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Saudi bourse extends losses on lacklustre earnings; Egypt gains

Egypt's blue-chip index (.EGX30), opens new tab gained 0.8%, snapping a four-day losing streak.

Misr Hotels reported a 776% year-on-year profit surge for H1 FY2024/2025, showing strong performance despite the economic challenges.

Revenues grew to EGP 1.015 billion in the three-month period of last year from EGP 803.7 million in the same period a year earlier

The government has been under pressure to sell stakes in state-owned companies under a bailout package secured from the IMF.

Local private equity firmEzdehar Management has purchased above 80% stake in clothing company SETA Textiles.

Finance Events

Intersolar Europe in Munich 22.06.2026

Watrex 23.06.2026

Big 5 Construct Egypt 23.06.2026

MENA Lighting Expo 22.08.2026

Pharmaconex 01.09.2026

Egypt Projects 05.09.2026

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