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What the markets are doing on 19 April 2021
Social audio app Clubhouse locked down an unspecified investment in a series C funding round, bringing the company’s value to…
The market on 18 April 2021
The EGX30 rose 2.1% at today’s close on turnover of EGP 460 mn (65.9% below the 90-day average). Local investors…
What the markets are doing on 18 April 2021
US banks’ earnings season is still going strong: Bank of America reported stronger-than-expected earnings in 1Q2021, with its net income…
Taaleem net income up 17% in 1H FY2020-2021
Higher education outfit Taaleem reported EGP 129.6 mn in net income during 1H FY2020-2021, rising 17.5% y-o-y from the year…
Al Ahly takes lion’s share of Egypt’s mortgage finance market
Al Ahly Mortgage Finance accounted for 34.4% of the country’s mortgage finance market in January and February 2021, with EGP…
What the markets are doing on 15 April 2021
Coinbase shares closed at USD 328.28 on their debut on the Nasdaq yesterday, 31% higher than their USD 250 reference…
The market on 14 April 2021
The EGX30 fell 1.9% at today’s close on turnover of EGP 975 mn (28.4% above the 90-day average). Foreign investors…
EFG board greenlights Arab Investment Bank acquisition
EFG Hermes and the Sovereign Fund of Egypt are getting closer to acquiring a combined 76% stake in the Arab…
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