I migliori Al Ahly Pharos podcast (2024)

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Pre-Trading Thoughts 7:01

4h ago7:01

7:01

The Madbouly government is in the process of drafting an investment plan to offer the Red Sea’s Ras Banas to private sector players in a transaction similar to ADQ’s Ras El Hekma USD35 billion agreement. Egypt has bought 20 cargoes of liquefied natural gas (LNG) via the first tender issued to cover its winter demand since 2018, securing full volume…

1
Technical Analysis 1:09

5h ago1:09

1:09

Market Overview Prepared by: Mayada Amin- CETA, CFTeDi Al Ahly Pharos

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Pre-Trading Thoughts 3:52

4d ago3:52

3:52

The government yesterday announced its first batch of new amendments to the tax system, which aim to ease the burden on taxpayers. Amendments include: Launching a central clearing system, putting a cap on late payment penalties such that the penalty does not exceed the original amount of tax due, establishing a pre-inquiry service for both local an…

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Technical Analysis 2:21

4d ago2:21

2:21

Market Overview MASR TMGH ORWE HRHO ETEL prepared by: Mayada Amin- CETA, CFTeDi Al Ahly Pharos

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Pre-Trading Thoughts 3:35

5d ago3:35

3:35

*Key news articles for today* NYSE-listed global miner AngloGold Ashanti will buy Egypt-focused LSE- and TSX-listed Centamin in a cash and share transaction valued at around USD 2.5 bn. Annual urban inflation has accelerated to 26.2% in August after having fallen to 25.7% — its lowest level since December 2022 — in July. Annual core inflation — whi…

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Technical Analysis 1:10

5d ago1:10

1:10

Market Overview Prepared by: Mayada Amin - CETA, CFTeDi Al Ahly Pharos

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Pre-Trading Thoughts 5:24

6d ago5:24

5:24

Remittances from Egyptians working abroad increased during July 2024, for the fifth month in a row, by 86.8%. Transfers amounting to about USD3 billion The government is considering canceling the planned capital gains tax on all EGX transactions as part of a broader drive to improve the country’s investment climate, Investment Minister said. Deputy…

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Technical Analysis 2:25

6d ago2:25

2:25

Market Overview COMI EKHOA BTFH PHDC MASR Prepared by: Mayada Amin, CETA, CFTeDi Al Ahly Pharos

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Pre-Trading Thoughts 3:39

7d ago3:39

3:39

Egypt and Cyprus have begun serious steps to reach an agreement to build a 90-km marine natural gas pipeline to connect the two countries. A consortium made up of SPE Capital-run equity fund SPE PEF III, European Bank for Reconstruction and Development, local private equity firm Tanmiya Capital Ventures, and the UK government’s British Internationa…

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Pre-Trading Thoughts 2:08

8d ago2:08

2:08

In line with our expectation, the Central Bank of Egypt left interest rates unchanged on Thursday. Net foreign reserves reached a new high of USD46.6 billion at the end of August 2024, up from July’s record figure of USD46.5 billion. The three-day Forum on China-Africa Cooperation, saw the government sign contracts and MoUs with Chinese companies a…

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Technical Analysis 1:21

8d ago1:21

1:21

Market Overview Prepared by: Mayada Amin- CETA, CFTeDi Al Ahly Pharos

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Technical Analysis 2:55

11d ago2:55

2:55

Market Overview ETEL DOMT OLFI SUGR AMER Prepared by: Mayada Amin- CETA, CFTeDi Al Ahly Pharos

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Pre-Trading Thoughts 3:57

11d ago3:57

3:57

Egypt and Turkey seek to boost trade from USD5 billion to USD15 billion over the next five years. The two countries signed 18 MoUs to strengthen cooperation on transport, energy, defense, education, tourism, health, culture, agriculture, and finance. The Central Bank of Egypt’s (CBE) Monetary Policy Committee is meeting later today to review intere…

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Technical Analysis 2:12

12d ago2:12

2:12

Market Overview JUFO FWRY ALCN ABUK OLFI prepared by: Mayada Amin - CETA, CFTeDi Al Ahly Pharos

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Pre-Trading Thoughts 1:56

12d ago1:56

1:56

*Key news articles for today* BP plans to invest USD400 million during the current fiscal year to drill two new wells at the Raven natural gas field in its North Alexandria concession. The two wells will add a combined daily 400 million cubic feet of gas to its output. The ratio of external debt service to public revenues increased during the last …

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Pre-Trading Thoughts 3:46

13d ago3:46

3:46

*Key news articles for today* The headline PMI rose in August to 50.4, rising from 49.7 in July, to signal the first improvement in the health of the non-oil private sector since November 2020. The industry, transport, and investment ministries are mulling the creation of a freezone for African investors as part of the government’s long-term goal o…

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Technical Analysis 1:59

13d ago1:59

1:59

Market Overview ABUK JUFO SWDY prepared by: Mayada Amin - CETA, CFTeDi Al Ahly Pharos

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Pre-Trading Thoughts 4:18

14d ago4:18

4:18

UAE’s Masdar, Infinity Power, and Hassan Allam Utilities will set up USD900 million worth of solar power plants in Upper Egypt with a combined capacity of 1 GW after the government greenlit the move, according to media. Tunisian-owned oil and gas company HBS International plans to invest USD65 million in gas development and production in the southw…

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Technical Analysis 2:19

14d ago2:19

2:19

Market Overview ABUK EGCH SKPC ORAS MASR prepared by: Mayada Amin- CETA, CFTeDi Al Ahly Pharos

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Pre-Trading Thoughts 4:07

15d ago4:07

4:07

The MPC will meet on Thursday, 5 September, to decide on key interest rates. We expect the CBE to keep the current rates on hold in its upcoming meeting on 5 September, with a potential rate cut in 4Q24, or - more conservatively - in 1Q25. Net foreign asset surplus expanded 3.5% to USD13.3 billion in July, up from USD12.9 billion in June. The gover…

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Technical Analysis 2:29

15d ago2:29

2:29

Market Overview EFIH EMFD TMGH MASR prepared by: Mayada Amin - CETA, CFTeDi Al Ahly Pharos

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Pre-Trading Thoughts 5:13

18d ago5:13

5:13

Work is underway to make it possible for the government to commit to monthly payments to foreign companies working in the oil and gas sector, according to a cabinet statement, in a bid to boost investor appetite. The Finance Ministry will set up a central unit to facilitate customs and tax procedures for companies involved in automotive manufacturi…

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Technical Analysis 2:18

18d ago2:18

2:18

Market Overview SWDY ESRS ABUK GBCO EAST prepared by: Mayada Amin- CETA, CFTeDi Al Ahly Pharos

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Pre-Trading Thoughts 4:53

19d ago4:53

4:53

Head of the Trade Ministry's Commercial Representation Authority discussed potential investments in Egypt with representatives from major Indian companies. The IMF said that Egypt may abandon quarterly fuel price increases in exchange for a firm commitment to raise prices to levels “Cost recovery” by the end of the year. The Ministry of Finance is …

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Technical Analysis 3:02

19d ago3:02

3:02

Market Overview BTFH GBCO ETEL TMGH ATQA prepared by: Mayada Amin- CETA, CFTeDi Al Ahly Pharos

1
Pre-Trading Thoughts 2:03

20d ago2:03

2:03

The International Monetary Fund is set to conduct the fourth review of our USD8 bn loan program by the end of September or in October at the latest. The state is reportedly studying a plan to provide EGP1.25k in cash assistance per family, while reducing the number of goods subsidized under the ration card system. The General Authority for Investme…

1
Technical Analysis 2:20

20d ago2:20

2:20

Market Overview HRHO ORAS FWRY prepared by: Mayada Amin- CETA, CFTeDi Al Ahly Pharos

1
Pre-Trading Thoughts 3:18

21d ago3:18

3:18

A consortium of the UAE’s Al Shafar General Contracting (ASGC) Group and Saudi Egyptian Developers (SED) has backed out of an agreement to work on the USD5 billion redevelopment of the former National Democratic Party (NDP) headquarters in central Cairo due to increased construction costs following the EGP float. Alexandria Port Authority is gearin…

1
Technical Analysis 1:49

21d ago1:49

1:49

Market Overview SKPC ESRS FWRY prepared by: Mayada Amin- CETA, CFTeDi Al Ahly Pharos

1
Pre-Trading Thoughts 3:02

22d ago3:02

3:02

The Cabinet approved presidential decrees regarding three financing agreements with the EU, which will see Egypt unlock over EUR1 billion in funding. The state aims to add 28 GW of renewable energy to the country’s energy mix over the next 5-7 years. The government plans to announce “revolutionary” tax reforms next month, Prime Minister said, addin…

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Technical Analysis 3:03

22d ago3:03

3:03

Market Overview BINV ORHD GBCO TMGH PHDC Prepared by: Mayada Amin - CETA, CFTeDi Al Ahly Pharos

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Pre-Trading Thoughts 2:17

25d ago2:17

2:17

There are no enforced FX withdrawal limits in the works. “Each bank has the discretion to determine its policy” for FX withdrawals, the CBE said in a statement yesterday following reports that led to online speculation that enforced limits are in the works. Prime Minister Moustafa Madbouly yesterday presided over a meeting where government official…

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Technical Analysis 1:51

25d ago1:51

1:51

Market Overview GBCO EAST BTFH Prepared by: Mayada Amin- CETA, CFTeDi Al Ahly Pharos

1
Pre-Trading Thoughts 3:30

26d ago3:30

3:30

The government is set to hike electricity prices for the industrial sector. The price will rise by EGP0.55 per kWh to EGP1.94 per kWh, with the 39.6% increase slated to come into effect this month. Electricity tariffs will not be raised for low-voltage industries to cushion small- and medium-sized enterprises. The government is looking into raising…

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Technical Analysis 2:04

26d ago2:04

2:04

Market Overview COMI ADIB GBCO FWRY ESRS Prepared by: Mayada Amin- CETA, CFTeDi Al Ahly Pharos

1
Technical Analysis 2:54

27d ago2:54

2:54

Market Overview MFPC PHDC AMOC SKPC ARAB prepared by: Mayada Amin- CETA, CFTeDi Al Ahly Pharos

1
Pre-Trading Thoughts 5:04

28d ago5:04

5:04

The Electricity Ministry has completed its study on increasing electricity prices, with plans to introduce the hike in September following cabinet approval. Foreign investments in treasury bills increased last May by about USD2.04 billion, reaching USD37.5 billion at the end of May, compared to USD35.46 billion at the end of April. The Ministry of …

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Pre-Trading Thoughts 4:08

29d ago4:08

4:08

AD Ports’ Noatum has acquired a majority stake in maritime, logistics, and cargo services provider Safina Shipping Services. Egypt’s unemployment rate fell to 6.5% of the total workforce in the second quarter of this year, falling 0.2 percentage points from the previous quarter. Renewables firm Infinity Power, Emirati state-run renewables giant Mas…

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Technical Analysis 3:21

29d ago3:21

3:21

Market Overview COMI CIEB ADIB BTFH FWRY ALCN MFPC SKPC DSCW prepared by: Mayada Amin - CETA, CFTeDi Al Ahly Pharos

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Pre-Trading Thoughts 8:13

1M ago8:13

8:13

The cabinet has approved a resolution regarding the issuance of executive regulations for the hospital privatization bill. The cabinet approved a draft resolution to set up the National Council for the Localization of Chip and Solar Cell Tech Production The cabinet approved the suspension of the 14% agricultural land tax (known as the mud tax) for …

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Pre-Trading Thoughts 7:16

1M ago7:16

7:16

Foreign investors' transactions returned to record net purchases of bills and bonds during yesterday's trading, Tuesday, for the first time after a selling wave that lasted 8 sessions. Their net purchases of treasuries yesterday amounted to about USD160 million. The Finance Ministry raised some EGP50.3 bn worth of three-month T-bills this week at a…

1
Technical Analysis 1:50

1M ago1:50

1:50

Market Overview CLHO HRHO MPRC ACGC prepared by: Mayada Amin- CETA, CFTeDi Al Ahly Pharos

1
Pre-Trading Thoughts 4:32

1M ago4:32

4:32

Egypt is looking to attract some USD2 bn in foreign direct investment from EU countries in its industrial sector by the end of 2024. Also, Egypt seeks to increase its exports to the EU by 10% by the end of this year, rising from EUR11.5 bn in 2023, to EUR12.6 bn in 2024. The CBE sold EUR610 mn one-year treasury bills on Monday, with an average yiel…