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Italy’s Intesa Sanpaolo in talks with Egyptian gov’t to acquire the rest of Alexbank
The Italian lender has been the majority shareholder of Alexbank since 2006
THIS MORNING: Will Egypt get the all-clear to move ahead with its first-ever sovereign sukuk sale?
Good morning, nice people, and welcome to a very busy hump day with the big news being a development that…
The USD is rebounding on raft of strong economic data
The USD is up some 3% against a basket of six other major currencies so far this month
The Enterprise 2023 Reader Poll: More of you are feeling downbeat about our economic prospects as headwinds mount
2022 was not a great year for business — and there’s uncertainty on what the future holds
What the markets are doing on 20 February, 2023
The EGX30 fell 3.0% at today’s close on turnover of EGP 1.87 bn (4.2% below the 90-day average). Local investors…
THIS EVENING: Italy’s Intesa Sanpaolo wants to become the sole owner of Alexbank + Biden makes surprise visit to Ukraine
Happy Monday, wonderful people. It’s relatively calm on the news front here at home so far, but we have a…
What the markets are doing on 19 February, 2023
The EGX30 fell 0.9% at today’s close on turnover of EGP 1.51 bn (22.5% below the 90-day average). Foreign investors…
Adnoc Gas on course to be one of the world’s largest listed gas firms
Adnoc Gas is set to raise some USD 2 bn in its upcoming IPO, valuing the company at USD 50…
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