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Business
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Markets & Companies
1/22/2024 3:05:22 PM
The Egyptian Exchange (EGX) indices and gold prices reached new record levels on Monday. The main index EGX30 surpassed 28,050 points and the 21-carat gold exceeded EGP 3,585 per gram.
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Business
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Economy
1/21/2024 2:09:18 PM
Egypt-listed Maridive and Oil Services announced that its subsidiary Ocean Marine UAE is finalizing a deal to sell a $40 million marine unit to settle a part of a $45.5 million debt to banks, according to a bourse statement on Sunday.
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Business
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Markets & Companies
1/17/2024 3:32:07 PM
The Egyptian Exchange (EGX) indices ended Wednesday in the red territory and the market cap lost EGP 5 billion.
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Business
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Markets & Companies
1/3/2024 3:53:00 PM
The Egyptian Exchange (EGX) indices ended Wednesday with mixed performance and the market cap lost only EGP 1 billion.
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Al-Ahram Weekly
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Economy
1/2/2024 8:42:51 PM
Chairman of the Egyptian Stock Exchange Ahmed Al-Sheikh explains the reasons behind the bourse’s exceptional gains during 2023 and its ambitious plans for the year ahead to Sherine Abdel-Razek
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Business
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Markets & Companies
12/31/2023 3:50:53 PM
The Egyptian Exchange (EGX), started the week on a positive note, with all indices closing in the green. Simultaneously, gold prices witnessed an upward trend, with the price of 24-carat gold peaking at EGP 3,617 per gram.
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Business
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Markets & Companies
12/26/2023 3:32:46 PM
The Egyptian Exchange (EGX) indices shrugged off some of their gains on Tuesday. However, gold prices are making history, as the gold pound coin gained more than EGP 1,000 in one day, reaching a record level of EGP 26,080.
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Business
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Markets & Companies
12/18/2023 2:09:30 PM
Telecom Egypt (TE) has received multiple non-binding offers to buy its broadcasting towers, according to a bourse statement released on Monday.
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Business
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Economy
12/14/2023 9:03:07 PM
The Egyptian Exchange (EGX) indices suffered fluctuations throughout the week that ended on 14 December, as profit-taking increased on leading stocks.
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Business
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Markets & Companies
12/13/2023 2:30:46 PM
UAE-based company B Investments is inching closer to finalizing the acquisition of up to 90 percent of the Sawiris family's Orascom Financial Holding (OFH), which is valued at EGP 4.25 billion ($137.51 million), via share swap, after the conclusion of the fair value (FV) report, according to a bourse filing on Wednesday.
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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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