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The EGX is allowing investors to short smaller companies
The EGX is allowing investors to short smaller companies: The EGX yesterday approved plans to allow investors to short smaller…
IMF releases staff report on pandemic aid to Egypt
The IMF report card that supported Egypt’s pandemic aid package is now out: The International Monetary Finance (IMF) released on…
Enterprise Poll: Central Bank of Egypt to leave rates on hold in August 2020
ENTERPRISE POLL- CBE likely to leave rates on hold when it meets this Thursday: The Central Bank of Egypt (CBE)…
Egypt’s inflation decelerated in July to 4.2%, below expectations
Annual headline inflation decelerated to 4.2% in July, down from an uptick to 5.6% in June, according to central bank…
Earnings watch: Emaar Misr turns a profit in 2Q2020
EARNINGS WATCH- Emaar Misr recorded a net profit of EGP 366 mn 2Q2020, up from a net loss of EGP…
Egypt’s Glamera raises six-figure investment from Saudi’s Dual Gate Investment
STARTUP WATCH- Cairo-based beauty services startup Glamera has raised a six-figure USD investment from Saudi’s Dual Gate Investment Holding, according…
Tougher penalties for illegal electricity installations in Egypt under legislative amendments
LEGISLATION WATCH- Tougher penalties for stealing electricity, failure to provide services under new legislative amendments: The House Legislative Committee approved…
FRA grants 45 companies non-banking financial services licenses in 2020
Eight companies have received licenses to provide non-banking financial services this year from the Financial Regulatory Authority (FRA), according to…
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