Guides & Analytics
CBE Offering $ 1.5 bln Exceptional FX Auction Monday
The Central Bank of Egypt (CBE) has announced in a statement that it will be holding an exceptional dollar $ 1.5 billion Forex FX Auction for the banks which…
AT&T Says Does Not Intend To Bid For Vodafone
U.S. mobile operator AT&T said on Monday it was not planning to take over Britain's Vodafone, making its intentions clear after a request from the takeover panel…
Emerging Market Anxiety Hits Asian Shares
Asian shares dived on Monday as emerging markets remained under pressure, with the U.S. Federal Reserve poised to continue tapering stimulus and tighter credit…
Dollar Touches Seven-Week Low Vs. Yen On Emerging Market Concerns
The dollar slipped to a seven-week low against the yen on Monday as a sell-off in emerging market currencies late last week prompted investors to seek shelter in the…
Sawiris Ties Interest In Telecom Italia To Telefonica’s Exit
Egyptian billionaire Naguib Sawiris is ready to step in and invest in Telecom Italia SpA on condition that the carrier’s largest shareholder, Telefonica SA (TEF),…
Hermes Raises Juhayna FV To LE 14/Share
EFG-Hermes raised, in a recent study, Juhayna Food Industries - Fair Value (FV) by 14% to EGP14/share and reiterated neutral rating. Hermes expect 2014 to be…
IMF Expects 10.3% Growth for Inflation in Egypt
International Monetary Fund expected a global economic growth of 3% in 2013 to 3.7% in 2014, rising to 3.9% in 2015; these expectations are 0.1% over the previous…
Greek Investments In Cairo Worth USD 500 Million
Head of the Egyptian side to the Egyptian- Greek Business Council Hani Birzi said that there are many projects for businessmen from both countries especially in the…