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Qatar could soon invest up to USD 2.5 bn in state-held firms
Qatar could invest as much as USD 2.5 bn in state-held firms: Qatar’s sovereign wealth fund is in advanced talks…
Capital markets
What the markets are doing on 19 October, 2022
The EGX30 was essentially flat at today’s close on turnover of EGP 1.26 bn (20.8% above the 90-day average). Foreign…
Bloomberg’s US recession-o-meter hits 100% certainty
Bloomberg is the latest to predict a US recession, saying yesterday that it is "effectively certain" the economy will enter…
Swvl could get booted off the Nasdaq + OIH joins the EGX buyback club
US- and locally-listed firms are steering their stock through choppy waters: Over on Wall Street, Cairo-born Swvl is reportedly considering…
Earnings watch: Obour Land reports 3Q 2022 results
EARNINGS WATCH- Obour Land’s bottomline rose 31% y-o-y in 3Q 2022 to EGP 145.8 mn, according to the company’s earnings…
Recession has no victors — except Amreeka
The US could emerge strongest out of market turmoil hitting major world economies,Bloomberg suggests, citing the latest MLIV Pulse survey.…
What the markets are doing on 17 October, 2022
The EGX30 rose 1.0% at today’s close on turnover of EGP 1.33 bn (26.4% above the 90-day average). Local investors…
THIS EVENING: Gov’t reintroduces unsubsidized bread price caps + We’re missing out on another USD 75 mn in military aid from Washington
Good afternoon, ladies and gentlemen. It’s another reasonably brisk news afternoon here in Omm El Donia, with a little bit…
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