Port Said Container and Cargo Handling — the operator of the West Port Said Container Terminal — is preparing to offer part of its shares on the Egyptian Exchange (EGX) in 2023.
Informed sources told Daily News Egypt that the company plans to offer (...)
The Egyptian Post Authority intends to acquire SMART for smart card applications as part of supporting the company's plan for digital transformation during the coming period.
SMART works in the field of e-government projects and electronic (...)
The Ministry of Public Enterprises witnessed a strong movement on the path of development over the past five years after it adopted a plan for financial, administrative, and organisational restructuring to get companies under the ministry's umbrella (...)
Amer Al-Ajmi, Executive Vice President of alfanar, said Tuesday his company aims to pump about SAR 2bn ($533m) in the Egyptian energy and telecommunications sectors.
The Saudi company signed two agreements, one of which was with the Arab (...)
Benya — which specialises in providing digital solutions and technology infrastructure — is targeting a business volume of EGP 5bn by the end of this year after reaching more than EGP 3.5bn last year, according to Chairperson and CEO of Benya Group (...)
A horizontal trend dominated the performance of the Egyptian Exchange (EGX) in Sunday's session, recording a decline in liquidity levels to about EGP 370m due to the varying performance of indicators.
The main index of the market, the EGX30, (...)
The sideways trend dominated the performance of the Egyptian Exchange (EGX) during Monday's session, amid the decline in liquidity levels to about EGP 370m, due to the varying performance of indicators.
The benchmark index EGX30 decreased by 0.21% (...)
Abdulaziz Al-Tuwaijri, Chairperson of Hadhim company for dates, said they aim to invest in the Egyptian market and plant 10 million palm trees in New Valley governorate, in cooperation with the Egyptian private sector, starting from next year.
He (...)
The coronavirus pandemic has accelerated the growth of the digital payments market — especially in Egypt and emerging markets — doubling the size of the market locally, especially since Egypt has more promising opportunities in the sector and is (...)
The Stock Exchange's (EGX30) main index closed with an upward move of 2.84% at the end of session on Tuesday, reaching a stable 10,588 points.
It was supported by local purchases on a package of low priced stocks selected that were attractive to (...)
The Egyptian Exchange (EGX) fell by 9.34% on Sunday, suffering its biggest decline since November 2012, losing 1,045 points as a result of the measures announced by the government last Friday to face the COVID-19 epidemic.
The benchmark index EGX30 (...)
For the eighth consecutive quarter, investment funds continue to attract investors to their assets to exceed EGP 50.4bn after adding EGP 6.3bn in the first half (H1) of 2019, compared to EGP 44.1bn at the end of 2018, a growth of 14.3%.
The growth (...)
Revolta Egypt and EFG Hermes Financial Group signed an agreement to finance electric car charging cards, the two companies revealed in a joint press conference Monday.
Mohamed El Shabrawy, the chief business officer at ValU, EFG-Hermes's non-bank (...)
The General Assembly of the Holding Company for Cultural and Cinematic Investment was held at the headquarters of the Supreme Council of Culture in the middle of July after Prime Minister Mostafa Madbouli had issued the decree No. 1432 of 2019 to (...)
Amer Group Holding's board of directors has approved the appointment of Hisham Arafat as the company's new chairperson.
Arafat will succeed Mansour Amer who submitted his resignation on Monday, the company said in a statement.
As Egypt's former (...)
Amer Group Holding's board of directors has approved the appointment of Hisham Arafat as the company's new chairperson.
Arafat will succeed Mansour Amer who submitted his resignation on Monday, the company said in a statement.
As Egypt's former (...)
The public offering of Sarwa Capital was oversubscribed around 30.1 times, recording a strong demand of EGP 6.5bn, equivalent to 887,409,725 shares, compared with 29,517,073 shares offered.
Brokerage CEO at Beltone Financial, Mostafa Abdel Aziz, (...)
The decision by the Cairo Criminal Court to hold the defendants in the case of manipulating the Egyptian Exchange (EGX), including the sons of former president Hosni Mubarak led to the fall of the EGX indicators by 3.6%, making it the largest daily (...)