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EGX to change its closing price mechanism
Major changes to the EGX coming this fall: The board of the EGX has approved a slew of changes meant…
US crude continues to climb while OPEC+ oil production hits 15 month peak
The price of US crude rose for the fourth month in a row in July as demand continued to rise…
EM stocks give up 2021 gains on China fears
EM stocks give up 2021 gains on China fears: The MSCI Emerging Markets Index fell 2.4% on Monday, erasing 2021…
EGX30 barely in the green in today’s trading
The EGX30 rose less than 0.1% at today’s close on turnover of EGP 2.12 bn (42.1% above the 90-day average).…
EGX30 change-up next week
Six companies will become constituents of the EGX30 when the latest rebalancing of the benchmark index takes effect on Sunday,…
Swvl to go public through merger with US SPAC
Mass transportation startup Swvl could soon go public through a merger with US SPAC Queen’s Gambit Growth Capital, the Wall…
Global recovery uncertain as vaccine divide widens -IMF
IMF warns of “lopsided” global recovery over vaccine inequity: Unequal access to covid-19 vaccines are widening the recovery gap between…
Sodic closes EGP 343 mn securitized bond sale
Upmarket developer SODIC has closed a EGP 343 mn securitized bond sale backed by a receivables portfolio of nearly EGP…
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