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What the markets are doing on 29 October 2023
The EGX30 fell 0.8% at today’s close on turnover of EGP 4.8 bn (106.9% above the 90-day average). Local investors…
S&P 500 slips into correction + US stocks are looking at their worst October since 2018
The VIX “fear gauge” jumped to a six-month high of 21
Citigroup turns bullish on Egyptian debt
The bulge bracket bank thinks our geopolitical importance and an accelerating privatization program mean it’s time to take a punt…
What the markets are doing on 26 October 2023
The EGX30 rose 0.6% at today’s close on turnover of EGP 5.1 bn (122.5% above the 90-day average). Foreign investors…
Country Garden USD bond default marks milepost in China’s real estate crisis
It’s bad news for China’s property market, which accounts for 20% of GDP
What the markets are doing on 25 October 2023
The EGX30 rose 3.4% at today’s close on turnover of EGP 5.1 bn (125.4% above the 90-day average). Regional investors…
What the IEA says the global electricity grid needs — and where Egypt’s grid stands
Global electricity grids need to double in size by 2040 in order to meet climate targets
Shares jump 7% in Oman’s OQ Gas Network’s post-IPO market debut
The company will offer 643 mn shares at a nominal value of USD 0.50 per share
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