Punjab Province in Pakistan approves first Child Protection Policy    Moon Hall Cairo Opens June 15 as Egypt's First Centre for Learning Difficulties    CBE: Egypt's annual core CPI inflation quickens to 13.1% in May    Egypt's FM hails decade of strategic ties with China    Egypt's gold reserves inch up to $13.679b in May – CBE    Egypt's Sisi, UAE's Bin Zayed discuss Gaza ceasefire, regional stability    Microsoft offers free AI cybersecurity to European govt.    Egypt's EHA partner with Entlaq to advance health sector digitalisation    Egypt plans largest-ever Arafat Day meal distribution, citing national unity    Germany's service sector contracts sharply in May '25    Egypt's EDA holds strategic talks with Pi Pharma    Egypt unveils comprehensive new export rebate programme    Egypt's Abdelatty, Benin FM discuss bilateral ties, African security    Egypt pledges stricter controls on psychotropic drugs amid concerns over misuse, smuggling    Egypt hosts 3rd International Climate, Environment Conference to advance sustainable innovation    Egyptian FM, visiting Indian MPs discuss strategic ties, regional security    Three real estate platforms seek FRA licensing for investment funds    Egypt details economic strategy, private sector empowerment to Goldman Sachs    Egypt, Serbia explore cultural cooperation in heritage, tourism    Egypt discovers three New Kingdom tombs in Luxor's Dra' Abu El-Naga    Egypt launches "Memory of the City" app to document urban history    New Alamein City to host Egypt International Sculpture Symposium, "ART SPACE"    Palm Hills Squash Open debuts with 48 international stars, $250,000 prize pool    Egypt unearths rare Coptic-era structure in Asyut    Amun-Mes named as owner of Luxor's Kampp 23 tomb after 50-year mystery    Egypt's Democratic Generation Party Evaluates 84 Candidates Ahead of Parliamentary Vote    On Sport to broadcast Pan Arab Golf Championship for Juniors and Ladies in Egypt    Golf Festival in Cairo to mark Arab Golf Federation's 50th anniversary    Germany among EU's priciest labour markets – official data    Cabinet approves establishment of national medical tourism council to boost healthcare sector    Sudan conflict, bilateral ties dominate talks between Al-Sisi, Al-Burhan in Cairo    Egypt's PM follows up on Julius Nyerere dam project in Tanzania    Egypt's FM inspects Julius Nyerere Dam project in Tanzania    Egypt's FM praises ties with Tanzania    Paris Olympic gold '24 medals hit record value    A minute of silence for Egyptian sports    Russia says it's in sync with US, China, Pakistan on Taliban    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    

Articles of the author Mahmoud Hashem
Analysts expect negative effects on EGX after raising interest rates
The Central Bank of Egypt (CBE) continued its policy of reducing the money supply in the market through a new interest rate hike at the Monetary Policy Committee (MPC) meeting on Thursday, which has negative effects on short-term investments on the (...)

09 - 07 - 2017
EGX opens the candidacy door for companies registered in the main market and NILEX
The EGX announced on Thursday that it plans to reopen the door for candidacy for the seats of companies registered in NILEX, and that the elections of its board of directors is set to take place on 22 June and will be limited to the seats of (...)

18 - 06 - 2017
Horizontal movements of EGX during last week before Eid
The Egyptian Stock Exchange (EGX) trading in Ramadan was filled with strong upward movements and recorded a new historical peak amid the non-existent impact of the trading values and the recovery of the majority of the stocks with support from the (...)

18 - 06 - 2017
Egypt Kuwait Holding, Misr Financial Investments, Pharos Holding discuss purchase of National Company for Maize Products
A meeting was held between Egypt Kuwait Holding and representatives of the National Company for Maize Products (NCMD) to discuss the results of the non-disclosure examination, according to sources close to the sale deal of the NCMD. The sources said (...)

14 - 06 - 2017
Edita restructures product portfolio to recover sales in 2017
Edita Food Industries plans to recover the pace of sales growth this year and open new export markets. Menna Shams El Din, investor relations and business development manager at Edita, said that the company started implementing a strategy to (...)

13 - 05 - 2017
Exchange rate, MENA-SCS drive Orascom Telecom to profitability in 2016
Orascom Telecom, Media, and Technology achieved a net profit of EGP 897.5m in 2016, in contrast to a loss of EGP 3.6bn in 2015, driven by the flotation of the pound and the Middle East and North Africa Submarine Cable System (MENA-SCS). Telecoms (...)

13 - 05 - 2017
Stamp duty and interest rates hindered rising stock market movements
The stamp duty placed pressure on the stock exchange trading last week as it is activated on 17 May, but foreign buyers supported the index of the stock exchange to stand at 13,000 points, amid expectations of moving towards the 13,200 points level (...)

13 - 05 - 2017
Approving Investment Law moves EGX towards 12,850 points
The Egyptian stock exchange has continued its horizontal short-term movement amid relative consolidation of the weekend trading with support from the near approval of the Investment Law and the increasing interest of foreign institutions and the (...)

07 - 05 - 2017
EGX declined by 1.55% following ISIS bombings
The indexes of the Egyptian Stock Exchange (EGX) declined collectively during trading at the beginning of the week. The main market index lost 1.55% of its value to close at 12,895 points, after the terrorist bombings that hit two Egyptian churches (...)

09 - 04 - 2017
CIB sells 74.7% of CI Capital's shares worth EGP 710m
The Egyptian Exchange announced on Sunday the sale of 74.75% of CI Capital Holding's shares, affiliated to the Commercial International Bank (CIB), at EGP 710.158m. The EGX announced that 17 businesspeople have purchased 65% of CI Capital, in (...)

20 - 03 - 2017
EGID signs contract to host i-Score information centre
Egypt for Information Dissemination (EGID) signed a contract with i-Score to host the latter's information centre, starting in the third quarter of this year. Managing director of EGID, Maher Asham said that the company aims to build a regional (...)

15 - 03 - 2017
Strong USD drives EGX up by 500 points during last week
The performance of the Egyptian Exchange (EGX) took an upturn last week after reaching a satisfactory formula for the stamp tax law on EGX transactions. This supported the performance, pushing the main index up by 1,000 points, with a slowdown (...)

11 - 03 - 2017
A proposal to reduce stamp tax supports the cohesion of EGX
The Egyptian Exchange (EGX) indexes strengthened at the end of last week, following a wave of decline on the back of the high-stamp tax proposal, before the Ministry of Finance suggested to bring the rate down to 0.125%. The EGX has been suffering (...)

04 - 03 - 2017
SODIC achieves total revenues of EGP 2.1bn in 2016
Maged Sherif, managing director of Sixth of October Development and Investment Company (SODIC), said that the flotation of the pound doubled the company's revenues as it increased the demand for real estate. He added on Tuesday that the company (...)

28 - 02 - 2017
Expectations of EGX's rebound to continue towards 13,000 points this week
By Mahmoud Hashim Analysts in the market expect the rebound of the Egyptian stock exchange (EGX) to continue this week towards the level of 13,000 points, supported by the decision of the Central Bank of Egypt (CBE) to fix the price of banking (...)

18 - 02 - 2017
ADES to register in London Stock Exchange, Hermes possible IPO manager
Advanced Energy Systems (ADES) plans to issue a part of its shares in the London Stock Exchange during the second quarter of 2017. The company is discussing the possibility to offer its shares locally or to cancel its registration in the Egyptian (...)

10 - 01 - 2017
MNHD plans to secure EGP 2bn via banking alliance, repay within 8 years
Madinet Nasr for Housing and Development (MNHD) owns a number of real estate projects, including a 45km area on the Cairo-Suez Desert Road, Tigan, Al Waha, Primera, and Nasr Gardens. The company's paid-up issued capital stands at EGP 375m, divided (...)

14 - 11 - 2016
EFSA made legislative amendments to attract major companies to insurance, financial leasing sectors: chairperson
The Egyptian Financial Supervisory Authority (EFSA) made many legislative amendments to attract foreign direct investment to insurance and financial leasing sectors during the last period. Sherif Samy, chairperson of the EFSA, said in an interview (...)

27 - 09 - 2016
NI Capital evaluates 5 oil companies to offer 20% of their shares on the EGX
The Ministry of Petroleum and Mineral Resources provided a list of five companies to the Ministry of Investment and NI Capital—a subsidiary of the National Investment Bank and manager of the propositions programme—to begin procedures for offering (...)

01 - 08 - 2016
Tourism sector depends on domestic tourism for financial recovery
A number of tourism companies' financials, which are listed in the Egyptian Exchange (EGX), suffered from profit shrinkage while others suffered operational losses. Both have been attributed to the turbulence affecting the tourism sector over the (...)

11 - 01 - 2016
High levels of liquidity support raising stock market
The main stock market index EGX 30 marked a 1.1% increase by the closure of the transactions Monday. By the closure of transactions, EGX 30 recorded 7621.6 points, while EGX 50 increased by 1.8% reaching 1281.3 points. As for EGX 70, it increased by (...)

19 - 10 - 2015
Executive rule of law postponing EGX tax to be presented to Al-Sisi within days: Investment Minister
The Egyptian State Council is currently studying the final executive rule of the law postponing the capital gains tax on the Egyptian Exchange (EGX), according to Minister of Investment Ashraf Salman. On Tuesday, Salman told Daily News Egypt that (...)

08 - 07 - 2015
Israeli ministers discuss repairing Egypt-Israel relations
Israeli officials hope to restore Egyptian-Israeli relations even after the Egyptian attack upon the Israeli embassy, Israeli radio reported. Israeli radio reported that Minister of Environment Gilad Erdan said they would do everything to restore (...)

11 - 09 - 2011
Video: Iranian diplomat accused of spying is deported
CAIRO: An exclusive video displayed the Iranian Diplomat accused of spying in Egypt being deported in Iranian Talk show ‘the Truth.' Anchorman Wael el-Ibrashi said the Iranian diplomat was deported aboard a plane to Iran. El-Ibrashi said this (...)

05 - 07 - 2011
Egypt Press – July 4
Egypt press focused on the latest news on the clashes that broke out yesterday among vendors and demonstrators in Tahrir Square. Media reported the economic situation as Egyptian banks lost approximately 99 billion EGP (U.S. $16.6 billion) from (...)

04 - 07 - 2011
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