Al Ahly Pharos

Market Overview  EMFD AUTO Prepared by: Mayada Amin- CETA, CFTe

-Global markets under pressure; Yield on US 10-year treasuries high; Expectations for higher rates move investors out of equities -MPs will draft a new legislation aiming to postpone capital gains tax on EGX transactions -Italy allows travel to Sharm El Sheikh and Marsa Alam without quarantine on return -PIOH to split stock into three as of October 11 -Asmak to raise stake in PORT to 25-33%; Might...

Market Overview  Prepared by: Mayada Amin - CETA, CFTe

-Yields on US 10-year treasuries climbed to three-month highs -Oil prices rose on Monday for a fifth straight day, Brent futures USD80.03/bbl -Iron ore 65% recorded USD185/ton (+43% WoW); Steel/Iron Ore spreads at USD393 (-18% WoW) -Five companies are ready for public offering under the government IPO program; ABUK's valuation has been updated; ALCN excluded -Sovereign Fund, Hassan Allam and...

Market Overview  TMGH EAST MFPC EGCH OIH Prepared by: Mayada Amin - CETA, CFTe

- Slowdown in China will hit emerging markets and commodity prices -CBE to issue mobile contactless payment licenses, supports digitalization and to reduce reliance on cash -CBE to launch a digital platform for supporting small and medium enterprises and start-up companies -FRA is working on law to govern nano-finance, crowdfunding, robo-advisory and insurtech -CBE is finalizing reised leverage ra...

Market Overview  COMI ETEL HELI MFPC OIH ALCN

-Egypt issued USD3.0bn Eurobonds on three tranches -Brent hits 3-year highs at USD78/bbl -Taxes will be levied on online content creators -Tourism sector in Egypt is coming back to life, with a surge in British bookings and Romanian  flights -e-cards to issue 6mn cards under "Meeza Peasants" program (e-finance) -EAST to produce e-cigarettes in 1Q2022; Attempts to utilize EGP4 bn of idle...