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07 June 09:11 AM

Deposits denominated in local currency grew by EGP 40.6 billion
Egypt’s local-currency deposits hit a record EGP 3.1trn in April

By: Heba El-Kordy Cairo – Mubasher: Local-currency deposits held by the Egyptian banking sector continued its upward trend in April for the 14th month in a row, hitting a new record. Deposits denominated in local currency grew by EGP 40.6 billion …
The market cap value gained EGP 9.5 billion
EGX30 ends Thursday at highest level since mid-March
Egypt's construction and building industry is valued at $25 billion
Fitch sees Egypt as MENA's largest construction market by 2029 – Cabinet
The deal involved the trading of 11.52 million shares
Dice sees EGP 18.4m block-trading deal
Chinese exports to Egypt declined to $3.08 billion
Egypt’s non-oil imports down 21% in 4M – CAPMAS
The branch will be closed for four days
HDB temporarily closes Zamalek branch after COVID-19 case
Egypt Arab Global Commodities
EGX30
10,621.14 1.89% 197.04
Volume 370,073,809 Turnover 1,411,933,142 No. of Trades: 42,933
57 Down 3 Flat 129 Up
No. of Traded Stocks : 189
Last Update: 4 June 02:29 PM
Latest News
The market cap value gained EGP 9.5 billion
EGX30 ends Thursday at highest level since mid-March Trading Activities
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Egypt's construction and building industry is valued at $25 billion
Fitch sees Egypt as MENA's largest construction market by 2029 – Cabinet Real estate
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The oil exports represented 93.28% of Kuwait's total exports
Kuwait's oil exports slump to KWD 3.61bn in Q1-20 Commodities
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The deal involved the trading of 11.52 million shares
Dice sees EGP 18.4m block-trading deal Insider Trading & Treasury Stocks
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Chinese exports to Egypt declined to $3.08 billion
Egypt’s non-oil imports down 21% in 4M – CAPMAS Macroeconomics
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The branch will be closed for four days
HDB temporarily closes Zamalek branch after COVID-19 case Banking and Finance
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The 342-km-long road is planned to comprise three lanes in each direction
Sisi approves Kuwaiti loan to finance Tunnel-Sharm El-Sheikh Road Macroeconomics
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A total of 27% of government investments have been directed into education and health
Egyptian gov’t investments stand at EGP 113bn in 9M Macroeconomics
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These projects have contributed to creating about 12,000 jobs
KSA’s grant of $200m finances 2,176 Egyptian businesses so far Macroeconomics
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Minister of planning and economic development, Hala El-Saeed
Egypt reports growth in several sectors in Q3-19/20 despite COVID-19 Macroeconomics
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Mubasher Exclusive
The temporary limits were imposed to encourage the use of cashless payment methods
Egypt to raise cash withdrawal limit for individuals in Ramadan Central Banks
EFG Hermes acted as the financial advisor
Four banks, Saudi investor buy Sukuk issued by Talaat Moustafa’s unit Sukuk and Islamic Finance
The projects include rerouting the International Coastal Road
Egypt builds roads, bridges at EGP 2.54bn in New Alamein City Real estate
Accrued interest will be paid on a monthly basis
Banque Misr sells EGP 12.3bn of 15% certificates in 7 days Banking and Finance
New Garden City spans over an area of 985 feddans
Egypt develops New Garden City at EGP 80bn Real estate
A total of EGP 24.9 billion has been disbursed so far
Egypt’s slum development plan estimated at EGP 396.2bn Real estate
Rate on floating certificates of deposits was cut to 10.5%
Banque du Caire maintains certificates interest rates unchanged Central Banks
Certificates will be offered on Sunday
Banque Misr, NBE to issue 15% savings certificates Banking and Finance
Each bank injected EGP 1.5 billion into a number of listed companies
Banque Misr, NBE inject EGP 3bn into Egyptian bourse Banking and Finance
Experts call for delaying due payments to the government
Egypt's tourism sector to incur $1bn monthly losses on flight suspension Macroeconomics
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Islamic Finance
The bank has set the minimum subscription at SAR 10 million
NCB launches SAR-denominated Tier 1 Sukuk Sukuk and Islamic Finance
Sharjah has issued AED 4 billion Sukuk
Sharjah pumps AED 4bn liquidity to support banking system Sector Reports
HSBC was hired as global coordinator for the transaction
Sharjah launches new dollar-dominated Sukuk Sukuk and Islamic Finance
The issuance is part of a Sukuk programme at a maximum value of $2 billion
Warba Bank receives regulatory approval for KWD 150m Sukuk Banking and Finance
The outlook on all ratings was changed to ratings under review
Moody’s downgrades Arabian Centres ratings Sukuk and Islamic Finance
Riyad Bank and MIS signed the finance agreement on 4 May
MIS signs SAR 290m Islamic finance deal Banking and Finance
Dividends will be distributed at SAR 0.0674 per unit
Albilad Sovereign Sukuk ETF announces dividends Sukuk and Islamic Finance
The banks' investments in stocks were lowered to AED 9.1bn in March
UAE banks slash bond, stock investments in March Treasury Bills
Capital Market Authority (CMA)
Mudaraba Fintech application receives experimental permit Markets Regulations
Sukuk trading suspension will begin on 15 June 2020
Riyad Bank to redeem SAR 4bn Sukuk Trading Activities
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Arab Markets
The market cap value gained EGP 9.5 billion
EGX30 ends Thursday at highest level since mid-March Trading Activities
Egypt's construction and building industry is valued at $25 billion
Fitch sees Egypt as MENA's largest construction market by 2029 – Cabinet Real estate
The benchmark index closed at 7,207.78 points
Tadawul maintains downward streak for third day Trading Activities
The total number of recoveries reached 19,572
UAE's coronavirus cases exceed 37,000
The oil exports represented 93.28% of Kuwait's total exports
Kuwait's oil exports slump to KWD 3.61bn in Q1-20 Commodities
The deal involved the trading of 11.52 million shares
Dice sees EGP 18.4m block-trading deal Insider Trading & Treasury Stocks
Chinese exports to Egypt declined to $3.08 billion
Egypt’s non-oil imports down 21% in 4M – CAPMAS Macroeconomics
Turnover amounted to AED 222.95 million
ADX gains AED 1.81bn on Thursday Trading Activities
The market cap value jumped by AED 3.74 billion
DFM exceeds 2,000 pts at Thursday's close Trading Activities
Tijara and Real Estate Investment came on top of the green zone
Boursa Kuwait closes Thursday on gains Trading Activities
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International Markets
Global markets may return to fundamentals in 2020 –Emirates NBD
BOE maintains rates at 0.75%, drops limited and gradual tightening
Fear arises as Brexit impact on power sector still unclear
Uber, Hyundai team up to launch future Uber Air Taxis
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