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Contact Financial closes EGP 1.5 bn securitized bond issuance
Contact Financial Holding has closed an EGP 1.5 bn securitized bond issuance for subsidiaries in its consumer finance portfolio, including…
What the markets are doing on 3 October, 2023
The EGX30 fell 1.0% at today’s close on turnover of EGP 1.6 bn (26.2% below the 90-day average). Local investors…
EM stocks suffer worst quarter in a year as higher rates, China woes bite
The third quarter wasn’t kind to EM equities: Emerging-market stocks took a serious blow in 3Q 2023, with a deepening…
PHD to expand Palm Hills October after acquiring new land plot. PLUS: More Chinese investment?
The real estate developer expects to draw EGP 85 bn in sales proceeds from the plot over a 5-7-year period
What the markets are doing on 2 October, 2023
The EGX30 fell 0.8% at today’s close on turnover of EGP 3.3 bn (53.2% above the 90-day average). Local investors…
Don’t be the next Instacart, VCs tell startups as Nasdaq newbies tread water
Fears that interest rates will remain higher for longer have hampered the fortunes of recent debutants on the Nasdaq
Al Ahly Tamkeen Microfinance closes EGP 707 mn bond issuance
The issuance brings the total value of securitized bonds issued in Egypt so far this year to EGP 55.2 bn
What’s happening with Midar?
Midar was established in 2006 to develop the 11k-feddan Mostakbal City project
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