Today’s Top News & Analysis
The government raised fuel prices by 10-15%
Egypt studies purchasing a regasification vessel in partnership with Jordan
MACRO
The government raised fuel prices by 10-15%
The Egyptian government raised fuel prices across all segments in the weekend between 10-15%:
· 95-Octane raised by 11% to EGP15/liter.
· 92-Octane raised by 10% to EGP13.75/liter.
· 80-Octane raised by 11% to EGP12.25/liter.
· Diesel was raised the most by 15% to EGP11.5/liter.
· Industrial mazut raised by 13.3% to EGP8,500/ton. (Enterprise)
Egypt studies purchasing a regasification vessel in partnership with Jordan
Sources said the Egyptian government is studying the purchase of a regasification vessel in partnership with Jordan to serve the importing needs of both countries. (Asharq Business)
MARKETS PERFORMANCE
Key Dates
28-Jul-24
EGBE: Stock dividend / Last date for eligibility for a 0.021-for-1 stock dividend.
29-Jul-24
EGBE: Stock dividend / Date for distributing a 0.021 for-1 stock dividend.
31-Jul-24
TMGH: Cash dividend / Payment date for a dividend of EGP0.11/Share (2nd installment)
ACAMD: EGM / Amending Article No. 21 of the company's bylaws.
MTIE: Stock dividend / Last date for eligibility for a 0.25-for-1 stock dividend.
1-Aug-24
MTIE: Stock dividend / Date for distributing a 0.25 for-1 stock dividend.
5-Aug-24
Egypt PMI / July 2024 reading.
MPRC: Cash dividend / Deadline for eligibility for a dividend of EGP0.50/Share.
8-Aug-24
MPRC: Cash dividend / Payment date for a dividend of EGP0.50/Share.
11-Aug-24
MCQE: EGM / Amending Article No. 3 of the company's bylaws.
12-Aug-24
MSCI / MSCI's August 2024 Quarterly Index Review Announcement.
14-Aug-24
ICLE: EGM / Amending Article No. 3 of the company's bylaws.
17-Aug-24
MFPC: OGM / Considering distributing cash dividends.
18-Aug-24
OFH: OGM / A board reshuffle.
20-Aug-24
ACGC: EGM / Amending some Articles of the company's bylaws.
29-Aug-24
PHAR: Cash dividend / Payment date for a dividend of EGP1.00/share (2nd installment).
29-Aug-24
ZMID: Cash dividend / Payment date for a dividend of EGP0.10/Share (2nd installment)