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Foreigners invested EGP 7.4 bn in the EGX in 2017
Foreigners invested a net amount of EGP 7.4 bn (USD 414 mn) in the Egyptian stock market in 2017, according…
Speed Round
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Britain designates two groups as terrorist organizations
Britain has added the Hasm movement and Liwaa El Thawra to its list of terrorist organizations “after reviewing attacks claimed…
House passes amendments to Companies act
LEGISLATION WATCH- The House of Representatives passed amendments to the Companies Act, which allow for setting up sole proprietorship companies,…
Gov’t to grow wheat on 3.25 mn acres this season
The Agriculture Ministry is planning on growing 3.25 mn acres of wheat this season, down from the previous target of…
EBRD provides Olam International with USD 30 mn loan to fund operations in Egypt
EBRD provides Olam International with USD 30 mn loan to fund operations in Egypt: The European Bank for Reconstruction and…
MNHD announces record pre-sales of EGP 5.03 bn in 2017
Madinet Nasr Housing and Development (MNHD) said its pre-sales for 2017 reached “a record” EGP 5.03 bn, according to a…
Lava international to invest USD 10 mn in Egypt next year
INVESTMENT WATCH- Indian smartphone manufacturer Lava International plans to invest USD 10 mn in Egypt in 2018, said co-founder Hari…
TE has no plans to sell stake in Vodafone Egypt -El Kady
State-owned Telecom Egypt (TE) has no plans to sell its stake in Vodafone Egypt, CIT Minister Yasser El Kady said,…
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