Euro area GDP growth accelerates in Q1'25    Germany's regional inflation ticks up in April    Kenya to cut budget deficit to 4.5%    Taiwan GDP surges on tech demand    Germany among EU's priciest labour markets – official data    UNFPA Egypt, Bayer sign agreement to promote reproductive health    Egypt to boost marine protection with new tech partnership    Eygpt's El-Sherbiny directs new cities to brace for adverse weather    Cabinet approves establishment of national medical tourism council to boost healthcare sector    CBE governor meets Beijing delegation to discuss economic, financial cooperation    Egypt's investment authority GAFI hosts forum with China to link business, innovation leaders    Egypt's Gypto Pharma, US Dawa Pharmaceuticals sign strategic alliance    Egypt's Foreign Minister calls new Somali counterpart, reaffirms support    "5,000 Years of Civilizational Dialogue" theme for Korea-Egypt 30th anniversary event    Egypt's Al-Mashat urges lower borrowing costs, more debt swaps at UN forum    Egypt's Al-Sisi, Angola's Lourenço discuss ties, African security in Cairo talks    Two new recycling projects launched in Egypt with EGP 1.7bn investment    Egypt pleads before ICJ over Israel's obligations in occupied Palestine    Egypt's ambassador to Palestine congratulates Al-Sheikh on new senior state role    Sudan conflict, bilateral ties dominate talks between Al-Sisi, Al-Burhan in Cairo    Cairo's Madinaty and Katameya Dunes Golf Courses set to host 2025 Pan Arab Golf Championship from May 7-10    Egypt's Ministry of Health launches trachoma elimination campaign in 7 governorates    EHA explores strategic partnership with Türkiye's Modest Group    Between Women Filmmakers' Caravan opens 5th round of Film Consultancy Programme for Arab filmmakers    Fourth Cairo Photo Week set for May, expanding across 14 Downtown locations    Egypt's PM follows up on Julius Nyerere dam project in Tanzania    Ancient military commander's tomb unearthed in Ismailia    Egypt's FM inspects Julius Nyerere Dam project in Tanzania    Egypt's FM praises ties with Tanzania    Egypt to host global celebration for Grand Egyptian Museum opening on July 3    Ancient Egyptian royal tomb unearthed in Sohag    Egypt hosts World Aquatics Open Water Swimming World Cup in Somabay for 3rd consecutive year    Egyptian Minister praises Nile Basin consultations, voices GERD concerns    49th Hassan II Trophy and 28th Lalla Meryem Cup Officially Launched in Morocco    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 Noha Abd ElRahman
Drug price hikes lead Alexandria Co. profits to up 117% in 5 months: investors relations manager
Magdy Fouad, investors relations manager at Alexandria Company for Pharmaceuticals and Chemical Industries, revealed that the hike in the company profits in the five months ending in November 2017 can be traced back to a surge in the prices of drugs (...)

08 - 01 - 2018
October Pharma 2018 profits expected to decrease on Sigma deal: managing director
October Pharma (OP)'s profits are expected to decrease in 2018, due to purchasing medical products from Sigma Pharmaceuticals, Ahmed Zaghloul, managing director at OP, said. "To clarify, OP bought medical products from Sigma by obtaining a bank loan (...)

02 - 01 - 2018
EGX raises transactions value minimum, sets closing price at EGP 30,000 as of Tuesday
Mohamed Farid, chairperson of the Egyptian Exchange (EGX), made a decision to raise minimum transactions value, setting the closing price at EGP 30,000 instead of EGP 10,000, in order to tighten control on market transactions on the EGX. "This (...)

30 - 12 - 2017
FRA greenlights establishing 8 holding companies 24 hours after completion of required documents
The Financial Regulatory Authority (FRA)'s committee in charge of establishing and licensing companies has recently approved issuing shares and establishing eight holding companies, only 24 hours after the completion of their required (...)

27 - 12 - 2017
Base effect may lead inflation rate to moderate in coming few months
Amr Al-Alfy, head of the research sector at Mubasher International for Securities, expected that Egypt's inflation rate will start to moderate in the coming few months because of the base effect in December 2017. However, Al-Alfy assured that there (...)

26 - 12 - 2017
In midst of recession, clothes retailers call on Ministry of Supply to start sale season early
A state of recession hit the local clothes market this season, as winter clothes prices witnessed a surge after the floatation of the Egyptian pound last year, especially since most clothes on the market are imported. In addition, winter clothes (...)

25 - 12 - 2017
Finance lease contracts rose to EGP 22bn in 10M 2017: FRA report
Mohamed Omran, chairperson of the Financial Regulatory Authority (FRA), stated that the value of finance lease contracts rose to EGP 22bn during the first 10 months (10M) of 2017, compared to EGP 16.7bn in the corresponding period of 2016. "This (...)

25 - 12 - 2017
2018 to witness serious steps in terms of establishing commodity futures exchange: EGX board member
Shawkat Almaraghy, member of the Egyptian Exchange (EGX) board and managing director at the brokerage sector of HC Securities & Invetsment, revealed that the EGX board awaits parliament's approval on the updates to the stock market law, which (...)

23 - 12 - 2017
FRA issues formal warning on dealing in cryptocurrencies
Mohamed Omran, chairperson of The Financial Regulatory Authority (FRA) warned investors of the risks of recent calls for dealing in cryptocurrencies, assuring that these transactions do not submit to Central Bank of Egypt (CBE) (...)

19 - 12 - 2017
Approvals of issuing shares amounted to 4,044 during first 10 months of 2017: FRA
The Financial Regulatory Authority (FRA) revealed that the approvals of issuing shares to establish new companies and raising the capitals of existing companies during the 10 months ending in October 2017 amounted to about 4,044 approvals. According (...)

18 - 12 - 2017
New Castle IPO on NILEX postponed on FRA decision
Yaser Omara, chairperson at Eagle Advisors, revealed that the initial public offering (IPO) of New Castle for Sport Investment has been delayed to await the Financial Regulatory Authority (FRA)'s approval on the procedures of the IPO. "Dr. Mohamed (...)

17 - 12 - 2017
FRA insurance programme supports microbusiness financing
Mohamed Omran, chairperson of the Financial Regulatory Authority (FRA), revealed that the FRA set a meeting between microbusiness financing companies and insurance companies to support and stimulate the microinsurance products. "Insurance companies (...)

17 - 12 - 2017
GMC scheduled to double exports in 2018: company chairperson
Mohamed Genedy, chairperson of GMC Group for Industrial, Commercial and Financial Investments, and head of the Industrial Investors Association, asserted that company profits witnessed a surge in the first nine months ending in September 2017, due (...)

14 - 12 - 2017
Nasr Company anticipates surge in profits after damage compensation: chairperson
Nasr Company for Civil Works expects to witness a surge in profits after the implementation of Law 84 of 2017 for compensation, for contracting, supplies, and general services, issued by the Ministry of Financial Affairs, Eliwa Shalaby, chairperson (...)

12 - 12 - 2017
Despite mostly recessive winter season, real estate prices continue to rise
Owing to a relative recession that takes over the property market throughout the season, real estate prices usually drop during the winter season. However, this winter has shown a completely different face for business and residential (...)

11 - 12 - 2017
Ibnsina Pharma set final IPO price at EGP 5.8 per share
Ibnsina Pharma, one of Egypt's larg- est drug distributors, has set the final price of its initial public offering (IPO) on the Egyptian Exchange (EGX) at EGP 5.8 per share for institutions and individuals to sell 229 million shares. The IPO has (...)

05 - 12 - 2017
Importing companies to achieve stronger financials on CBE decision
A trend of optimism has come over the Egyptian Exchange (EGX), as the Central Bank of Egypt (CBE), removed caps on deposits and withdrawal of foreign currency for importers of non-essential goods. A stronger financial performance, a hike in sales, (...)

02 - 12 - 2017
Egyptians shift to poultry after unreasonable hike in meat, fish prices
Radical changes in the economic environment in Egypt that resulted from the flotation of the Egyptian Pound are reflected in the daily lives of Egyptian people. Because of a surge in the prices of commodities, most Egyptians think as if they perform (...)

29 - 11 - 2017
Gold rises on surge on world exchanges
The local gold market has suffered from a state of recession in terms of buy and sell movement during the past few years, because of a hike in the precious metal's prices. This is in addition to investors' reluctance to invest in gold, as they (...)

27 - 11 - 2017
Alnaeem to witness stronger 2018 performance: company CEO
Youssef Elfar, CEO of Alnaeem Holding for Investments, asserted that the company was not affected negatively by the devaluation of the Egyptian pound witnessed after the Central Bank of Egypt (CBE) floated the currency. He traced this back to (...)

26 - 11 - 2017
EGX70 likely to outperform EGX30 during Q1
Remon Nabil, market expert, asserted that the benchmark EGX30 index, rebounded strongly during last Thursday's trading session, after it had experienced strong downward trends throughout last week's trading sessions. "The benchmark EGX30 index added (...)

26 - 11 - 2017
Linking EGX with African exchanges enhances cooperation of the continent: CEO of SOLID Capital-Egypt
Mohamed Reda, CEO of SOLID Capital-Egypt, asserted that the Egyptian Exchange (EGX) had an effective role in African Exchanges during recent years, creating transforming experiences. This is why Mohammed Omran, chairperson of the Financial (...)

22 - 11 - 2017
Recently opened factory will increase Q4 profits: managing director of MBEN
Ahmed Bahaa, managing director of MB for Engineering and Contracting (MBEN), and member of the Egyptian Exchange's board, revealed that setting up the company's recently opened factory in Sixth of October city is expected to lead to a hike in (...)

22 - 11 - 2017
Malawi intends to direct investors to EGX: CEO of Malawi Stock Exchange
John Robson Kamang, CEO of Malawi Stock Exchange, declared that real communication between African exchanges, in terms of attracting more investors to capital markets, can be achieved through several means. "One of them is to have the communication (...)

21 - 11 - 2017
Attracting African investments, enhancing foreign transactions value on EGX
Market experts asserted that the trading value of foreign transactions on the Egyptian Exchange (EGX) amounted to EGP 8.34bn from early 2017 to the beginning of November, while the trading value of Arab transactions reached EGP 635m during the same (...)

20 - 11 - 2017
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