• Thursday, 9 April 2020

    Dana Gas confirms its review of potential Egypt asset sale is behind schedule

    M&A WATCH- Dana Gas confirms its review of potential Egypt asset sale is behind schedule: Dana Gas is still moving head with its review of whether it will sell its onshore and offshore Egypt assets, but the process has been...
  • Monday, 6 April 2020

    What we’re tracking on 6 April 2020

    Egypt’s PMI figures for March are out and, well, they could have been worse. With output at three-year lows and exports falling to the lowest point in seven years, it doesn’t make particularly great reading. But a glance across the...
  • Sunday, 5 April 2020

    Dana Gas delays its decision on Egypt asset sale on covid fears

      Dana Gas has postponed its decision on whether it will sell its Egypt assets because of the global covid-induced market turmoil, Reuters reports, citing two unnamed sources close to the talks. Plunging oil prices probably haven’t helped matters. The...
  • Sunday, 5 April 2020

    What we’re tracking on 5 April 2020

    The Central Bank of Egypt left interest rates unchanged on Thursday after delivering an emergency 300 bps cut last month to contain the fallout from the covid-19 pandemic. The Monetary Policy Committee’s Thursday decision was in line with expectations from...
  • Wednesday, 1 April 2020

    What we’re tracking on 01 April 2020

    Can you believe it’s the first day of 2Q2020? Our heads are still spinning over here. Ten of 11 analysts in our Enterprise interest rate poll see the CBE leaving rates on hold when its monetary policy committee meets tomorrow....
  • Sunday, 29 March 2020

    What we’re tracking on 29 March 2020

    Wait, you mean the sell-off is over? US markets entered and exited bear market territory (defined as 20% off a recent peak) in record time. Insider buying and buybacks suggest there are at least a few people out there (including...
  • Thursday, 19 March 2020

    What we’re tracking on 19 March 2020

    We were going to rejoice that it is Thursday, but then we remembered that flights into and out of Egypt are suspended as of 12 noon today for a two-week period. The Madbouly government has said it will make sure...
  • Tuesday, 17 March 2020

    What we’re tracking on 17 March 2020

    The Central Bank of Egypt slashed interest rates 300 bps in a surprise move yesterday evening — the same day that global markets plunged (the Dow was off 13% and the EGX fell a bit more than 7%), volatility hit...
  • Thursday, 12 March 2020

    Covid-19 tops coverage

    Covid-19 and its impact on Egypt as well as cases that trace their origins there continue to dominate the conversation on Egypt in the foreign press.

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