We upgrade our rating on Ezz Steel to an ACCUMULATE rating with a fair value of EGP 8.60 following the release of its 2011 results. This presents a premium of 17.5% over its recent closing price EGP 7.32. ... read more
We expect demand in Egypt to remain weak in 2012, further dropping by 20% according to SE’s management, on limited public spending as the country struggles to establish a sound political frame. Operations ... read more
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