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What the markets are doing on 22 August, 2023
The EGX30 rose 1.7% at today’s close on turnover of EGP 2.4 bn (18% above the 90-day average). Foreign investors…
Arm Holding files for blockbuster IPO on Nasdaq
Arm could be one of the US’ biggest-ever tech listings
Corporate sukuk issuances made easy
Corporate sukuk issuances can now go ahead without a credit rating
Due diligence on United Bank hasn’t started yet, says CBE
Due diligence will begin by the end of September, central bank says
Philip Morris mulls minority stake in Eastern Company -Asharq Business
Eastern and the Philip Morris subsidiary are the only two local cigarette manufacturers
What the markets are doing on 21 August, 2023
EARNINGS WATCH- Chemical Industries Holdings’ subsidiary, Egyptian Chemical Industries (Kima) reported EGP 1.19 bn in net income in 4Q 2023,…
EM stocks, bonds tank on political, economic worries
Stocks are on course for their worst August since 2015
Updates on stake sales for United Bank, BdC
It’s unclear whether PIF is still interested in United Bank
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