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EGX slips back into the red, closing down 1.5%
The EGX30 slipped back into the red yesterday, closing down 1.5% to resume a spell of volatility that has gripped…
Amer talks covid-19 and the Egyptian economy
Amer talks covid-19 and the Egyptian economy: Central Bank of Egypt Governor Tarek Amer yesterday phoned into Sada El Balad…
CBE temporarily sets daily limit on bank, ATM cash withdrawals and deposits
CBE temporarily sets daily limit on bank, ATM cash withdrawals and deposits: The Central Bank of Egypt (CBE) decided yesterday…
Fawry MD resigns to set up USD 25 mn fintech investment fund
MOVES- Fawry MD resigns to set up USD 25 mn fintech investment fund: Mohamed Okasha has resigned from his position…
Earnings watch: Orascom Construction profits dip 16.2% y-o-y
EARNINGS WATCH- Orascom Construction profits dipped 16.2% y-o-y in 2019 to USD 121.3 mn, compared to USD 144.7 mn the…
Al Ahly Investments acquires 21% capital of Sohag National Food Industries’
M&A WATCH- National Investments Co. has acquired a 21% stake in Sohag National FoodIndustries’ (SNFI) for EGP 190 mn, SNFI…
Central Bank of Egypt sells more t-bills than target for the first time in months
CBE overshoots t-bill auction target for the first time in weeks: The Central Bank of Egypt sold EGP 25.96 bn…
Egyptians pour EGP 30 bn into new high-interest savings certificates
EGP 30 bn pours into new high-interest savings certificates: Egyptians invested EGP 30 bn into the new 15% fixed rate…
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