Foreign direct investment (FDI) is a leading contributor to real economic growth, which prompts the Egyptian economy to attract long-term investors, says Managing Director of Al Ahly Capital Holding Karim Saada.
Al Ahly Capital's investment (...)
Egyptian Exchange (EGX) indexes rose collectively at the end of last week, with market dealers expecting the EGX to continue its upward to test 15,000 points in the short term, after Saudi Telecom Company (STC) offered to buy a majority stake of (...)
Pioneers Securities rose 8 positions to the top spot among brokerage firms in January, during January, with a trading value that amounted to EGP 3.6bn, individually accounting for 11.7% of the total volume of market transactions during the (...)
Mohamed Omran, head of the Financial Regulatory Authority (FRA), reviewed the most important events that happened to the authority throughout the last year, including the approval of the consumer finance draft law and sending it to the parliament (...)
The Egyptian Exchange (EGX) saw ups and downs last week, where separate movements of some stocks made the difference. The Commercial International Bank (CIB) played the main role recently, in the absence of regular incentives, in pushing the EGX (...)
Arab Moltaqa Investments Company (AMIC) aims to double its investment portfolio over the next two years by entering new sectors, such as education, real estate, and logistics, which have strong investment opportunities.
Managing Director of AMIC (...)
The Egyptian Exchange (EGX) witnessed an increase last week with the support of the banking sector led by the Commercial International Bank (CIB), which accounted for about a third of the market's trading during the week. Traders expected the market (...)
The Egyptian Exchange (EGX) witnessed some losses at the beginning of last week, affected by geopolitical tensions in the region. However, the market limited its losses by the weekend session. Traders expected the market to see more upside in the (...)
Sideways trend dominated the last week's trading sessions in the Egyptian Exchange (EGX), and traders expected this trend to continue this week amid positive expectations for the EGX in 2020.
This positive outlook is supported by the easing monetary (...)
Azimut Egypt Asset Management plans to launch new investment vehicles in the coming period, starting with an Egypt-focused equity fund to be based in Luxembourg.
The company has completed the procedures to establish the fund in October. It will be (...)
The Egyptian Exchange (EGX) witnessed a rise over the past week sessions, and traders are expecting a strong rebound in the medium term after the Christmas holidays, to test the level of 14,500 points.
The benchmark index EGX30 saw a rise of 0.35% (...)
CAIRO: Egyptian presidential candidate Abdel Moneim Aboul Fotouh gave a speech on the alliance stage in Tahrir Square today during the Friday of One Demand demonstrations.
“We are ready to sacrifice new martyrs in order to protect the January 25 (...)
CAIRO: The Main stage in Tahrir Square announced a stop to today's Friday of One Demand protest after the number of protestors started to decrease gradually.
Despite the announcement, supporters of Egyptian presidential candidate Hazem Salah Abu (...)
Dozens of Egyptians gathered in Tahrir Square early October 28 to be ready for Friday of the Only Demand.
Protestors demanded Egypt's ruling military council to deliver their authority to an elected civilian authority as soon as possible (...)
Sheikh Mazhar Shahin today led the Friday prayer in the iconic Tahrir Square before nearly 15,000 demonstrators scattered around the main platform.
“Demonstrators in Tahrir will not forget the blood of the martyrs and they will continue to demand (...)
CAIRO: Prominent Egyptian politician Ayman Nour participated in today's demonstrations, called the ‘Friday of Rectification. Nour, leader of the liberal al-Ghad Party and expected presidential candidate, said the objectives of Egypt's January 25 (...)
CAIRO: A state of calm spread in Tahrir Square on the first day of holy Islamic month of Ramadan. The demonstrators are continuing their protests quietly in their tents.
Local committees were reduced at entrances into Tahrir. Car drivers, (...)
Family members of the victims of Egypt's January 25 Revolution are continuing their sit-in for the second day outside Maspiro, the headquarters of the Egyptian television and radio in downtown Cairo.
The families demand the trial of those (...)