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What the markets are doing on 13 August 2026
The EGX30 rose 0.4% at today’s close on turnover of EGP 14.1 bn (36% above the 90-day average). Local investors…
Coordinated US-Japan JPY intervention loses its grip as carry trade reasserts itself
The historic joint US-Japan JPY rescue has already lost half its ground, exposed by a structural yield chasm that no…
Gafi and FRA seize control of PHG general assembly after audit uncovers “serious violations”
State regulators nullified PGH’s upcoming assembly and assumed calling powers after an inspection flagged severe administrative breaches and potential criminal…
What the markets are doing on 12 August 2026
The EGX30 rose 0.4% at today’s close on turnover of EGP 16.4 bn (60.0% above the 90-day average). Local investors…
Nvidia targets USD 500 bn in third-party financing to fuel AI data center boom
The chipmaker is teaming up with Wall Street giants to create a standalone financing platform, aiming to turn AI compute…
E-finance to acquire Tamweely for as much as EGP 5 bn
The fintech player will fund most of the transaction via a share swap of 4% of its equity
GSK shares rally on parent company news and retail momentum; other pharma firms follow
A 670% jump in GSK Egypt’s share price — fueled by news belonging to its UK parent — suggests retail…
What the markets are doing on 11 August 2026
The EGX30 fell 0.1% at today’s close on turnover of EGP 18.6 bn (84.1% above the 90-day average). International investors…
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