investors…
Global debt hits record high -IIF
The report singled out Egypt and Pakistan for “alarming” levels of debt
Egypt sells 30% stake in Eastern Company for USD 625 mn
The Emirati buyer will pay in USD in a boost for the state as it tries to ease the FX…
What the markets are doing on 16 November, 2023
The EGX30 rose 1.0% at today’s close on turnover of EGP 3.4 bn (29% above the 90-day average). Local investors…
THIS EVENING: Eastern Company sells 30% stake for EGP 16.4 bn to UAE-based Global Investment Holding
Good afternoon friends and happy Thursday. We have a smattering of privatization updates as our news cycle winds down over…
Saudi stocks lure foreign investors back after October outflows
Foreign investors have bought USD 3.4 bn worth of Saudi stocks in just two weeks
What the markets are doing on 15 November, 2023
The EGX30 rose 1.0% at today’s close on turnover of EGP 3.4 bn (29.9% above the 90-day average). Local investors…
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