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US share rally ends after hopes for Ukraine peace talks fade
Has the bear-market rally run out of steam? US shares ended a five-day run of gains yesterday as hopes for…
Coffee With: Contact Financial Holding CFO Ayman Elsawy
Coffee with Ayman Elsawy, CFO of Contact Financial Holding: Egypt’s debt market has matured at warp speed in recent years,…
Swvl to debut on the Nasdaq today after SPAC merger approved
Swvl is making its landmark Nasdaq debut today: Shares in Egypt-born, UAE-based mass transit app Swvl will start trading on…
National Bank of Egypt ups stake in Fawry — is a stake sale to ADQ next?
Another state-owned bank appears to have just bought a chunk of Fawry, likely setting up the sale of the government-controlled…
THIS MORNING: Maait meets with IMF head + European countries are preparing to ration gas as Russia standoff continues
Well, friends, we’ve made it through another workweek together — and we now have just two more days left until…
Earnings watch: MM Group
EARNINGS WATCH- MM Group’s bottom line rose 1.3% y-o-y to EGP 375.46 mn in 2021, according to the company’s financials…
LuLu plots UAE IPO next year
Middle East supermarket giant Lulu Group International could IPO in the UAE next year, Bloomberg reports, citing people familiar with…
Arabia Investments wins appeal in years-long lawsuit against Peugeot
A Cairo court has upheld Arabia Investments Holding’s appeal in its years-long EUR 150 mn lawsuit against Peugeot, filed in…
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