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Oman’s state energy company offering marks country’s largest ever IPO
The OQ SAOC IPO raised USD 749 mn
What the markets are doing on 12 October, 2023
The EGX30 rose 1.8% at today’s close on turnover of EGP 1.97 bn (9.5% below the 90-day average). International investors…
ADES shares soar 30% in market debut, bucking regional market trends
The USD 1.2 bn IPO saw 30% of the company sold to investors
Gov’t wants to start drawing on the EBRD’s financial contribution to the NWFE energy project. PLUS: News from Pachin, Vezeeta, Contact Financial, Roboost, and McDonald’s.
The EBRD has pledged USD 200-300 mn to the energy pillar of NWFE, which aims to replace aging gas-fired power…
What the markets are doing on 11 October, 2023
MARKET NEWS- Orascom Construction will be paying dividends of EGP 8.5 per share on the company’s 2022 earnings, it said…
China’s largest property developer is once again staring at default
Country Garden has warned that it will likely miss payments on some of its offshore payment obligations
What the markets are doing on 10 October, 2023
The EGX30 rose 1.6% at today’s close on turnover of EGP 2.4 bn (10.8% above the 90-day average). Local investors…
Fears of Israel-Hamas war escalation plunge Gulf markets
Saudi’s benchmark index had its steepest decline in 10 months on Sunday
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