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Fertiglobe shares jump 20% on ADX debut
Fertiglobe shares jumped 20% in theirADX debut yesterday before closing 17.6%higher at AED 3.06 per share. The joint venture between…
IFC signs agreement to improve women’s economic engagement
Egyptian women could have easier access to financing and investment thanks to an agreement the International Finance Corporation (IFC) signed…
E-Finance to IPO this fall
E-Finance, the state-owned fintech platform and digital payment infrastructure provider could become the second company to IPO on the EGX…
Evergrow to receive loan to restructure debts + Arkan Palm gets EGP 1.5 bn for Sheikh Zayed development
Evergrow is getting a loan to restructure its debts: A consortium of 12 banks led by Mashreq Bank and the…
Abu Qir net income up 30% in 2020-2021
Abu Qir Fertilizers’ net income rose 30% during FY2020-2021, clocking in at EGP 3.5 bn compared to EGP 2.7 bn…
Shocking nobody, Kima needs to restructure its debts
The Egyptian Chemical Industries (Kima) is in talks with a syndicate of six local banks to restructure EGP 6.8 bn…
TMG says it’s not doing another JV with banks + ABUK net income up
FACT CHECK- Talaat Moustafa Group (TMG) says it hasn’t established a new real estate joint venture, dubbed Rawasi, with the…
What the markets are doing on 27 April 2021
The slow vaccine rollout in the developing world is holding back emerging-market stocks: The gap between developed and emerging markets…
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