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THIS MORNING: Welcome to 2023, folks
Good morning, wonderful people — and a very warm welcome to a brand new year. We’re kicking off 2023 with…
What the markets are doing on 28 December, 2022
The EGX30 rose 0.6% at today’s close on turnover of EGP 1.2 bn (22.6% below the 90-day average). Local investors…
Russia to ban oil sales to countries that implement the G7 price cap from February
Russia responds to the G7 price cap: Russia will ban oil sales to countries that impose the G7’s price cap…
FRA eases borrowing limits on home loans
The FRA is easing credit limits for homebuyers: The Financial Regulatory Authority has loosened income requirements for mortgage lenders in…
What the markets are doing on 27 December, 2022
The EGX30 fell 0.5% at today’s close on turnover of EGP 1.29 bn (16.8% below the 90-day average). Foreign investors…
2022 hasn’t been a bad year for everyone in the market
The one beneficiary of rising interest rates? Hedge funds: Hedge funds focused on bonds and currencies are en route to…
Capital markets in 2022: It just wasn’t the year for fresh paper
Let’s just say it outright: 2022 was not a great year for the EGX. Last year, we were cheering the…
The bidding war for Pachin is heating up again
Yet another bidder vying for Pachin: Eagle Chemicals wants to acquire 100% of Paint and Chemical Industries (Pachin) for EGP…
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