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HHD’s losses widen + Arafa’s earnings fall 81% in 3Q2021
MARKET NEWS- Heliopolis Housing and Development Company’s (HHD) losses widened to EGP 75.2 mn in 3Q2021, falling 82% y-o-y, according…
More doom and gloom for EMs going into the new year
The case for investing in emerging market currencies into the new year is darkening, despite expectations for a surge in…
Chimera Capital reaches final close on its first VC fund
Our friends at Abu Dhabi fund manager Chimera Capital have hit final close on their first venture capital fund at…
EFG Hermes subsidiary closes third tranche of its bond program
Hermes Securities Brokerage (HSB) has closed a EGP 550 mn securitized bond issuance managed by EFG Hermes, according to a…
Market roundup on 13 December
The EGX30 fell less than 0.1% at today’s close on turnover of EGP 1.23 bn (11.7% below the 90-day average).…
The supply chain crisis is a roadblock in Santa’s way + Deepfake tech blurs the line between reality and fantasy
US stock buybacks hit a new quarterly record in 3Q2021 in a huge reversal from 2020 which saw repurchases plunge…
Gulf equity boom isn’t going anywhere
The Gulf stock boom shows no signs of slowing next year, Bloomberg reports, citing fund managers and strategists. Gulf stocks…
EGX sets timeline for CI Capital’s bid on Cleopatra shares
Subscription for CI Capital’s bid for a chunk of Cleopatra Hospitals kicks off today: Cleopatra Hospital Group shareholders have until…
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