Guides & Analytics
Facebook to Buy Virtual Reality Goggles Maker for $2 Billion
Facebook Inc will acquire two-year-old Oculus VR Inc, a maker of virtual-reality glasses for gaming, for $2 billion, buying its way into the fast-growing…
Egypt’s Naeem Holding to Cross-List on Abu Dhabi Exchange
Naeem Holding for Investments has received approval from the United Arab Emirates' financial regulator to list on the Abu Dhabi exchange, the firm said, a further…
NILEX’s Index Tumbles 1.5%, Stocks Mostly Down
The Egyptian Exchange for SMEs – NILEX’s Index tumbled by 1.53% on Wednesday, to close at 1027.62 points. Out of 17 securities traded today, 11 went down and 5…
Arab Fund for Economic & Social Development Secures $362 million for Egypt’s…
Egypt and the Arab Fund for Economic and Social Development signed on Monday two financing agreements worth US$362 million for electricity sector. Egypt’s Prime…
Morpho-Egypt to Run 4 E-Portals at Cairo Airport with US$2m by July
Morpho S.A. a French multinational company of Safran is planning to complete the installation and operation of four electronic portals at Cairo airport to facilitate…
Egypt’s Govt Borrows EGP205b from Domestic Market within Next 3 Months
The Egyptian Finance Ministry issued timetable for issuing governmental securities within the fourth quarter of the current fiscal year of 2013/2014, so the total…
Egypt Shares Gain EGP5 billion, EGX30 Slides to 8480
Egypt’s stock market ended higher on Wednesday with gains totalling 5.2 billion pounds powered by local investors’ buying appetite. However, the main stock index –…
Russia Seeks Trade Volume with Egypt Up to EGP5 billion – Minister
Russia is keen on boosting the volume of trade exchange with Egypt to reach up to US$5 million within the coming period, said Agriculture Minister Nikolai Fyodorov…