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Eastern Company goes up 3.5% on tobacco price increase announcement
The EGX30 rose 1.6% at today’s close on turnover of EGP 1.89 bn (36.2% above the 90-day average). Foreign investors…
Oil prices resume their advance, hit 2.5-year high
US oil hit its highest price in more than two-and-a-half years yesterday as the International Energy Agency warned of an…
Bank ABC launches Blom MTO
Bahrain’s Bank ABC has submitted a mandatory tender offer to acquire up to 100% of Blom Bank Egypt, the Financial…
THIS MORNING: Four days off next week; EGX election day; Irrigation minister in DRC; Hariri to meet Shoukry in Cairo today; US inflation spikes.
GOOD NEWS- We’re officially getting a four-day vacation: Government agencies and public sector companies will receive a four-day break next…
CI Capital board gives Banque Misr preliminary approval for Souhoola majority stake purchase
CI Capital’s board gives initial nod to the sale of a controlling stake in Souhoola to Banque Misr. The board…
EGX-listed companies + NBFS players will face mandatory ESG disclosures
Mandatory ESG reporting requirements are coming for EGX-listed companies and just about all NBFS players under a decree issued by…
Oil supply looks like it will remain tight through August
Oil supply looks like it will remain tight through August: Saudi Arabia and the UAE have both fixed supply volumes…
CIB net income up 24% in 2Q
CIB’s net income rose 24% y-o-y in 2Q2021, reaching EGP 3.21 bn from EGP 2.6 bn in the same period…
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