Guides & Analytics
Foreign Sell-off Drives Egypt Main Index 1.6% Down on Tuesday
Egypt’s bourse continued its downturn performance for the second day in a row, with losses totaled 2.9 Egyptian pounds on Tuesday driven by foreign profit-takers. In…
Suez Canal to Hike Transit Dues as of May 1st
Egypt's Suez Canal Authority (SCA) on Saturday announced it would raise toll fees for all vessels passing through the strategic waterway starting on 1 May 2014, in…
CBE Requests EGP60 bln from Banks at 27th Deposit Operations Auction
Egypt’s Central Bank (CBE) is requesting around 60 billion Egyptian pounds of domestic surplus liquidity from local banks in the 27th auction for Deposit Operations…
Morsi ‘Killing Protesters’ Trial Postponed to 5 February
The trial of Egyptian ousted president Mohamed Morsi alongside 14 other defendants on charges of inciting murder at the Ittihadiya Presidential Palace in December…
Shares Mixed at Midday, Egypt’s Main Index Falls 1.1% on Foreign Sell-offs
Egyptian bourse lost 1.5 billion Egyptian pounds during midday session on Tuesday driven by foreign sell-offs. Egypt’s main index also fell below 7325 points. The…
Egypt’s Premiere Securities Eyes Launch of New REIT Launch within 2014
Financial service company Premiere Securities S.A.E. is set to a new real estate investment trust (REIT) within this year, Amwal Al Ghad’s Arabic website reported on…
Qualcomm, Egypt Review Government’s Device Manufacturing Strategy
The Egyptian Telecom Ministry met Qualcomm Technology Licensing (QTL) company in order to discuss the participation of Qualcomm in the manufacturing’s strategy which…
Ethiopia Should Build ‘Smaller Dam’: Egypt Minister of Irrigation
If Ethiopia wants to generate electricity, it should build a smaller dam, Minister of Water Resource and Irrigation Mohamed Abdel Motleb said Monday, according to…