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Posted inLegislation + Policy

Draft legislation to allow Finance Ministry to serve as loan guarantor for subsidiaries

The Council of State plans on sending draft legislation to the House of Representatives this month that will allow the Finance Ministry to serve as guarantor for state companies in loan agreements with local and international banks and funding institutions, a top Finance Ministry official tells Al Shorouk. Progress on a number of Egyptian Electricity […]

Posted inSports

New CAF president thanks Egypt for his position

The newly-elected president of the Confederation of African Football (CAF) Ahmad Ahmad thanked Egypt for its “important role” in the elections, Ahram Online reports. The Egyptian Competition Authority’s probe into Issa Hayatou right before CAF elections undoubtedly played a role in the latter’s demise.

Posted inTHE MARKETS YESTERDAY

BY THE NUMBERS

EGP / USD CBE market average: Buy 18.0056 | Sell 18.1079 EGP / USD at CIB: Buy 18.05 | Sell 18.15 EGP / USD at NBE: Buy 17.95 | Sell 18.05 EGX30 (Tuesday): 13,264 (+1.5%) Turnover: EGP 1.2 bn (44% ABOVE the 90-day average) EGX 30 year-to-date: +7.4% THE MARKET ON TUESDAY: The EGX30 ended […]

Posted inCALENDAR

03-06 April (Monday-Thursday): Agri & Foodex Africa, Khartoum International Fair Ground, Khartoum, Sudan. 08-10 April (Saturday-Monday): Pharmaconex, Cairo International Convention Center, Cairo. 16 April (Sunday): Coptic Easter Sunday. 17 April (Monday): Sham El Nessim, national holiday. 20 April (Thursday): Closing date for the Egyptian Mineral Resources Authority bid round number 1 for 2017 for gold […]

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