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The market on 7 July 2022
The EGX30 rose 1.1% at today’s close on turnover of EGP 395.45 mn (52.3% below the 90-day average). Foreign investors…
One of the year’s biggest banking takeovers just took place in the Middle East
Kuwaiti bank makes one of the year’s biggest banking acquisitions: Kuwait Finance House is acquiring Bahrain’s Ahli United Bank (AUB)…
Human rights is still the hot topic in the foreign press
Human rights is leading the conversation on Egypt in the foreign press for the third day running: Ahead of his…
The market roundup on 6 July 2022
The EGX30 rose 0.2% at today’s close on turnover of EGP 486.02 mn (41.5% below the 90-day average). Foreign investors…
Boomtime over? Tecom shares fall in Dubai debut
Another sign that the Gulf IPO boom may have peaked: Dubai business park operator Tecom Group dropped as much as…
CIRA moves one step closer to future flow securities
CIRA shareholders greenlight future flow securitization: Shareholders of EGX-listed education provider CIRA have approved the company’s plans for a EGP…
The market on 5 July, 2022
The EGX30 fell 0.33% at today’s close on turnover of EGP 953.9 mn (13.4% above the 90-day average). Local investors…
Commodity prices are falling back — but is it enough to tame inflation?
Commodity prices are beginning to cool — and it’s stirring hope that inflation has peaked: Investors who piled into assets…
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