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What the markets are doing on 1 February, 2023
The EGX30 fell 0.2% at today’s close on turnover of EGP 1.73 bn (3.2% below the 90-day average). Foreign investors…
THIS EVENING: Madbouly Cabinet to announce details of privatization plans next week
Good afternoon, ladies and gentlemen. We’re just about at the end of the work week, after making it through what…
Saudi economy on a tear + Chinese business is back in expansion
The Saudi non-oil economy expanded at its fastest pace in more than a year in 4Q 2022, according to government…
Privatization plans, interest rates, and CDs make for another econ-heavy night
We got more economy lessons from the talking heads last night, as the government’s upcoming announcement on its listing pipeline…
THIS MORNING: The new month should bring big privatization news
Good morning, wonderful people, and welcome to the first day of February. It’s another macro-heavy kind of news day here…
Sidpec releases 2022 earnings + Obour Land plans dividend payments
MARKET WATCH- Sidi Kerir Petrochemicals’ net income after tax rose to EGP 1.24 bn in 2022, up 131% y-o-y, according…
African nations could look to G20 for debt relief + Mashreq’s solid FY22 results
More African nations at risk of debt distress may have to go to the G20 to negotiate restructuring their debts,…
Three in, three out as EGX30 rebalances
The EGX30’s semiannual rebalancing is done, the EGX said in a statement out yesterday. In: Abu Dhabi Islamic Bank Egypt,…
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