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What the markets are doing on 5 August 2026
The EGX30 rose 0.3% at today’s close on turnover of EGP 12.9 bn (32.9% above the 90-day average). Local investors…
SpaceX sees revenue almost double in 2Q
SpaceX’s largest business segment, Starlink connectivity, generated USD 4.3 bn in revenues
The FRA registered a third collection firm as the legal logjam continues to clear
Plus: Austria’s RHI Magnesita is studying a refractories plant to supply Egypt’s heavy industry
Foreigners pick up EGP 1.4 bn in local equities as EGX30 gains 5.85% in July
Foreigners turn net buyers in July, with EGX30 closing at 53.4k points
What the markets are doing on 4 August 2026
The EGX30 rose 0.8% at today’s close on turnover of EGP 15.2 bn (57.2% above the 90-day average). Local investors…
Egypt’s first SPAC closed two acquisitions worth EGP 2.8 bn within months of listing — is the market moving too fast?
Egypt’s first SPAC closed two acquisitions worth EGP 2.8 bn within months of listing. A second has since joined the…
S&P warns US manufacturing expansion masks deepening supply, confidence slump
Business confidence in the outlook fell to its lowest level since October 2025, marking a nine-month low
EGX executive chairman on short-selling, IPO pipeline, S&P review
Five or six of the 20 state-owned companies with temporary listings will complete full IPOs over the next year, according…
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