• Wednesday, 16 November 2022

    Empower climbs 2.3% on trading debut + Wow, is FTX a mess…

    Empower rises on Dubai debut: Shares of Dubai’s district cooling provider, Empower, rose 2.3% on their debut on the Dubai stock exchange yesterday. The company recently raised AED 2.7 bn (USD 724 mn) in an IPO that saw huge demand...
  • Monday, 7 November 2022

    Berkshire turns in mixed results + global food prices hold steady

    Another mixed set of results for Berkshire Hathaway: The Warren Buffett-led conglomerate posted a USD 2.7 bn loss in 3Q 2022, compared to profits of USD 10.3 bn during the same period last year, according to its quarterly earnings (pdf),...
  • Tuesday, 4 May 2021

    What the markets are doing on 4 May 2021

    The US and Eurozone could return to pre-covid growth levels by the end of 2021, economists said, revising growth forecasts upwards after recently released figures showed stronger resilience than previously expected, the Financial Times reports. Previous IMF forecasts predicted a...
  • Monday, 1 March 2021

    What we’re tracking on 1 March 2021

    Welcome to March, ladies and gentlemen. It’s the start of a new month, and we are cautiously optimistic that good things are coming as the country’s vaccination program begins to open up to non-medical personnel.Speaking of which: The Health Ministry...
  • Thursday, 18 February 2021

    What we’re tracking on 17 February 2021

    Good morning, nice people. We’ve made it through another workweek together.THE BIG STORY here at home on this fine Thursday: What are the big investment stories in Egypt right now? Healthcare, education and infrastructure? Absolutely. But we’d add to that...
  • Sunday, 3 May 2020

    What we’re tracking on 3 May 2020

    Welcome to the month of May, ladies and gentlemen. Pandemic or not, we’re sprinting toward summer and … staycations? It’s budget week at the House of Representatives: The finance and planning ministers will present today the FY2020-2021 state budget to...
  • Sunday, 4 August 2019

    What we’re tracking on 4 August 2019

    It’s official, folks: Eid Al Adha falls this Sunday. Dar Al Iftaa announced on Thursday that the first day of Eid Al Adha will be Sunday, 11 August. This sets us working people up for a five-day break (Friday-Tuesday). We...

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