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Military-owned institution acquires 20% of Taqa Arabia
Taqa sold its shares at a 46% discount to market value
What the markets are doing on 25 July 2023
The EGX30 fell 0.4% at today’s close on turnover of EGP 1.62 bn (15.9% below the trailing 90-day average). Local…
Federal Reserve expected to hike rates this week
A 25-bps hike would take the benchmark rate to its highest level since 2001
Taqa Arabia shareholder sells 20% stake. PLUS: Beltone’s SODIC office building buy, Qalaa to study green aviation fuel with French firm — and more
The block trade comes three weeks after the company’s shares began trading on the EGX
What the markets are doing on 24 July 2023
The EGX30 fell 0.2% at today’s close on turnover of EGP 1.18 bn (39% below the trailing 90-day average). Foreign…
Oil prices to rise this year amid “serious” supply-demand imbalance, says IEF official
Oil exporters have removed more than 1 mn barrels of oil per day from the market this year under efforts…
Palm Hills closes EGP 472.5 mn securitized bond issuance
PHD closes second securitization transaction of 2023: Our friends at real estate developer Palm Hills Developments (PHD) has closed a…
What the markets are doing on 19 July, 2023
The EGX30 fell 0.2% at today’s close on turnover of EGP 1.59 bn (17.5% below the 90-day average). Local investors…
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