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Investors have a week to get their money back from Ghazl El Mahalla
Would-be investors in Ghazl El Mahalla have a week to cancel their orders following the club’s failed IPO, according to…
It’s official: Gov’t is on board with a flexible exchange rate
“We as a government do agree that a flexible exchange rate is definitely good for the economy,” Planning Minister Hala…
What the markets are doing on 6 September, 2022
The EGX30 rose 1.5% at today’s close on turnover of EGP 1.90 bn (53.6% above the 90-day average). Local investors…
OPEC+ unexpectedly cuts oil supply
And Europe learned the meaning of the word A_a… OPEC+ will cut supply in October in a surprise move meant…
CIB plans record capital increase
EGX-listed private sector giant CIB is planning a multi-bn EGP capital increase that would raise its capital by around a…
What the markets are doing on 5 September, 2022
The EGX30 rose 1.8% at today’s close on turnover of EGP 1.63 bn (46.4% above the 90-day average). Local investors…
Central banks across the world will continue hiking interest rates this week
The global economy holds its breath for another batch of aggressive rate hikes: Major central banks are gearing up for…
What the markets are doing on 4 September, 2022
The EGX30 rose 0.6% at today’s close on turnover of EGP 920.6 mn (5.3% above the 90-day average). Foreign investors…
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