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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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Markets & Companies
12/6/2023 3:23:51 PM
The Egyptian Exchange (EGX) indices ended all in the red on Wednesday and the main index EGX30 lost more than 400 points.
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Business
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Markets & Companies
11/30/2023 3:37:37 PM
The Egyptian Exchange (EGX) ended the week as it started it; with mixed performance. The main index closed in the red territory for the third session in a row. Gold prices also tumbled on Thursday.
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Business
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Markets & Companies
11/26/2023 3:53:54 PM
APM Investment Holdings, a subsidiary of the Egyptian ASEC Company for Mining (ASCOM), sold 35 percent of its share in Kurmuk Gold Project in Ethiopia to Allied Gold Corporation (AGC), a Canadian company, for a total of $99.6 million, according to a bourse filing on Sunday.
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Business
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Markets & Companies
11/23/2023 7:24:36 PM
The Egyptian Exchange (EGX) broke yesterday’s historic records and the main index recorded a new all-time-high on Thursday, surpassing 25,500 points. Gold prices declined, but stayed at the highest levels in months.
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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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Markets & Companies
11/19/2023 3:59:59 PM
The Egypt-listed Commercial International Bank (CIB) has secured a $150 million loan from the European Bank for Reconstruction and Development (EBRD) to cushion against economic risks, according to a bourse statement on Sunday.
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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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Markets & Companies
11/15/2023 5:54:47 PM
The Egyptian Exchange (EGX) ended in the green on Wednesday with the EGX30 approaching its historic high, while gold prices jumped and the 24-carat gold hit a new summit at EGP 3,109 per gram.
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Business
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Markets & Companies
11/14/2023 3:45:36 PM
The Egyptian Exchange (EGX) indices ended nearly flat on Tuesday and the market cap gained only EGP 3 billion. Gold prices rose, with the 24-carat reaching EGP 3,017 per gram.
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Business
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Energy
11/12/2023 3:10:24 PM
TAQA Dalbit, a subsidiary of Egyptian energy company TAQA Arabia, opened in Tanzania the country’s first natural gas fueling station and conversion centre for vehicles, according to a bourse statement on Sunday.
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Business
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Markets & Companies
11/9/2023 4:04:59 PM
Egypt's major e-payment company, Fawry, denied that any of its platforms or online services had been subjected to cyber attacks, according to a bourse filing on Thursday.
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Business
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Markets & Companies
11/8/2023 4:39:31 PM
The Egyptian Exchange (EGX) main index EGX30 reached an all-time high on Wednesday, helping the market cap gain EGP 35 billion. Gold prices continue rising today and the 24-carat reached EGP 3,000 per gram.
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Business
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Markets & Companies
11/7/2023 2:02:21 PM
Orascom Construction signed two contracts with the National Authority for Tunnels (NAT) to contribute to two major transportation projects in Egypt, the Greater Cairo Metro fourth line and the high-speed train, according to a bourse filing on Tuesday.
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Business
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Markets & Companies
11/6/2023 6:05:09 PM
The Egyptian Exchange (EGX) plans to introduce a new index compatible with Islamic Sharia in the first half of 2024, said Ahmed El-Sheikh, the Chairman of EGX.
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Business
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Markets & Companies
11/2/2023 9:52:53 PM
After breaking records last week, the Egyptian Exchange (EGX) indices ended the week with mixed performance.
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Business
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Markets & Companies
11/2/2023 3:56:01 PM
The Egyptian Exchange (EGX) indices rebounded on Thursday. The main index, EGX30, was the slowest grower in the market. Gold prices edged lower.
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Business
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Economy
10/31/2023 6:13:16 PM
The state-owned Egyptian Chemical Industries Company (KIMA) reported a decline in natural gas supplies, according to a bourse statement on Tuesday.
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Business
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Markets & Companies
10/31/2023 4:42:58 PM
The Egyptian Exchange (EGX) indices tumbled on Tuesday with the main index losing 885 points and the market cap losing over EGP 60 billion, while gold prices increased marginally.
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