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Good news, bad news on the macro front + IMF deputy MD is in town next week
Good morning, friends, and a very happy FRIDAY. For those of us whose children finished exams (and young, precocious readers…
Explaining the EGX’s new trading mechanism rules
The EGX bans conditional trade mechanisms during auction sessions
What the markets are doing on 8 June, 2023
The EGX30 rose 1% at today’s close on turnover of EGP 2.37 bn. Local investors were net buyers. The index…
THIS EVENING: SCZone board signs off on selling 20% stake in PSCCHC on the EGX
Good afternoon, wonderful people, and happy THURSDAY to us all. We’re ending the week with a relatively calm news day…
Turkey is moving to a flexible exchange rate as gov’t adopts ‘rational’ economic policies
The currency fell more than 7% yesterday
A Saudi suitor for Heliopolis Housing?
A Saudi takeover in the cards for Heliopolis Housing? Heliopolis Housing and Development (HHD) has denied reports in the local…
The Qataris are close to acquiring up to 30% of Vodafone Egypt -Al Mal
Acquisition talks stalled earlier this year due to disagreements over the size of the stake on offer
What the markets are doing on 7 June, 2023
The EGX30 fell 0.8% at today’s close on turnover of EGP 3.6 bn. Foreign investors were net sellers. The index…
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