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Eastern Company cancels heated tobacco investment to conserve FX
Eastern is saving its hard currency to produce cigarettes amid the FX crunch
Suez Canal company IPO, business climate reforms get int’l ink
PLUS: Camels are pricier thanks to the EGP deval
Gov’t to IPO Suez Canal company on the EGX
This is the second Suez Canal IPO announcement this month
What the markets are doing on 21 June, 2023
The EGX30 fell 1.2% at today’s close on turnover of EGP 1.8 bn. Local investors were net buyers. The index…
THIS EVENING: SCA’s Canal Mooring and Lights headed for an IPO
Happy almost-THURSDAY, wonderful people. We’re nearing the end of the last full workweek of the month, with the news cycle…
EM currency volatility on the decline + Gulf state firms go shopping
One measure of EM currency volatility is at its lowest since October 2021
SODIC to double construction capex to EGP 6 bn this year
SODIC wants to purchase more than 300 acres on the North Coast
Private-sector minimum wage hike dominates talkshows
Yet another minimum wage hike could be in the cards this year
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