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Maersk signs framework agreement to acquire half of Zafarana wind farm
Maersk and the Egyptian government are still in negotiations regarding the value of the stake.
What the markets are doing on 9 October, 2023
The EGX30 rose 0.3% at today’s close on turnover of EGP 1.1 bn (49.4% below the 90-day average). Regional investors…
OPEC+ maintains oil supply curbs. Oil prices plunge anyway.
The oil market experienced its worst day of trading in over a year following the decision due concerns that slumping…
FRA eases rules on share buybacks
The amendments aim to facilitate the process of buying and selling of treasury shares for EGX-listed companies
What the markets are doing on 8 October, 2023
The EGX30 fell 2.6% at today’s close on turnover of EGP 2.05 bn (5.5% below the 90-day average). International investors…
UAE non-oil business activity rises in September
UAE PMI rebounds: The UAE’s non-oil private sector activity accelerated in September on the back of surging demand and a…
What the markets are doing on 4 October, 2023
The EGX30 rose 0.8% at today’s close on turnover of EGP 1.51 bn (30.3% below the 90-day average). International investors…
Middle East enters “golden era” thanks to global volatility, says JPMorgan’s European chief
Money and talent have poured into the region in recent months as investors and companies search for safety from the…
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