Egypt cancels plans to float additional shares in Heliopolis Housing
Egypt's Holding Company for Construction and Development (HCCD) is cancelling plans to float additional shares in…
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Egypt to float Heliopolis Housing on EGX in H1-2020
Egypt's state-run Heliopolis Company for Housing and Development plans to start offering additional shares of 15…
Egypt expects $300-400 mln from Banque du Caire IPO – chairman
Egyptian state-run lender Banque du Caire said on Thursday its after-tax profit in 2018 rose 200 percent to around…
Egypt’s foreign inflows exceeded $150 bln since 2016 pound flat – c.bank head
Egypt’s central bank governor said on Friday foreign inflows had exceeded $150 billion since its pound currency was…
Egypt’s Hassan Allam to sell 44.3% of shares in Cairo, London
Egyptian construction and engineering group Hassan Allam said on Monday that it would list up to 44.3 percent of…
Egypt unveils names of first 5 state firms to float shares under IPO scheme
Egypt on Tuesday announced the names of the first five state companies that will offer shares this year as part of…
Foreign investment in Egypt’s bourse at 13 bln pounds since pound float: chief
Egypt’s stock exchange has attracted a net of 13 billion Egyptian pounds ($737.6 million) in foreign investments…
Aramco listing reshapes Saudi Arabia’s OPEC oil policy
Saudi Arabia's plans to float state oil titan Aramco are prompting the country to think the unthinkable.…
Foreign investments in Egypt debt reach $17.6bn since pound float
Foreigners have invested a total of $17.6 billion in Egyptian debt instruments since the central bank of Egypt…
Banque Du Caire says raised $700 million since Egypt currency float
Banque Du Caire, one of Egypt's largest and oldest public lenders, says it has collected around $700 million in the…
Egypt’s policy measures improve banking but investments slow: BLOM official
Egypt's policy decisions last November to float the pound and subsequently raise interest rates have improved…
Yemen central bank floats currency of war-torn country
The central bank of Yemen announced Tuesday it had floated the national currency, instructing banks to follow the…
National Bank of Egypt says has raised $8.2 billion since pound float
Egypt’s biggest lender, the state-owned National Bank of Egypt has raised $8.2 billion since the liberalisation of…
No plans to demonetize Egyptian pound or redesign currency: central bank
Egypt will neither launch a new currency exchange mechanism nor have a new design for the current currency, the…
Egypt bourse: 2016 in review
As we come to the close of 2016, Amwal Al Ghad English reviews the major remarks that affected the Egyptian stock…
Egypt offers rate relief to firms hit by pound float
Egyptian companies unable to repay US-dollar denominated debts after the devaluation of the pound will be allowed…
El Marakby Steel: sales fall 40% on Egyptian pound float move
The sales volume of Egypt-based steel maker El Marakby for Steel Group declined by 40 percent following…
Nissan: floating Egyptian pound decision to raise auto manufacturing cost
The movement of Egypt's government to liberalise exchange rate system would cause financial losses for original…
Banque Misr says sold $825 mln to cover imports since pound float
Egypt’s second biggest bank, state-owned Banque Misr has provided around $825 million to cover import payments…
Egyptian banks attract $3 billion since pound float: c.bank official
Egyptian banks have attracted around $3 billion since Egypt floated its pound earlier on November 3rd, central bank…
Vodafone Egypt logs lower revenues in H1 – FY2016-17
Vodafone Egypt generated revenues worth 7.8 billion Egyptian pounds (€796 million) during the first half of…
Pound floating raises mobile, computer prices and slows down sales
The Central Bank of Egypt (CBE) announced their decision to float the Egyptian pound last week, which has raised…
Liberalising exchange rate to boost Egypt’s exports by 10%: Minister Qabil
The recent decision of the Central Bank of Egypt (CBE) to float Egyptian pound against the dollar would raise the…
Petroleum product subsidies to hit $5bn in Egypt’s FY2016-17 budget
The total volume of Egyptian subsidy on petroleum products is set to be raised to around 64 billion Egyptian pounds…
Egypt stocks continue surge for third day on currency devaluation move
Egypt’s stock market climbed for a third straight day on Tuesday in response to the devaluation of the local…
Egypt stocks jump for second day on currency float move
Egypt’s stock market jumped on Sunday for a second straight day triggered by raising hopes for new inflows of funds…
Parliament supports Cabinet’s move to float pound, cut fuel subsidy
The Egyptian parliament's majority bloc Support Egypt announced in a statement Saturday that it fully supports the…
EgyptAir mulls rise in tickets prices following currency float move
State airline EgyptAir is studying increasing its prices for tickets within days following the central bank’s move…
Dollar jumps 138% against Egypt pound since 2011 revolt after float move
As Egypt’s central bank announced Thursday it floated the Egyptian pound, experts estimated that dollar has climbed…
Egypt stocks climb on currency float move
Egypt’s stock market climbed on Thursday after the central bank floated the currency, a step which could eventually…
NTRA may revise international portal licence prices on Egypt pound float move: sources
Egypt’s telecoms regulator the National Telecommunications Regulatory Authority (NTRA) may consider revising prices…
Liberalising exchange rate to encourage investments in Egypt: FEI’s El-Sewedy
The announcement of Egypt's Central Bank to liberalise exchange rate would encourage investments in Egypt and…
BREAKING: CBE floats Egyptian pound against dollar at 13.5
Central Bank of Egypt (CBE) decided Thursday to float the Egyptian pound according to market supply and demand.The…
Now is not the time to float Egyptian pound: c.bank governor
Egypt's central bank governor stated on Wednesday that it was not the right time to talk about floating the…
Souq.com plans floating in Cairo bourse within two years
Dubai-based Souq.com, the region’s biggest online retailer seeks to float in the next 18 to 24 months. “We are…
Egypt sold $500 mln in T-bills, bonds since devaluation,anticipates billions more
Investments in Egyptian treasury bills and bonds increased by $500 million since the Egyptian pound was devalued…
Egypt won’t float currency until FX reserves reach at least $25 bln
Egypt is "definitely not going" to float its currency with foreign currency reserves at their current level, the…
Egypt’s National Bank injects $2.5mn to float debts of paper firm
The National Bank of Egypt (NBE) has pumped 20 million Egyptian pounds (US$2.5 million) to float the debts of a…