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Business
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Economy
7/31/2023 6:09:44 PM
Egypt's Minister of International Cooperation Rania Al-Mashat has been appointed as a member of the board of directors of the Abu Dhabi Islamic Bank Egypt, according to a bourse filing on Monday.
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Business
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Markets & Companies
7/27/2023 3:20:13 PM
The Egyptian Exchange indices ended on a mixed note on Thursday, while gold prices continued their recovery.
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Business
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Markets & Companies
7/26/2023 6:25:51 PM
The Egyptian Exchange (EGX) announced discontinuing the EGX50 equally-weighted index as of 1 August 2023, according to a statement on Wednesday.
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Business
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Markets & Companies
7/25/2023 2:30:10 PM
The National Service Projects Organization (NSPO), an army entity, acquired a 20% stake in local energy company TAQA Arabia for EGP 1.63 billion ($52.75 million) Egypt's bourse announced on Tuesday.
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Business
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Economy
7/24/2023 4:50:23 PM
The Egyptian Exchange ended in the red territory on Monday, and the market cap lost EGP 4 billion. Gold prices increased slightly.
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Business
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Economy
7/12/2023 2:55:24 PM
Egypt's leading real estate developer Talaat Mostafa Group (TMG) has submitted an offer to the Egyptian government to acquire a "significant stake with management rights in a sizable portfolio of seven state-owned hotels,” according to a bourse statement on Wednesday.
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Business
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Markets & Companies
7/11/2023 4:42:54 PM
The voluntarily delisting from the Egyptian Exchange has been accepted by the board of directors of Al Ezz Dekheila Steel Alexandria, a division of Ezz Steel, Egypt's biggest steel manufacturer.
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Business
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Economy
7/9/2023 5:42:53 PM
Commercial International Bank (CIB) has announced receiving $250 million in long-term loans from the International Finance Corporation (IFC) to support its capital and fund green projects, according to a bourse statement on Sunday.
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Business
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Economy
7/9/2023 2:36:33 PM
TAQA Arabia, a subsidiary of Cairo-based Qalaa Holdings, started trading on the Egyptian Exchange (EGX) on Sunday, celebrated by the bourse's chairman and top company officials with a bell-ringing ceremony.
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Business
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Markets & Companies
6/22/2023 8:34:29 PM
Gold prices continued their gains on Thursday, as the gold pound rose by EGP 240, while stock market indices results were mixed.
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Business
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Markets & Companies
6/21/2023 5:52:14 PM
Gold prices inched slightly higher on Wednesday after declining the day before, while the stock maket indices all ended in red area.
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Business
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Markets & Companies
6/18/2023 4:29:40 PM
The Egyptian Exchange's indices saw very active trading on Sunday, with the benchmark reaching a historic level above 18,000 points. Gold prices decline.
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Business
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Markets & Companies
6/18/2023 1:46:32 PM
The Sawiris family's Orascom Financial Holding (OFH) has received an acquisition offer for up to 90 percent of its shares by investment management firm B Investments, according to a bourse filing on Sunday.
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Business
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Markets & Companies
6/6/2023 5:36:28 PM
Gold prices continued dropping on Tuesday, and Exchange's benchmark, EGX30, inched up 0.84 percent.
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Business
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Economy
5/31/2023 9:05:40 PM
Both the gold and stock markets saw negative performance on Wednesday; the gold pound lost EGP 80 of its value while the bourse's benchmark incurred a slight decrease of 0.22 percent.
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Business
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Markets & Companies
5/29/2023 5:24:37 PM
Gold prices started a downward trajectory after a few days of stability, while the Egyptian Exchange's benchmark, EGX30, inched up 0.47 percent to go over 17,200 points.
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Business
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Markets & Companies
5/18/2023 7:25:15 PM
The Egyptian Exchange (EGX) experienced a downturn by the end of this week on Thursday, 18 May; and the market cap lost EGP 33 billion, standing at EGP 1.09 trillion, down from EGP 1.136 trillion in the previous week's end.
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Business
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Economy
4/19/2023 1:12:15 PM
Egyptian company Egytrans approved a proposal to acquire 99.9 percent of the share capital of National Transport and Overseas Services Company (NOSCO), a bourse filing read on Tuesday.
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Business
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Markets & Companies
3/23/2023 10:26:40 PM
The Egyptian Stock Exchange (EGX) saw collective gains in its indices at Thursday's close of trading, with the total market value increasing by EGP 49 billion to record EGP 1.006 trillion up from the previous week's EGP 957.1 billion.
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Business
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Markets & Companies
3/15/2023 7:17:15 PM
Egyptian Exchange (EGX) indexes posted a record losses of 4.2 percent at the close of Wednesday's trading, reportedly recording the bourse’s largest daily loss since the start of the coronavirus pandemic in 2020.
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