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EGX30 ends in the green for the first time in two weeks
The EGX30 closed Thursday in the green for the first time in weeks: The benchmark EGX30 closed in the green…
EFG Hermes net profit up 36% in 2019
EARNINGS WATCH- EFG Hermes’ net profit surged 36% in 2019 to EGP 1.38 bn from EGP 1 bn a year…
Banque du Caire shelves IPO on market volatility -sources
IPO WATCH- Banque du Caire shelves IPO on market volatility -sources: State-owned Banque du Caire (BdC) has postponed plans to…
Market regulator extends the financial statement submissions deadline to the end of April
REGULATION WATCH- Regulator extends financial statement submission deadline, allows trading via email, text: The Financial Regulatory Authority (FRA) decided yesterday…
EGX sell-off slows following CBE’s surprise rate cut
EGX sell-off slows following CBE’s surprise rate cut: The benchmark EGX30 index dipped again yesterday, but at a slower pace…
Gov’t cuts EGX taxes, energy prices to support businesses through covid-19 outbreak
Gov’t cuts EGX taxes, energy prices to support businesses through covid-19 outbreak: The government has announced a package of fiscal…
EGX sell-off continues as shares fall 7%
The selloff on the EGX continued yesterday, tripping circuit breakers yet again: The sell-off on the EGX continued at pace…
Tawfik surveys MPs’ opinion on new Public Enterprises Act
LEGISLATION WATCH- Tawfik surveys house representatives’ opinion on new Public Enterprises Act: Public Enterprises Minister Hisham Tawfik met last week…
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