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Manage episode 469788479 series 2987212
*Key news articles for today*
Arab leaders endorsed Egypt’s USD53 bn reconstruction plan for Gaza during yesterday’s emergency Arab League summit held in Cairo.
Net foreign reserves rose to USD47.4 bn at the end of February 2025, marking a USD129 mn increase from January.
Chinese companies are expected to invest USD2-3 bn in moving production to Egypt, particularly the Suez Canal Economic Zone (SCZone), as China looks to maintain export access to global markets amid trade pressures from the US.
OPEC+ decided to proceed with an earlier decision to gradually increase oil production from April in a move that will see it unwind long-standing output cuts.
An official revealed that the government has excluded Cairo International Airport from the list of airports that will be offered to the private sector for development, management and operation, and has decided to start with a small airport model, explaining that the International Finance Corporation will finish preparing the strategy for the airports’ within 3 months.
Egypt's trade deficit widened in December 2024 to record USD4.15 billion, up from USD3.67 billion in December 2023, on a faster pace of growth in imports compared to exports.
SUGR reported 4Q24 financial results with bottom-line of EGP290 million (+55% YoY, +8.1x QoQ). This brings FY24 bottom-line to EGP1,262 million (-21% YoY). SUGR is currently trading at FY25 P/E of 4.9x.
TAQA posted a 26% YoY growth in FY24 consolidated net profit to record EGP702.0 million. Revenues increased by 40% YoY to EGP18.9 billion in FY24.
EFIH (FV: EGP28.28, OW) announced that it is participating in the launch of Egypt’s first onshore private equity fund, C3 Capital Fund 1, the first-ever Private Investment in Public Equity (PIPE) fund in Egypt. The final close of the fund is expected to be EGP3.0 billion.
Pharma sales value increased by 54.7% YoY in the first month 2025 to record EGP21.5 bn, while sales volume recorded a modest 6.5% YoY increase.
1656 bölüm
Manage episode 469788479 series 2987212
*Key news articles for today*
Arab leaders endorsed Egypt’s USD53 bn reconstruction plan for Gaza during yesterday’s emergency Arab League summit held in Cairo.
Net foreign reserves rose to USD47.4 bn at the end of February 2025, marking a USD129 mn increase from January.
Chinese companies are expected to invest USD2-3 bn in moving production to Egypt, particularly the Suez Canal Economic Zone (SCZone), as China looks to maintain export access to global markets amid trade pressures from the US.
OPEC+ decided to proceed with an earlier decision to gradually increase oil production from April in a move that will see it unwind long-standing output cuts.
An official revealed that the government has excluded Cairo International Airport from the list of airports that will be offered to the private sector for development, management and operation, and has decided to start with a small airport model, explaining that the International Finance Corporation will finish preparing the strategy for the airports’ within 3 months.
Egypt's trade deficit widened in December 2024 to record USD4.15 billion, up from USD3.67 billion in December 2023, on a faster pace of growth in imports compared to exports.
SUGR reported 4Q24 financial results with bottom-line of EGP290 million (+55% YoY, +8.1x QoQ). This brings FY24 bottom-line to EGP1,262 million (-21% YoY). SUGR is currently trading at FY25 P/E of 4.9x.
TAQA posted a 26% YoY growth in FY24 consolidated net profit to record EGP702.0 million. Revenues increased by 40% YoY to EGP18.9 billion in FY24.
EFIH (FV: EGP28.28, OW) announced that it is participating in the launch of Egypt’s first onshore private equity fund, C3 Capital Fund 1, the first-ever Private Investment in Public Equity (PIPE) fund in Egypt. The final close of the fund is expected to be EGP3.0 billion.
Pharma sales value increased by 54.7% YoY in the first month 2025 to record EGP21.5 bn, while sales volume recorded a modest 6.5% YoY increase.
1656 bölüm
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