CEO and Managing Director of NI Capital Holding Mohamed Metwally reviewed the company's expansion plan in 2022 and his expectation for the government offerings programme during the year in addition to the most prominent challenges facing the (...)
The Financial Regulatory Authority (FRA) is working on developing new financial products and providing all financing tools necessary to keep pace with developments in global markets and provide the best international practices as well as provide new (...)
A source in Abu Qir Fertilizers has said that the expansion plans during 2022 will include three projects.
He noted that Abu Qir Fertilizers' long awaited Methanol project awaits the revised feasibility studies. The company explained that the old (...)
The Egyptian Exchange has declined to 11,500 points due to the selling pressure during the last week, and if this situation continued this week, the market would go down towards the next support level of 11,350 points.
In the event the market rises, (...)
Ezz Steel has announced its intention to establish its second melt shop in a few months' time and expects it to become fully operational by early 2023.
The new project costs nearly EGP 3bn, EGP 1bn of which is in equity and EGP 2.3bn in loans to (...)
The Egyptian Exchange is still subject to more profit-taking this week until it can confirm the breach of the key 12,000-point level.
The benchmark index EGX30 closed at 12,012.31 points last week, recording a decline of 0.26%. Additionally, EGX70 (...)
EFG Hermes has announced that its Promotion and Underwriting Sector succeeded in completing the first issuance of securitisation bonds for Madinet Nasr Housing and Development (MNHD) with a value of EGP 300m as part of a 3-year bond issuance (...)
The Egyptian Exchange Listing Committee has announced listing of the Macro Group Pharmaceuticals Company (Macro Capital) in the main stock market.
The issued capital of Macro Capital amounted to EGP 115.4m distributed over 577.3 million shares, with (...)
The volume of microfinance activities in Egypt increased by 40.01% to EGP 25.01bn in October 2021, compared to the EGP 17.86bn recorded a year earlier, according to a report by the Financial Regulatory Authority on non-banking financial activities (...)
Mobile wallets in Egypt increased by 27% year-on-year to 25 million in 2021, with 227 million transactions, almost double the volume of transactions in 2020, according to the Financial Regulatory Authority (FRA).
The total transactions conducted by (...)
Palm Hills is expected to launch its first sukuk offering in January 2022, with a value of EGP 3bn, and to be followed by another offering with a value of approximately EGP 2bn before the middle of the year, according to an official source.
The (...)
Initial public offerings (IPOs) on the Egyptian Exchange (EGX) amounted to EGP 7.95bn in 2021. This included three IPOs, two of which were private sector offerings, Taleem for Management Services and Emerald for Development and Project Management, (...)
The Financial Brokerage Group topped the financial intermediary companies' transactions on the Egyptian Exchange in 2021 by executing transactions worth EGP 103.879bn, representing about 11.2% of the total Egyptian market transactions.
The (...)
Egypt witnessed EGP 2.5bn worth sukuk issuance during 2021, conducted by Contact Holding, while the offering of Palm Hills sukuk was postponed to January 2022, according to an official source.
This contradicted the very optimistic expectations among (...)
Shareholders of Orascom Construction have approved the $35m worth acquisition of an importing company owned by the Sawiris family.
Orascom Construction said in a disclosure sent to the Egyptian Exchange (EGX) on Tuesday, that the approval of the (...)
Mohamed Omran, Chairperson of the Financial Regulatory Authority (FRA), said on Monday that the new social insurance law will come into effect by the second half of 2022.
Omran's remarks came during a press conference to launch the first optional (...)
Minister of Public Enterprises Sector, Hisham Tawfik, said that Egypt produces 7.8 million tonnes of nitrogen fertilizers and 2.4 million tonnes of phosphate fertilizers annually, while the local production of ammonia nitrate amounted to 1.1 million (...)
The Egyptian Exchange (EGX) will test this week its ability to confirm the breach of the resistance area of 11,700 points upwards, as confirmation of its breach will target the level of 12,000 points.
The benchmark index EGX30 closed at 11,755.46 (...)
The Financial Regulatory Authority (FRA) has approved the listing of three companies on the Egyptian Exchange (EGX), according to FRA Chairperson Mohamed Omran.
They were: Macro Group for Pharmaceuticals (Macro Capital), with a fair value of (...)
EFG Hermes has successfully signed a sale and leaseback agreement amounting to EGP 750m with Madinet Nasr for Housing and Development (MNHD).
EFG Hermes' investment banking division acted as the financial advisor for the transaction, which will (...)
Mohamed Farid, Chairperson of the Egyptian Exchange (EGX), has discussed the role of the stock market in supporting the economic and social development plans adopted by the Egyptian government to improve the quality of life of Egyptians.
During a (...)
Prime Capital has announced that the EGP 37m worth private placement of Ghazl El-Mahalla Football Company will be completed by the end of this week.
The public offering on the Egyptian Exchange will be launched within the next few weeks. Ghazl (...)
The Egyptian Exchange (EGX) keeps moving sideways, failing to test the resistance area of 11,700 points
EGX30 closed at 11,667.73 points, recording an increase of 1.15%. EGX70 EWI posted 0.79% gain concluding the last week at 2,131.58 points, while (...)
Ezz Steel – Alexandria will buy 18% of the total equity in the Egyptian Steel Group from Ahmed Abou Hashima, the founding partner.
The company said in a statement to the Egyptian Exchange on Sunday, that the total value of the purchase amounted to (...)
The Egyptian Exchange (EGX) has been witnessing some profit-taking operations in the last week. However, the market currently takes an upward direction.
The benchmark index EGX30 closed at 11,534.63 points, recording an increase of 1.91%. EGX70 EWI (...)