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EU wants a price cap on its gas markets + More US economists expect recession
The EU wants to cap prices in its benchmark gas market: The European Commission will propose an emergency price cap…
What the markets are doing on 16 October, 2022
The EGX30 rose 2.0% at today’s close on turnover of EGP 935.96 mn (4.1% below the 90-day average). Foreign investors…
Feeling chipper: VW wagers on Chinese tech while Samsung gets a hall pass on US restrictions
Volkswagen plans to invest EUR 2.4 bn to secure Chinese chip tech, the FinancialTimes reports. The German carmaker, which earns…
Are we about to see a more democratized private equity industry?
Private equity is (finally) making room for retail investors: PE firms are beginning to heed retail investors’ demands to be…
JUFO to pay 2021 dividends
MARKET NEWS- Dairy company Juhayna will pay out dividends of EGP 0.35 a share for 2021, redeemable on 3 November,…
Planet Finance: Things are not looking up for the UK economy
Is a recession looming for the UK? The UK economy contracted unexpectedly by 0.3% in August as production rates fell…
SFE gets the ball rolling on power plant stake sale
Beni Suef power plant the first to go to SFE’s pre-IPO fund? The Siemens-built, 4.8 GW combined-cycle power plant in…
What the markets are doing on 12 October, 2022
The EGX30 fell 0.7% at today’s close on turnover of EGP 883.09 mn (9.8% below the 90-day average). Local investors…
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