Pre-Trading Thoughts

Egypt has again appealed to the UN Security Council to intervene in the dispute with Ethiopia over the Grand Ethiopia Renaissance Dam (GERD). The distribution arm of Abu Dhabi National Oil Company (ADNOC) has agreed to acquire 50% of Total Energies Egypt for USD 186 mn. Total Energies represents EGP2.52/share out of BINV’s total SoTP valuation of 17.67/share. 315 Egyptian contractors registered to participate in El-Dabaa nuclear power plant as part of the local component of the pr...