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Unfavorable market conditions put Fawry’s US listing on hold
Fawry has postponed plans to list its shares in the US due to the current sell-off in US tech stocks,…
Capital markets
Earnings watch: Arabian Cement
EARNINGS WATCH- Arabian Cement returned to the black in 1Q2022, with its bottom line recording EGP 58.85 mn during the…
African Development Bank to lend USD 1.5 bn to African farmers to stem food crisis
The African Development Bank has approved a USD 1.5 bn facility to help African countries avert a “looming food crisis,”…
THIS MORNING: Monkeypox and a bear market; Davos starts today
Good morning, friends, and welcome to an absolutely packed Sunday issue. There are a number of new worries on our…
What the markets are doing on 19 May 2022
MARKET ROUNDUP- The EGX30 rose 0.8% at today’s close on turnover of EGP 693 mn (19.8% below the 90-day average).…
World Bank to spend another USD 12 bn to combat “devastating” food crisis
The World Bank will deploy an extra USD 12 bn to combat the “devastating effects” of rising food insecurity around…
valU, Majid Al Futtaim launch consumer finance product
valU, MAF partner on consumer finance: EFG Hermes’ buy-now-pay-later platform valU is partnering with Majid Al Futtaim (MAF) to introduce…
The government’s privatization plans are still getting attention on the airwaves
Still dominating airwaves yesterday: A leaked draft of the government’s ownership policy, whichoutlines the state’s plan to fully withdraw from…
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