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What the markets are doing on 21 January 2021
Earnings season continues in the US of A: Morgan Stanley has its best year ever in 2020 after profits grew…
Premium International closes EGP 170 mn securitized bond issuance
Consumer finance firm Premium International closed the fourth single-tranche EGP 170 mn tranche of its EGP 2 bn short-term securitized…
e-Finance going to market in 1H?
State-owned payments platform e-Finance looks to be reviving its planned IPO, tapping auditors BDO as an independent financial consultant to…
What the markets are doing on 20 January 2021
Earnings season is kicking into high gear in the US: Goldman Sachs’ bottomline more than doubled y-o-y to USD 4.5…
EFG was busy last year
EFG Hermes topped brokerage league tables in Egypt, Dubai, Kenya and Kuwait in 2020, according to a press release (pdf).…
Public still > private, Reuters says
Egyptian state-owned companies are “eclipsing” the private sector despite IMF-backed structural reforms designed to reorientate the economy toward private sector…
What the markets are doing on 19 January 2021
China smashed 2020: China’s economy is growing at a faster rate than before covid, expanding 6.5% and marking the highest…
Giza Spinning postpones IPO + shut up about Egyptian Iron and Steel, already
Giza Spinning is shelving its planned IPO until at least 1Q2022 due to covid-19, but will reassess the timeline again…
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