If commodity prices are easing and the local currency is weakening, ORWE hits two birds with one stone. ORWE is a high-yield stock with DY15-17%. Stock is trading at 2022 P/E of 4.2x and EV/EBITDA of 4.3x. (Pitch)

Foreign reserves slipped to USD33.14 bn in July, down from USD33.40 bn a month earlier.

Mohamed Farid has been appointed as acting chairman of the FRA for one year.

Brent lost c.10% during the week to reach USD 95.51/bbl.

ADQ is acquiring National Investment Bank's and Ministry of Agriculture’s shares in MFPC which accounted for 18.81%. After the acquisition deal, ADQ’s shareholding will amount to 24.53%. (AlMal)

Sipes has offered to purchase at least 60% of PACH for a price per share between EGP 17.50 and EGP 18.50. FV is EGP19.50 excluding land plot which adds EGP9.20/share.

Given that the prices for 300 different medicines have increased during the recent period, the Pharmacies Division addressed the Egyptian Drug Authority to unify the prices of medicine after increasing prices for old and new batches.

Poultry industry experts are warning of a possible spike in selling prices as feed costs continue to mount.

EgyptAir is operating weekly flights from Tripoli to Sharm El Sheikh during 9 August - 11 October 2022.

Farid said that the coming period will witness the development of a comprehensive business strategy for all non-banking financial service businesses.

Alexandria Port Authority plans to offer 54 thousand square meters for exploitation, and the authority has set mid-August as the auction date on two plots.

Alexandria Port Authority is to auction 500 tons of steel scrap from EGASCO Fortune shipwrecks on August 21.