News
-
Market Capitalization gains LE 149.3B during Q1 of 2018c
In March, market capitalization gained LE 81.89 billion, ending the month at LE 974.18 billion.
-
Egypt to establish free economic zone in Nuweiba
South Sinai governor Khaled Fouda revealed that the free zone covers 26 feddans at a total cost of $400 million, to be established in 2 years.
-
EGX’s chairman calls firms to diversify finance
Farid explained that the stock market is a strategic financing platform for direct investment companies in a sustainable manner.
-
Vodafone tops list of telecom companies in Egypt in 2017 revenue growth
Etisalat Egypt came second with a profit growth of 39.2%, up from 39% in 2016, followed by Orange with 28% in 2017, down from 30% in 2016.
-
Egypt’s central bank expected to cut rates for second time
Nine out of 11 economists polled by Reuters said the bank on Thursday will cut the deposit and lending rates.
-
Egypt to issue next Eurobonds on Luxembourg stock exchange in April
This came as a response to the requests of the investment banks during the latest Eurobond issuance.
-
Business Incubators... Tasks to do, targets to achieve
A business incubator is a facility which provides new and startup projects and companies with affordable space, training and financing.
-
Egypt to pay $80 million above the market for wheat in 2018
As the world’s biggest wheat buyer, Egypt buys as much as 12 mln mt of the grain each year, but pays more than other importers due to its restrictions
-
Egypt economy stablises under Sisi but prices remain to be tamed
Sisi inherited an economy in tatters when he took over the presidency in 2014, requiring aggressive reforms that have largely stopped the rot.
-
Business delegations to be sent to Uganda, Tanzania in April
Enhancing relations with all African states comes on the top of Egypt’s priorities, President Abdel Fatah al-Sisi said.
-
US approves Egypt’s economic reforms
AmCham’s 40th door-knock mission to the US was met with praise for Egypt’s economic reform.
-
Each of Mo Salah's goals could cost Vodafone Egypt over $140 million
To receive the bonuses, users must sign up to a mobile tariff plan called "Mo Salah World."
-
Egypt’s economy: The way forward after elections
The report said that fiscal consolidation looks set to ease, inflation and interest rates are likely to fall sharply.
-
Egypt’s strategic wheat reserves enough for 3 months
Egypt also has enough sugar reserves for more than four months and enough oil reserves for about five months, MENA said.
-
Egypt shifts focus to Hurghada for UK market
UK and Ireland director Amr El Ezabi described the UK's refusal to reinstate Sharm El Sheikh flights as 'a very political decision'.
-
Uber, Careem to appeal Egypt court's banning order
An administrative court in Egypt decided to ban the Uber and Careem taxi services from operating in the country.
-
Egypt President ratifies Amended Capital Market Law
The amended law reorganizes sukuk issuance and introduces new financial instruments including futures trading.
-
Egypt FM to visit India for joint committee meeting
Shukri will lead the Egyptian delegation during the session which will begin its meetings on Thursday at the level of senior officials.
-
Egypt's prime minister breaks ground on new capital’s $3 billion business district
The district is set for completion in three years and will include the tallest tower in Africa.
-
Egypt eyes $5.7 billion from state company IPOs
Ten companies including the Midor refinery will see their shares floated for the first time and additional equity will be sold.