Guides & Analytics
Egypt: NILEX’s Index Surges 3.3% Today
The Egyptian Exchange for SMEs – NILEX’s Index inched higher by 3.03% on Wednesday, to close at 882.23 points. Out of 18 securities traded today at the Nile Stock…
Telecom Egypt Repairs Cut in Cable between Luxor, Edfu
Telecom Egypt (ETAL-CA)(TE) announced it successfully repaired a cut in the cable linking Luxor to Edfu which impacted telecommunications, mobile and Internet…
EGX30 Nears 7770 at Close as Shares Bounce Back
Egypt’s stock market rebounded to end higher on Wednesday with gains totalling 2.4 billion Egyptian pounds. In return, the main stock index – EGX30 surged to close…
SFD to Provide Soft Loans for Small Bakeries in Egypt – Minister
Egypt’s Supply Ministry and Social Fund for Development (SFD -Egypt) signed today a cooperation protocol to finance the developing of small bakeries, according to…
Al Oula and Arabia Group Ink Cooperation Protocol
Arabia Group for Real Estate & Tourism Investment S.A.E. and Tameer Mortgage Company - Al Oula signed a cooperation protocol on the sidelines of the Cityscape…
Egypt Economic Growth Seen at 4.1% in 2015 – IMF
The International Monetary Fund (IMF) expected Egypt’s economy to grow by 2.3% and 4.1% in 2014 and 2015 respectively, according to the official website of the…
New Refinery Promises Some Relief to Egypt Fuel Crisis
Construction of Egypt's largest oil refinery, with capacity to produce half the volume of diesel currently being imported, is expected to begin next week, the…
C.Bank Offers US$40 mln FX Auction for Local Banks Today
The Central Bank of Egypt (CBE) has offered today its second foreign exchange auction for this week totaled US$ 40 million for local banks. The central bank is…