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Record rate hike in the eurozone
ECB makes largest-ever rate hike: The European Central Bank raised interest rates by a historic 75 basis points — and…
Credit Agricole acquires a 4.8% stake in Credit Agricole Egypt
Crédit Agricole Group acquired a 4.8% stake in Crédit Agricole Egypt on Thursday, it said in a disclosure (pdf) to…
Expedition Investments ups by 10% what it’s willing to pay for Domty
Domty shareholders will get a little more for selling to Expedition Investments: The Expedition Investments-led consortium bidding to acquire 34%…
What the markets are doing on 8 September, 2022
The EGX30 rose 0.3% at today’s close on turnover of EGP 1.24 bn (26.9% above the 90-day average). Local investors…
Oil prices hit lowest levels since January + Markets increasingly expect another 75-bps Fed rate hike this month
Investors are increasingly pricing in another huge rate-hike in the US this month: The futures markets is currently giving a…
What the markets are doing on 7 September, 2022
The EGX30 fell 0.9% at today’s close on turnover of EGP 1.61 bn (44.4% above the 90-day average). Foreign investors…
Electric and gas utilities players give their two cents on the state’s privatization plan
What do electric and gas utility companies think of the state’s privatization plan? As part of its state ownership policy…
US equities are still holding up + Porsche looks set to IPO this fall
US equities are the best of a bad bunch amid global turmoil: Investors are still piling into US stocks despite…
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