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THIS MORNING: EGX falls to lowest level since November 2016; MPs break for recess tomorrow
It’s hump day on the last week before Eid, ladies and gentlemen. That may just be enough to make up…
TONIGHT: Public sector workers take a week off for Eid + EGX avalanche and House sprints to the summer recess.
We can hear the screams of joy of every public sector worker, ladies and gentlemen, as the Madbouly cabinet announced…
Hedgies ? Dubai
Dubai is emerging as a favorite spot for hedge funds, Bloombergreports. A handful of well-known fund managers are either expanding…
The Market on 3 July 2022
The EGX30 fell 2.4% at today’s close on turnover of EGP 556.88 mn (32.7% below the 90-day average). Local investors…
Prepare for “stratospheric” oil prices?
Oil could reach a “stratospheric” USD 380 a barrel if Russia continues to slash output to EU countries in response…
Talks over amendments to Competition Act are deadlocked
Will the Competition Act prove too controversial to pass the House this session? Differences over proposed amendments to the Competition…
EFG Hermes again tops the EGX brokerage league table in June
EFG Hermes once again topped the EGX’s brokerage league table in June, with a market share of 24.9%, according to…
Al Ahly Pharos closes EGP 1.2 bn securitization for Talaat Moustafa Group
Talaat Moustafa Group (TMG) has sold EGP 1.17 bn worth of securitized bonds in an issuance managed by Al Ahly…
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