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Egypt
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Society
12/8/2023 5:33:23 PM
Egypt’s National Telecommunications Regulatory Authority (NTRA) announced imposing a fine of EGP 20 million on Telecom Egypt (WE) on Friday following a serious widespread breakdown in telecom infrastructure and disconnection of voice and internet services on Tuesday.
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Business
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Markets & Companies
12/7/2023 4:34:50 PM
The Egyptian Exchange (EGX) indices ended all in the red for the second day in a row on Thursday. Gold prices rose slightly and the value of the golden pound coin gained by EGP 40.
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Business
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Economy
12/6/2023 6:53:03 PM
The Egyptian government’s revenues surged 29.5 percent year-on-year to EGP 335.13 billion ($10.83 billion) during the first three months of the fiscal year (FY) 2023/2024, according to data released by the Ministry of Finance.
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Business
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Markets & Companies
12/5/2023 4:18:15 PM
The Egyptian Exchange (EGX) indices had mixed performance on Tuesday and the market cap lost EGP 6 billion.
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Business
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Economy
12/3/2023 6:49:51 PM
The Egyptian government is currently reviewing partnership offers worth EGP 8 billion ($258 million) from investors in the real estate sector, Mahmoud Esmat, Minister of Public Business Sector, said on Sunday.
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Business
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Markets & Companies
12/3/2023 4:45:00 PM
The Egyptian Exchange (EGX) started the week with mixed performance, while the main index ended Sunday in the red territory, causing the market cap to lose EGP 11 billion.
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Business
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Economy
12/1/2023 4:08:28 PM
Egypt's Minister of Supply and Internal Trade Ali Moselhi urged citizens to not buy kilograms of sugar for more than EGP 27, promising that the current crisis will be resolved next month.
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Business
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Markets & Companies
11/30/2023 9:46:52 PM
The Egyptian Exchange (EGX) saw varied performance over the week, but the corrections-driven decline in the main index led the market cap to plunge by nearly 2 percent, recording around EGP 1,677 billion.
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Business
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Economy
11/30/2023 7:30:56 PM
The USD declined slightly against the Egyptian pound in the parallel market, hovering around EGP 49.5, as the Central Bank of Egypt (CBE) injected $2 billion to regulate the market, a source from the import sector who preferred not to be named told Ahram Online on Thursday.
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Business
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Markets & Companies
11/28/2023 3:39:15 PM
The main index of the Egyptian Exchange lost nearly 800 points on Tuesday, leading the market to suffer an EGP 34 billion loss in market capitalization. Gold prices remained at yesterday’s levels.
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Business
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Markets & Companies
11/27/2023 5:26:10 PM
Egypt's Administrative Capital for Urban Development Company (ACUD) targets a projected profit of EGP 26 billion by the end of 2023, which surpasses the EGP 20 billion in profits achieved in 2022, Chairman Khaled Abbas said on Monday.
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Business
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Markets & Companies
11/26/2023 4:28:57 PM
The Egyptian Exchange (EGX) indices started the week with mixed performance and the market cap lost EGP 9 billion, while gold prices rose and the 24 carats reached EGP 3,189 per gram.
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Business
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Economy
11/26/2023 12:12:28 PM
The Egyptian government has announced the allocation of EGP 202 billion for supporting its pension system during the fiscal year (FY) 2023/2024, said Mohamed Maait, minister of finance, according to an official statement on Saturday.
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Business
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Economy
11/22/2023 11:50:32 PM
The gold holdings of the Central Bank of Egypt (CBE) increased by 6 percent to EGP 249.64 billion ($8.08billion) in October from EGP 235.64 billion ($7.63 billion) in September, according to the monthly balance sheet released on Wednesday.
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Business
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Markets & Companies
11/21/2023 3:47:18 PM
The Egyptian Exchange (EGX) indices end Tuesday slightly higher and the main index returned to a level near its all-time high. Gold prices surged and the 24-carat per-gram price hit a new peak at EGP 3,189.
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Business
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Economy
11/20/2023 5:06:11 PM
The value of services provided through the electronic payment and collection system has reached EGP 7.8 trillion since its launch in 2019, Egypt’s Minister of Finance Mohamed Maait said in a statement on Monday.
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Business
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Markets & Companies
11/20/2023 4:10:18 PM
The Egyptian Exchange (EGX) ended in the red on Monday. Gold prices rose and the gold pound coin reached EGP 21,880 for purchase.
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Business
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Markets & Companies
11/19/2023 3:35:43 PM
The Egyptian Exchange (EGX) started the week by breaking records; the main index EGX30 ended at a new all-time high of nearly 24,900 points. Gold prices inched higher and the 24-carat gold reached EGP 3,109 per gram.
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Business
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Markets & Companies
11/16/2023 5:23:21 PM
The Egyptian Exchange (EGX) announced Thursday the acquisition of 30 percent of Egypt’s leading tobacco producer, Eastern Company, by Emirati company Global Holding for EGP 16.4 billion ($530.86 million).
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Business
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Economy
11/16/2023 2:57:18 PM
Sugar prices in Egypt increased in the past week, reaching up to EGP 39 per kilo, as vendors and food and beverages companies increase their inventory ahead of the fasting month of Ramadan.
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