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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…
Central Bank of Egypt issues new debt relief initiative for individuals
CBE offers new debt relief initiative for individual borrowers: The Central Bank of Egypt (CBE) on Monday launched a new…
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…
Don Kwak steps down as chief of LG Egypt
MOVES- Don Kwak has stepped down from his role as CEO of LG Egypt, Al Mal reports. Kwak served as…
Raya reports EGP 85 mn loss in 2019
EARNINGS WATCH- Raya Holding for Financial Investments has reported losses of EGP85.1 mn during 2019, compared to profits of EGP…
Argineering raises USD 400k in follow-on investment
STARTUP WATCH- Argineering raises USD 400k in follow-on investment: Creative tech startup Argineering raised USD 400k in a follow-on investment…
Covid-19 could take a USD 2 tn swing at global income -UNCTAD
UNCTAD says covid-19 could take a USD 2 tn swing at global income: Global income could fall as much as…
Egypt to postpone EGX capital gains for one more year, slash stamp tax -sources
Gov’t to postpone EGX capital gains for one more year, slash stamp tax -sources: Officials have reportedly agreed to delay…
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