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EGX launches EGX100 Equal Weight Index
The bourse is launching today the EGX100 Equal Weight Index (EWI), which allocates constituents an equal weight of 1% on…
Cabinet discusses measures to unblock EGP 65 bn assets frozen for back taxes
Low-cost stimulus: Cabinet discusses measures to unlock EGP 65 bn of assets frozen in tax disputes. Businesses may only have…
Foreign reserves fall for second consecutive month in April
Foreign reserves fell in April for the second consecutive month as the central bank honored repatriation requests from foreign investors,…
Egypt has deployed just EGP 40 bn of funding from the EGP 100 bn stimulus and bailout funding, Maait says
The government has deployed just EGP 40 bn of the EGP 100 bn earmarked by the government to protect the…
Earnings Watch- OIH reports net losses of EGP 418 mn in 2019
EARNINGS WATCH- Orascom Investment Holding (OIH) reported a net loss of EGP 418 mn in 2019, compared to a net…
Export Subsidy Fund signs 41 new pacts to dole out subsidy arrears
The Export Subsidy Fund signed 41 new agreements to dish out subsidy arrears to exporters, according to a statementfrom the…
Oil prices could hit USD 100/bbl in 18 months on post-corona rebound -Naguib
Oil prices could hit USD 100/bbl in 18 months on post-corona rebound -Naguib: Global oil prices could hit USD 100/bbl…
Egypt’s foreign debt reaches USD 112.6 bn in 2Q2019-20
DEBT WATCH- Egypt’s total external debt rose 16% y-o-y in 2Q2019-2020 to USD 112.6 bn from USD 96.6 bn the…
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