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Gov’t sells 10% stake in Telecom Egypt
The government raised USD 129 mn in the sale, according to reports
It was all about the FY 2023-2024 budget + lots of privatization updates
Good morning, friends, and happy FRIDAY. We hope you survived our first full workweek in ages, and that you have…
What the markets are doing on 11 May, 2023
The EGX30 fell 1.3% at today’s close on turnover of EGP 2.11 bn. Foreign investors were net sellers. The index…
US inflation slows again, paving the way to a Fed interest rate pause
The consumer price index fell to 4.9% in April
Gulf energy companies could acquire our two biggest wind farms -report
The two wind farms could be sold by the end of the year
Telecom Egypt sale is back on
The government will be selling shares at a 3.8% discount from current share price
Privatization is dominating the news agenda here in Egypt
Rumors of TE and wind plant sales inject new momentum in privatization story
What the markets are doing on 10 May, 2023
The EGX30 rose 1.0% at today’s close on turnover of EGP 2.06 bn. Regional investors were net buyers. The index…
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