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US stocks have best week since November 2020
US stocks had their best week since November 2020 last week following US-China talks on Ukraine and as the oil…
Delemar Aluminum to invest EGP 750 mn in new factory, eyes IPO in 2023
Delemar Aluminum is investing EGP 750 mn in a new factory in Sadat City, with an eye to begin construction…
Al Ahly Leasing closes its first securitized bond issuance
Al Ahly Pharos closed a EGP 747.5 mn securitized bond issuance on behalf of the National Bank of Egypt’s (NBE)…
2021 a “historic year” for MENA IPOs, says EY
MENA exchanges saw an “unprecedented surge” in stock market debuts in 2021, with a record 21 companies completing IPOs in…
Market roundup on 17 March 2022
The EGX30 rose 0.2% at today’s close on turnover of EGP 1.4 bn (34% above the 90-day average). Foreign investors…
Chinese shares have best day since ‘08 after officials signal support
Chinese shares skyrocket after officials make pro-market pledges: Chinese markets had a massive day yesterday, with US-listed shares soaring and…
Misr Life IPO could go ahead in October
Misr Life Ins. IPO to go ahead in October? State-owned Misr Ins. Holding (MIH) will float 25% of its life…
OFH incurs net loss of EGP 102.1 mn in first 13 months
EARNINGS WATCH- Orascom Financial Holding’s (OFH) incurred a net loss of EGP 102.1 mn in the 13-month period since its…
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