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Gov’t fiscal measures fail to slow EGX sell-off
The EGX30 index closed in the red yesterday for the fourth consecutive day as concern among investors over the economic…
FRA orders mortgage lenders, factoring and leasing companies to give clients six-month grace period
Mortgage lenders, factoring and leasing companies to give clients six-month grace period: The Financial Regulatory Authority has ordered mortgage lenders,…
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…
Beltone Financial continues loss-making streak in 2019
EARNINGS WATCH- Beltone Financial continues loss-making streak, reporting a net loss of EGP 91.5 mn in 2019, compared to a…
Egypt holds the second highest number of ultrarich individuals in Africa
Egypt holds the second highest number of ultra-rich individuals in Africa: There are currently 764 ultra-high net worth individuals (UHNWI)—those…
Eni is investing USD 60 mn more in Egypt
INVESTMENT WATCH- Eni is tacking on an additional USD 60 mn for its planned investments in Egypt’s Agiba: Italy’s Eni…
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…
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