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Unemployment numbers are down + Gov’t in talks to potentially sell down stake in Eastern Company
Good morning, friends, and happy FRIDAY to all of you, whether you’re in Sahel or in Cairo. We wish you…
What the markets are doing on 24 August, 2023
The EGX30 rose 0.4% at today’s close on turnover of EGP 2.1 bn (2.6% above the 90-day average). Regional investors…
Global stocks lose almost USD 3 tn in August on China fears, rising US rates
MSCI benchmark of global stocks on course for its worst month since September
EGX approves Al Ezz Dekheila delisting. PLUS: News on corn, East Port Said, Microsoft
Al Ezz Dekheila Steel plans to buy back the government’s 31% stake and delist from the exchange
What the markets are doing on 23 August, 2023
The EGX30 fell 0.5% at today’s close on turnover of EGP 2.6 bn (27.5% above the 90-day average). Local investors…
Microsoft is still chasing Activision and Goldman is dumping part of its “mass market” wealth management division
PLUS: Iran has turned on the oil taps and S&P Global followed Moody’s in downgrading the ratings of five US…
ADES to IPO in Riyadh next quarter?
The company reportedly aims to raise USD 1.2 bn from the offering
Gov’t to sell up to 15% stake in Eastern after receiving interest from multiple investors
Eastern is willing to sell down just under a third of its 51% stake
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