EGX Main Index Dives Below 5000 Pts; Closing Wednesday
On Wednesday’s closing session, the EGX lost EGP 2.4 billion as the capital market has amounted to EGP 252.310…
IDWE To Deal With SFD Over EGP 50 Mln Finance To Animal Resources Projects
Industrial Development and Workers Bank of Egypt (IDWE) plans to sign a contract with Social Fund for Development…
HC Remain Positive On GB Auto’s 2012 Earning, Despite Political Unrest
HC remained positive on GB Auto’s 2012 earnings (and going forward: 2012–16e net income CAGR of 24%), expecting to…
Sukuk To Replace Foreign Borrowing: Banking Experts
A number of Egyptian bankers affirmed on the importance of approving sukuk (Islamic bond) draft law in the current…
Morgan Stanley Reduces Stake In KPN To 4.93%
Morgan Stanley has lowered its stake in Dutch telecommunications company Royal KPN NV to 4.93% from 10.01%,…
Bank Of England Raises Inflation Outlook
The Bank of England on Wednesday raised its short-term outlook on consumer-price inflation, and also lowered its…
US Govt Bolsters 10,000 Egyptian Entrepreneurs
The events of Entrepreneur project, financed by US Agency for International Development USAID, for supporting SMEs…
HTC Delays U.S. Launch Of New Smartphone
HTC Corp. said Wednesday the launch of a new Smartphone in the U.S. will be delayed, due to a customs review…
Apple Orders Large Mobile Screens From Asia
Apple Inc., which is expected to launch its next-generation iPhone later this year, has ordered screens from its…
Egyptian Stock Doubles its Losses, EGX Below 4970 Pts
On Wednesday’s midday session, the EGX doubled its early losses to reach EGP 2.14 billion as the capital…
