Suez Canal achieved revenues of USD6 billion from January until the first half of December 2021.

Egypt might face a higher wheat import bill as Russia is considering imposing higher export tariffs if wheat prices reach USD375/ton, with a bigger hike proposed if prices reach USD400/ton.

CLHO’s BoD approved MCI Capital’s offer price to acquire up to a 26% stake for EGP5.00/share; Shareholders have until next Sunday to subscribe to the voluntary tender offer.

Saudi consumer electronics retailer “eXtra” is setting up an Egyptian subsidiary and plans to invest EGP1.0 bn to expand its footprint in the country.

SWDY's subsidiary, Rowad Modern Engineering, secured awards in New Giza and Emaar Misr at a total value of EGP1.5 billion.

Ministry Transport is in negotiations with five international financial institutions to help fund the construction of the planned Aswan-Toshka railway, and is in negotiations with Siemens International, to provide the necessary funding and technical support for the 6 October- Aswan railway.

NBKE's EGM approved the voluntary delisting and FV at EGP20.03 (7.7% upside to yesterday's closing price).

NBFS Market Update| Financial leasing recorded EGP22.5 billion as of Sept. end 2021 (+55.18% YoY). Mortgage financing reached EGP2.43 billion (+163.7% YoY). Insurance companies paid claims worth EGP5.519 billion (+7.24% YoY), while premiums increased to EGP13.04 billion (+3.78% YoY). The total value of consumer finance hit EGP4.459 billion, with the customer base reaching more than 323,000 customers.