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Pachin has new Emirati owners
Pachin shareholders owning 19 mn shares have agreed to sell at EGP 39.8 per share
Egypt’s National Dialogue gets underway today + Fed rate decision amid banking turmoil
PLUS: NUCA could break its own securitization record
What the markets are doing on 2 May, 2023
The EGX30 fell 0.1% at today’s close on turnover of EGP 1.51 bn. Regional investors were net buyers. The index…
Saudi net foreign assets slump to 13-year low
This comes despite a bumper dividend payout from Aramco
Regulators just greenlit Egypt’s first ever gold investment fund. PLUS: Data center upgrade, new Sawari tech fund, oil + gas exploration.
Gold prices have surged 60% this year on ongoing economic uncertainty
Secondary stake sales for Abu Qir, Sidpec?
Both companies have already seen interest from Gulf investors
What the markets are doing on 1 May, 2023
The EGX30 fell 2.0% at today’s close on turnover of EGP 2.09 bn. Foreign investors were net sellers. The index…
China manufacturing unexpectedly falls in April
April manufacturing data suggests China isn’t out of the woods yet: China’s manufacturing activity unexpectedly contracted in April for the…
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