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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
Beltone’s 5 bn new shares will land on the EGX today
The company completed a EGP 10 bn capital increase earlier this month
Earnings watch: Speed Medical + Obour Land
EARNINGS WATCH- Speed Medical in the red in 2022: Speed Medical recorded net losses of EGP 148.21 mn in 2022,…
Output cuts are taking their toll on Saudi oil income
Monthly oil revenues fell by a third in May to hit their lowest level since September 2021
Dubai takeover of Pachin is complete. PLUS: A real estate merger in the works?
The Dubai-based company purchased the remaining 20% of Pachin owned by state entities
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