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The market on 15 March 2021
The EGX30 fell 0.6% at today’s close on turnover of EGP 1.1 bn (25.6% below the 90-day average). Regional investors…
GSK Egypt rejects Acdima’s bid to start due diligence, closing the door to a sale
GlaxoSmithKline Egypt’s board of directors has rejected a request submitted by Acdima to start due diligence on the company, GSK…
Last Night’s Talk Shows on 15 March 2021
The Central Bank of Egypt’s new mortgage lending initiative was the talk of the town on the airwaves last night.…
USD 2.5 bn of Saudi investment in five years + Meamar launches healthcare unit
Sharbatly Group pouring USD 2.5 bn into Egypt? Saudi investor Hassan Sharbatly plans to invest some USD 2.5 bn in…
The reckoning is near
All 3.16 mn building code violations across the country are on track to be settled with the government by the…
Are we getting 30-year, 3% mortgages?
Low- and middle-income earners will have access to EGP 100 bn-worth of subsidized mortgages, courtesy of the Central Bank of…
UAE’s Aldar makes offer for majority stake in Sodic
The UAE’s Aldar wants a controlling stake in Sodic: Emirati real estate firm Aldar Properties has submitted a non-binding offer…
Test, test …
It’s time for trial operations to begin at the new administrative capital ahead of its inauguration before 2022. Up first:…
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