Today’s Top News & Analysis
Foreign investor's appetite in Egypt's debt increased again
Egypt grants AD Ports three tourism terminals
The Chinese Cosco Shipping to invest USD375mn in Egypt
Electricity blackouts are rolled out through Eid
MACRO
Foreign investor's appetite in Egypt's debt increased again
By the end of March, the foreign investor's account in Egypt's debt increased to EGP1.5tn or equivalent to USD33mn vs. EGP421bn or equivalent to USD14mn in February. (Asharq Business)
Egypt grants AD Ports three tourism terminals
Egypt has signed a development, management, and operating agreement with AD Ports for three tourism terminals with total investments of USD35mn. (Asharq Business)
The Chinese Cosco Shipping to invest USD375mn in Egypt
Sources said that the Chinese logistics group, Cosco Shipping will invest USD375mn in Egypt through 2024 aiming to raise its container capacity at different Egyptian ports. (Enterprise)
Electricity blackouts are rolled out through Eid
Sources said that the government plans to roll out the electricity blackouts through the Eid vacation, starting today. This news was not stated by any government official yet. (Enterprise)
MARKETS PERFORMANCE
Key Dates
13-Jun-24
HELI: Cash dividend / Payment date for a dividend of EGP1.34/Share.
23-Jun-24
EGTS: OGM / Approving financial statements ending 31 Dec. 2023.
AIH: Stock dividend / Last date for eligibility for a 0.099-for-1 stock dividend.
24-Jun-24
AIH: Stock dividend / Date for distributing a 0.099 for-1 stock dividend.
BTFH: EGM / Amending Article No. 4 of the company's bylaws.
ELSH: Cash dividend / Deadline for eligibility for a dividend of EGP0.15/Share.
RMDA: Cash dividend / Deadline for eligibility for a dividend of EGP0.067/Share.
27-Jun-24
ELSH: Cash dividend / Payment date for a dividend of EGP0.075/Share (1st installment)
RMDA: Cash dividend / Payment date for a dividend of EGP0.020/Share (1st installment)
30-Jun-24
HELI: Cash dividend / Payment date for a dividend of EGP0.07/share (3rd installment).