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Markets shrug after OPEC ups oil supply increases + the US turns to foes for oil
Oil producers to temporarily up supply: OPEC+ has agreed to boost oil production in July and August by 650k barrels…
EFG Hermes Corp-Solutions closes EGP 500 mn bond issuance
EFG Hermes Corp-Solutions has closed an EGP 500 mn bond issuance that the company said is the first component of…
SFE pushing ahead with stake sales to strategics, courts Gulf investors as it lines up new hotels company for high-profile sale –Soliman
Sovereign Fund of Egypt head Ayman Soliman gets credit for being a straight shooter this morning after telling Bloomberg Asharq…
Abu Dhabi’s Borouge soars in ADX debut following massive IPO
Borouge shares pop in trading debut: Abu Dhabi-based petrochemicals firm Borouge’s shares jumped as much as 24% in its trading…
Al Futtaim could invest up to USD 1 bn more in Egypt by 2025
Al Futtaim could invest up to USD 1 bn in Egypt: Emirati conglomerate Al Futtaim Group is looking to invest…
Market roundup on 2 June 2022
The EGX30 fell 0.8% at today’s close on turnover of EGP 447 mn (47% below the 90-day average). Local investors…
Gulf IPO market on course for record first half
No IPO winter in the GCC, thanks to rising oil prices: Gulf IPOs are on course for a record first…
EFG back to the top of the EGX brokerage league table in May
EFG Hermes returned to the summit of the EGX’s brokerage league table in May with a market share of 19.2%,…
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