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What the markets are doing on 28 August, 2022
The EGX30 fell 1.1% at today’s close on turnover of EGP 1.19 bn (29.7% above the 90-day average). Local investors…
THIS EVENING: Ghazl El Mahalla IPO subscription closes on weak retail demand + Airstrikes near Ukrainian nuclear plant
Good afternoon, friends. We come to you with one of the slowest Sunday afternoons in recent history, although we expect…
Hawkish Powell speech shocks markets
Stocks sink after Fed chair promises to keep raising interest rates: Federal Reserve Chairman Jerome Powell dashed market hopes that…
Madbouly appoints new FRA board
First a new boss, now a new board for the FRA: The Financial Regulatory Authority (FRA) has appointed a new…
Egyptian economy grew 6.6% in FY 2021-2022, says planning minister
The Egyptian economy grew at a 6.6% clip in FY 2021-2022, up from 3.3% the previous year, according to initial…
Now is the time to invest in the EGX, says Tellimer
EGX-listed stocks are trading at a 50% discount to their recent five-year average, creating a good buy for investors, Hasnain…
Ramy El Dokany is the new head of the EGX
The EGX has a new boss: Rami El Dokany (LinkedIn) has been named head of the EGX for a one-year…
Earnings watch: CI Capital reports 2Q 2022 results
EARNINGS WATCH- CI Capital reported EGP 1.612 bn in group revenues in 1H 2022, a 36% y-o-y increase (after normalizing for…
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