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Planet Finance: Aramco plots record USD 50 bn offering + Turkish inflation nears 50% in January
Aramco plots largest share sale ever: Saudi Aramco is in discussions to sell as much as a USD 50 bn…
EFG Hermes Corp-Solutions plans to take out EGP 2 bn in loans this year
EFG Hermes Corp-Solutions is negotiating with banks to borrow EGP 2 bn in 2022, CEO Talal Elayat told Al Mal…
Macro Group sees strong demand from retail investors ahead of IPO
The retail component of Macro Group Pharma’s IPO was 6.49x oversubscribed at the close of Thursday’s trading session, Amwal Al…
Swvl receives funding boost ahead of Nasdaq SPAC merger + Anghami starts trading
The EBRD is backing Swvl ahead of Nasdaq debut: Egypt-born, UAE-based mass transit app Swvl has new investors on board…
Market roundup on 3 February
The EGX30 fell 0.5% at today’s close on turnover of EGP 656 mn (39.5% below the 90-day average). Regional investors…
THIS EVENING: Macro Group prices IPO + PMI contracts at a faster pace in January + ALSO: El Sisi heads to the Beijing Winter Olympics
Happy Thursday, wonderful people. It’s a busy afternoon as we hurtle towards the weekend (and the nearest TV to watch…
Meta comes back to earth after shedding users for the first time
EARNINGS WATCH- Weak Q4 drags Meta back to reality: Shares in Facebook’s parent company plummeted more than 20% in after-hours…
PayTabs, ValU team up with Mazadat on e-payments + NBK Egypt completes share buyback ahead of delisting
EFG Hermes’ subsidiaries PayTabs and valU have partnered with X2C online auction and e-commerce platform Mazadat to give its customers…
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