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Market roundup on 12 December 2021
The EGX30 rose 1.5% at today’s close on turnover of EGP 1.2 bn (14.2% below the 90-day average). Regional investors…
Inflows to EM bonds, equities slow + fretting over US inflation
MARKET WATCH- The last time US inflation was this high, Mubarak hadn’t completed the first year of his presidency: Consumer…
Abu Auf to step up international sales drive
EGX-bound healthy foods brand Abu Auf is looking to grow its export volume 30% in 2022, aiming to ramp up…
CI Capital’s Cleopatra bid gets regulatory approval
CI Capital’s bid to acquire 26.2% of Cleopatra Hospitals Group has received the greenlight from the Financial Regulatory Authority (FRA),…
Abu Qir raises EGP 2.25 bn in secondary offering
Abu Qir Fertilizers completed the sale of 10% of its shares for EGP 2.25 bn (c. USD 143 mn), according…
The market on 9 December 2021
The EGX30 rose 0.7% at today’s close on turnover of EGP 2.06 bn (31.9% above the 90-day average). Local investors…
Are we going to see a faster-than-expected taper?
Is the Fed set to press fast-forward on its stimulus wind-down? Economists expect the US Federal Reserve to taper its…
Last Night’s Talk Shows: Upskilling Egypt’s job market + the latest on the SFE’s projects
SMART POLICY- Leading coverage on last night’s talk shows: The government wants to upskill the labor market to stop robots…
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