-Egypt’s first sovereign sukuk offering could be in the range of USD500 million, possibly as early as 2022

-Net foreign assets (NFAs) of the banking system retreated to USD10.1 billion in August from USD15.67 billion in July

-EM equities vulnerable to a spike in US treasury yields, Egypt is best placed among EM 

-Government entities won’t pay dues of suppliers and contractors without a proof of fulfilling the insurance payments, income tax and VAT declarations (e-finance)

-ETEL looking to secure USD500 million in financing as part of usual restructuring of maturities

-Passenger car sales rose 15% YoY in August; Distributors sold around 18.3k units 

-OLFI intends to open and operate Obour Farm next year; Raised the prices by 4% YTD

-TMGH is studying expanding to Saudi Arabia and Iraq

-Demands repeated for supplying cement producers with natural gas, as a result of soaring coal prices and its limited supply

-IDHC inaugurated the third branch of Al Borg Scan, and plans to add another two branches in 2022

-AXPH announced the distribution of FY20/21 DPS of EGP10.0, DY of 7.5%.

-ADCI announced the distribution of FY20/21 DPS of EGP5.0, DY of 8.8%.

-MICH announced the distribution of FY20/21 DPS of EGP1.00, DY of 8.7%