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Qalaa confirms preliminary talks to sell RVR, says nothing is concluded
M&A UPDATE- Qalaa confirms it is in talks to sell RVR. Qalaa Holdings confirmed on Thursday “that preliminary negotiations are…
Speed Round
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EFG Hermes’ Vortex to acquire 365 MW solar energy portfolio in UK at EV of EGP 470 mn.
M&A UPDATE- EFG Hermes unit in GBP 470 mn solar acquisition in United Kingdom. Vortex, EFG Hermes’ European renewable energy…
EGX30 hits another all-time high, rising to 12,824
The EGX30 hit another all-time high on Thursday, rising 1.71% to 12,824.32. We have more in By the Numbers, below.
Egypt’s eurobond faces competition from Brazil, Nigeria, Honduras, among others
Egypt’s eurobond issuance faces competition. Quoth the Financial Times: “Patrick Esteruelas, head of research at EMSO Asset Management in New…
Egypt is one of five global emerging / frontier markets Citi’s clients think will do well this year
Egypt is one of five global emerging / frontier markets Citi’s clients think will do well this year, the Wall…
EGP expected to appreciate 14% this year -The Economist
The EGP is among 12 currencies expected to appreciate against the USD in 2017, Economist Intelligence Unit chief economist Simon…
CBE reserves end 2016 at USD 24.3 bn
The Central Bank of Egypt had reserves totaling USD 24.3 bn at the end of 2016, after adding USD 1.2…
Pharma producers reportedly refuse chronic disease-treatment classification, demand price increases across the board
International pharma producers have reportedly refused the government’s proposal to only increase prices medications for non-chronic diseases, Al Mal reported.…
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