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OFH’s 3Q2021 net income reaches EGP 17.9 mn
EARNINGS WATCH- Orascom Financial Holding’s net income came in at EGP 17.9 mn in 3Q2021, with net earnings of EGP…
We still don’t know if Ezz Steel is acquiring a stake in Egyptian Steel
MARKET NEWS- Ezz Steel’s alleged acquisition of a stake in Egyptian Steel is still unconfirmed: Early reports that Ezz Steel…
Odin to split into two companies + Raya acquires additional stake in Polish pasta maker
MARKET NEWS- Odin Investments will spin off its operations into two companies after receiving approval from the EGX’s Listing Committee…
Market roundup on 24 November
The EGX30 fell 0.2% at today’s close on turnover of EGP 897 mn (38.5% below the 90-day average). Local investors…
Mopco sees 171% y-o-y increase in bottom line in 3Q2021
EARNINGS WATCH- Misr Fertilizers Production Company (Mopco) reported a 171% y-o-y increase in its bottom line in 3Q2021 to EGP…
SPAC me, the regs are out
We’re one step closer to Egyptian SPACs after the Financial Regulatory Authority (FRA) yesterday issued the rulesand regulations (pdf) for…
THIS MORNING: e-Finance shares up almost 32% in first month’s trading; Covid, Fed uncertainty unnerves markets; Veteran actress Soheir El Bably dies, aged 86; Sudan’s Hamdok returns, protests continue.
Good morning, wonderful people, and welcome to a brisk-but-not-overwhelming news day, where the big story is the Financial Regulatory Authority’s…
Market roundup on 21 November
The EGX30 fell 0.6% at today’s close on turnover of EGP 547.6 mn (62.7% below the 90-day average). Local investors…
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