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What the markets are doing on 26 April 2021
Higher crude prices won't give Big Oil its swagger back: Although the recent recovery of Brent crude prices is helping…
Evergrow mulls offering 40% stake in IPO
Egyptian fertilizer company Evergrow plans to offer a 40% stake in an IPO on the EGX in 2023, Chairman Mohamed…
The market on 25 April 2021
The EGX30 ended today’s session flat on turnover of EGP 892 mn (31.5% below the 90-day average). Regional investors were…
UAE’s Dana Gas walks back on plans to offload Egypt assets
Sale of Dana Gas’ Egyptian assets breaks down: Abu Dhabi-listed energy producer Dana Gas has canceled plans to sell its…
What the markets are doing on 25 April 2021
It’s a big earnings week stateside this week: More than a third of the S&P500’s constituents are set to report…
Also on our Radar on 25 April 2021
EFG Hermes Corp Solutions has received some EGP 500 mn-worth of loan requests from brokerages looking to finance margin trades…
The market on 22 April 2021
The EGX30 fell 0.4% at today’s close on turnover of EGP 923 mn (29.6% below the 90-day average). Foreign investors…
What the markets are doing on 22 April 2021
Abu Dhabi is considering selling a 10% stake in power distributor TAQA as it attempts to attract international investment for…
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