EGX 30 rises 0.7% as Telecom Egypt drops proposed RDH deal
The EGX 30 closed up 0.7034% at 52,928.1 points on July 16. Telecom Egypt said it will not proceed with the proposed RDH transaction, according to a regulatory filing carried by TradingView. Elsewedy Electric wants to invest $200 million in Egypt's industrial sector, according to MSN. The group is also balancing regional growth against global challenges, Ad-hoc-news.de reports.
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