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Latest articles in Egypt

Africa to receive its first batch of 400mn doses of J&J vaccines

FX markets watched the ECB closely, taking in comments by the ECB President Christine Lagarde before making a further call on the outlook for the dollar. It is also instructive to note that the cash price of copper over its 3m equivalent has widened ...
ETM Analytics Kieran
Kieran Siney @ ETM Analytics 23 July 2021

African sovereigns to take advantage of strong demand for social bonds

The FX markets have seen a strong rotation to the traditional safe haven currencies over the past 24 hours as the market focuses squarely on the risks associated with the rising Delta COVID-19 variant cases across the globe. Note that Kenya’s public ...
ETM Analytics Kieran
Kieran Siney @ ETM Analytics 20 July 2021

Cairo Investment and Real Estate Development: 3QFY21| Higher education enrolments lead to exceptional performance

CIRA recorded an exceptional topline of EGP511 million in 3QFY20/21 (+31.5% QoQ and 57.2% YoY), 24% higher than our expectations of EGP412 million. K-12 revenues for the 9MFY21 amounted to EGP542 million, up 6.5% YoY as the increase in tuition fees (...
Pharos Holding Martina
Martina Bernaba @ Pharos Holding 15 July 2021

QNB Alahli: 2Q21 – Quarterly earnings in line with estimates on healthy revenue growth

QNBA 2Q21net profit pre-minority interest and appropriations recorded EGP2.13 billion (+8% q/q, +8% y/y), which is 3% higher than our estimates of EGP2.07 billion. NIM grew by 12 bps q/q to record 5.4% as net interest income expanded (+6% q/q, 5% y/y...
Pharos Holding Dalia
Dalia Bonna @ Pharos Holding 13 July 2021

CIB: 2Q21 – Strong quarter on lower provisions; Corporate lending picks up

CIB 2Q21 net profit recorded a strong EGP3.2 billion (+12% q/q, +24% y/y) and 7% higher than our estimates for the quarter of EGP3.0 billion, bringing 1H21 bottom line to EGP6.1 billion. Operating income remained broadly stable annually and sequentia...
Pharos Holding Dalia
Dalia Bonna @ Pharos Holding 13 July 2021

Egypt announces privatisation programme – likely vehicle to deepen ties with UAE

Egypt’s Financial Regulation Authority announced on 29 June that the government would start a programme of initial public offerings of state-owned companies in September 2021. This makes a public flotation harder to achieve, instead favouring trade s...
IHS Markit IHS Markit
IHS Markit Analyst @ IHS Markit 9 July 2021
Egypt announces privatisation programme – likely vehicle to deepen ties with UAE
Egypt announces privatisation programme – likely vehicle to deepen ties with UAE