Al Ahly Pharos

Pre-Trading Thoughts 22/9/2021


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-SWDY and Hitachi ABB won an EGP860mn electricity award 
-Taqa Arabia intends to compete for Watenya Petroleum
-IFIA anticipates a reduction of 300 thousand tons in phosphoric fertilizer production capacity in the Americas by 2024; Means more export volumes for EFIC
-Proposals to regulate the real estate sector
-CNFN’s online platform Contact Cars has acquired e-commerce platform Sa3ar
-Car dealers renewed its request for the Ministry of Industry and Trade to allow the import of European models from outside the country of origin
-JTI submitted two proposals to the government on amending the new licensing mechanisms for manufacturing cigarettes
-RAKT restructuring next month
-Portsaid Containers Handling insures assets worth EGP1.3bn (not related to valuation)

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