EFG Hermes, Egypt’s Sovereign Fund sign deals to acquire 76% in AIB bank
Investment bank EFG Hermes and the Sovereign Fund of Egypt (SFE) have signed on Thursday agreements to buy a…
Egypt’s stocks end week in red, benchmark EGX 30 falls 0.69%
Egypt’s stock exchange’s (EGX) indexes closed lower on Thursday, with the benchmark EGX 30 index tumbling 0.69…
Egypt’s stocks end in green but market cap incurs EGP 13.8 billion losses
Egypt’s stock exchange’s (EGX) indexes ended in green on Wednesday, with the benchmark EGX 30 index adds 0.23…
Gulf-based firm accepts takeover offer from Egypt’s Raya Contact Center
A Gulf-based firm operating in the business process outsourcing sector has accepted a binding takeover offer from…
Fitch: Egypt’s FY2022 budgetary targets as ‘broadly credible’
Fitch Ratings describe Egypt’s budgetary targets for the the financial year ending June 2022 (FY22) as “broadly…
IMF chief: Egyptian economy picks up speed despites COVID-19
International Monetary Fund’s (IMF) managing director Kristalina Georgieva lauded on Tuesday the Egyptian economy…
EFG Hermes says Q1 revenues climb 30% y-o-y
Egyptian investment bank EFG Hermes reported on Wednesday its first quarter results for 2021, with revenues…
Egypt’s Sisi announces allocation of $500 million for reconstruction in war-wrecked Gaza
Egypt’s President Abdel Fattah al-Sisi announced on Tuesday the allocation of $500 million as part of an Egyptian…
Vodafone Egypt pre-tax profits hit €652 million in FY2020/21
Vodafone Egypt announced on Tuesday it posted profits before interest and tax worth €652 million (11.98 billion…
On International Museum Day, Egypt opens two new museums at Cairo Airport
On International Museum Day, Egypt has inaugurated on Tuesday two new museums at Cairo International Airport.