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Speed Medical’s FRA lawsuits suspended as it mounts appeal
Speed Medical (SPMD) appeals FRA lawsuits, to be reviewed on 11 June: Speed Medical said (pdf) yesterday that a Cairo…
Capital markets
Abu Dhabi sovereign fund confirms blockbuster EGX stake buys + Could Abu Auf be next in line for ADX investment?
ADQ speaks on EGX acquisitions: Abu Dhabi wealth fund ADQ has confirmed its acquisition of stakes in five EGX-listed companies…
Raya Holding won’t distribute 2021 dividends
MARKET NEWS- Raya Holding will not be distributing dividends to shareholders for the year ending on 31 December 2021, the…
Dubai becomes a top-five IPO destination as DEWA shares soar on debut
DEWA shares surge on debut: The Dubai Electricity and Water Authority’s (DEWA) shares jumped as much as 23% on their…
Egyptians can visit Bulgaria with no covid paperwork + FRA joins financial literacy group
Fancy a trip to Bulgaria? It’s now sans-covid paperwork. Starting today travelers arriving to Bulgaria from Egypt no longer have…
Telecom Egypt to hand out dividends this month + QNB AlAhli reports 12% y-o-y rise in bottomline
MARKET NEWS- QNB Alahli’s bottom line increased 12% y-o-y in 1Q2022 to EGP 2.21 bn, according to the bank’s earnings…
Earnings season will reveal who is most exposed to inflation
The coming earnings season — like so much these days — will be all about inflation, according to the Wall…
AAIL eyes a securitization this year + plans to launch a factoring arm
Arab African International Leasing (AAIL) plans to issue securitized bonds worth EGP 500-600 mn by the end of 2023, Chairman…
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