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Telecom Egypt denies Qatar-Vodafone Egypt reports
Sources tell us that the company is still inviting offers — and that the Saudis are still interested
The government wants to enlist the private sector to overhaul state-owned factories
Nearly half of state-owned companies are making losses
What the markets are doing on 30 June, 2023
The EGX30 rose 1.2% at today’s close on turnover of EGP 2.0 bn. Local investors were net buyers. The index…
Is the ‘everything rally’ back?
Investors are piling back into risk assets amid optimism that the Fed has avoided a hard landing
Privatization proceeds in the state coffers by September?
Investors are currently conducting due diligence on the assets ahead of agreeing final terms
What the markets are doing on 27 July, 2023
The EGX30 fell 0.3% at today’s close on turnover of EGP 2.39 bn (24.9% above the trailing 90-day average). Local…
Fed hikes interest rates by 25 bps, signals it’s not done yet
Interest rates are now at their highest level since 2001
CMA CGM eyes stake in state-owned shipping firm
Transport Ministry and National Bank of Egypt are holding talks with the French shipping giant
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