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Вміст надано Al Ahly Pharos. Весь вміст подкастів, включаючи епізоди, графіку та описи подкастів, завантажується та надається безпосередньо компанією Al Ahly Pharos або його партнером по платформі подкастів. Якщо ви вважаєте, що хтось використовує ваш захищений авторським правом твір без вашого дозволу, ви можете виконати процедуру, описану тут https://uk.player.fm/legal.
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Pre-Trading Thoughts

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Manage episode 463689105 series 2987212
Вміст надано Al Ahly Pharos. Весь вміст подкастів, включаючи епізоди, графіку та описи подкастів, завантажується та надається безпосередньо компанією Al Ahly Pharos або його партнером по платформі подкастів. Якщо ви вважаєте, що хтось використовує ваш захищений авторським правом твір без вашого дозволу, ви можете виконати процедуру, описану тут https://uk.player.fm/legal.

*Key news articles for today*

Egypt has officially returned to international debt markets with its first USD bond issuance in nearly two years, issuing USD 2 bn in 5- and 8-year bonds.

Global outsourcing giant Concentrix will invest USD 1 bn over the next four years to expand its operations in Egypt under an MoU inked with the Information Technology Industry Development Agency (ITIDA). The company create 16k jobs and increase its total workforce to 35k employees by 2028.

Egypt plans to reintroduce its USD 2.3 bn pumped storage hydropower project at Ataka Mountain to investors after the offer was withdrawn from China's SinoHydro due to funding issues.

Turkish companies are expected to invest at least USD 300 mn in Egypt in 2025. Turkish clothing firm Eroglu Holding plans to invest additional USD 120 mn in the Qantara West Industrial Zone.

The Prime Minister said during the first meeting with newly formed private sector advisory committees that the Egyptian economy has strong opportunities to achieve growth of 5.5% until 2026, despite expectations from international financial institutions to achieve growth at a level of 4.5%.

The House of Representatives approved a USD500 million financing agreement provided by the International Bank for Reconstruction and Development to implement the strengthening resilience and prosperity program.

British and US ships cautiously returned to the Red Sea after Yemen's Houthi group pledged to stop attacks on the two countries' vessels, suggesting that Suez Canal traffic could resume. Six ships linked to the US and UK had successfully transited the area without being attacked since January 19.

ESRS general assembly approved the voluntary delisting of the Company's shares from the Egyptian Stock Exchange (EGX) and the purchase of shares from objecting shareholders or from shareholders unwilling to remain with the Company after delisting, as well as the purchase of the shares underlying the Global Depositary Receipts (GDRs) listed on the London Stock Exchange (LSE) at a price of EGP138.15 per share, as stated in the report of the IFA (BDO), which was disclosed on 13 January 2025.

A transaction on 16.006 million HRHO's shares, worth EGP121.5 million, was executed as part of the transfer of ownership of shares for the reward and incentive system.

CICH intends to launch its new multi-issue "Sector" Fund early next February. The company announced yesterday the closing of subscription for its multi-issue "Sector" Fund.

Suez Canal Economic Zone announced that the beginning of the trial operations at the Suez Canal Container Terminal’s facilities in East Port Said is next April. The expansion will increase the capacity from 5 million to 7 million TEUs annually.

  continue reading

1618 епізодів

Artwork
iconПоширити
 
Manage episode 463689105 series 2987212
Вміст надано Al Ahly Pharos. Весь вміст подкастів, включаючи епізоди, графіку та описи подкастів, завантажується та надається безпосередньо компанією Al Ahly Pharos або його партнером по платформі подкастів. Якщо ви вважаєте, що хтось використовує ваш захищений авторським правом твір без вашого дозволу, ви можете виконати процедуру, описану тут https://uk.player.fm/legal.

*Key news articles for today*

Egypt has officially returned to international debt markets with its first USD bond issuance in nearly two years, issuing USD 2 bn in 5- and 8-year bonds.

Global outsourcing giant Concentrix will invest USD 1 bn over the next four years to expand its operations in Egypt under an MoU inked with the Information Technology Industry Development Agency (ITIDA). The company create 16k jobs and increase its total workforce to 35k employees by 2028.

Egypt plans to reintroduce its USD 2.3 bn pumped storage hydropower project at Ataka Mountain to investors after the offer was withdrawn from China's SinoHydro due to funding issues.

Turkish companies are expected to invest at least USD 300 mn in Egypt in 2025. Turkish clothing firm Eroglu Holding plans to invest additional USD 120 mn in the Qantara West Industrial Zone.

The Prime Minister said during the first meeting with newly formed private sector advisory committees that the Egyptian economy has strong opportunities to achieve growth of 5.5% until 2026, despite expectations from international financial institutions to achieve growth at a level of 4.5%.

The House of Representatives approved a USD500 million financing agreement provided by the International Bank for Reconstruction and Development to implement the strengthening resilience and prosperity program.

British and US ships cautiously returned to the Red Sea after Yemen's Houthi group pledged to stop attacks on the two countries' vessels, suggesting that Suez Canal traffic could resume. Six ships linked to the US and UK had successfully transited the area without being attacked since January 19.

ESRS general assembly approved the voluntary delisting of the Company's shares from the Egyptian Stock Exchange (EGX) and the purchase of shares from objecting shareholders or from shareholders unwilling to remain with the Company after delisting, as well as the purchase of the shares underlying the Global Depositary Receipts (GDRs) listed on the London Stock Exchange (LSE) at a price of EGP138.15 per share, as stated in the report of the IFA (BDO), which was disclosed on 13 January 2025.

A transaction on 16.006 million HRHO's shares, worth EGP121.5 million, was executed as part of the transfer of ownership of shares for the reward and incentive system.

CICH intends to launch its new multi-issue "Sector" Fund early next February. The company announced yesterday the closing of subscription for its multi-issue "Sector" Fund.

Suez Canal Economic Zone announced that the beginning of the trial operations at the Suez Canal Container Terminal’s facilities in East Port Said is next April. The expansion will increase the capacity from 5 million to 7 million TEUs annually.

  continue reading

1618 епізодів

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