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Palm Hills closes EGP 638 mn securitization
Palm Hills Developments (PHD) has closed an EGP 638 mn securitized bond issuance, according to a joint statement (pdf) from…
State pharma firms could offer minority stakes within six months
Two state-owned pharma firms to sell minority stakes within six months? The government wants to sell sizable minority stakes in…
What the markets are doing on 16 February, 2023
EARNINGS WATCH- Talaat Moustafa Group reported EGP 2.23 bn in 2022 net income, rising 25% y-o-y, according to the company’s…
Fertiglobe, Emaar report bumper earnings in 2022
A good year for Fertiglobe: The MENA fertilizers firm — a joint venture between Adnoc and the Sawiris-owned OCI —…
Gulf investors reportedly eyeing stakes in merged Sidpec-Ethydco
The unidentified investors are reportedly looking to acquire 16-20% of the new company
What the markets are doing on 15 February, 2023
The EGX30 rose 0.5% at today’s close on turnover of EGP 2.67 bn (40% above the 90-day average). Foreign investors…
Global grain markets rise on fears of fiercer fighting in Ukraine
Are global grain prices inching up again? Wheat futures posted their first decline in five sessions after trading near two-month…
Is Egypt brewing up a fresh export subsidy program?
The state is also looking into adding new sectors to the subsidy program
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