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06 July 03:49 AM

The state budget includes expenditures of EGP 1.7 trillion
Egypt’s parliament approves EGP 80bn additional allocation to 20/21 budget

Cairo – Mubasher: The Egyptian parliament approved a bill for earmarking an additional allocation of EGP 80 billion to the new budget for fiscal year 2020/2021, the Middle East News Agency (MENA) reported on Sunday. The final decision on the draft …
90% of the late fees will be waived if the taxes are paid within 60 days
Egypt's parliament passes law to waive late fees on taxes
The market cap gained EGP 10.2 billion
EGX ends Sunday in green; market cap rises to 4-month high
The new funding will help 1,525 young breeders
Egypt approves EGP 306m funding for veal project
Fujifilm collaborates with GRA, Dr Reddy’s for potential coronavirus drug
The resignation has been effective as of 1 July
Talaat Moustafa Group approves deputy CEO's resignation
Egypt Arab Global Commodities
EGX30
10,959.35 1.81% 194.76
Volume 453,389,515 Turnover 1,079,740,894 No. of Trades: 42,502
56 Down 4 Flat 137 Up
No. of Traded Stocks : 197
Last Update: 5 July 02:30 PM
Latest News
The state budget includes expenditures of EGP 1.7 trillion
Egypt’s parliament approves EGP 80bn additional allocation to 20/21 budget Macroeconomics
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90% of the late fees will be waived if the taxes are paid within 60 days
Egypt's parliament passes law to waive late fees on taxes Taxes
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The market cap gained EGP 10.2 billion
EGX ends Sunday in green; market cap rises to 4-month high Trading Activities
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The new funding will help 1,525 young breeders
Egypt approves EGP 306m funding for veal project
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Fujifilm collaborates with GRA, Dr Reddy’s for potential coronavirus drug Global Reports
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The resignation has been effective as of 1 July
Talaat Moustafa Group approves deputy CEO's resignation Board of Directors
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The CBE launched an initiative to support the industrial sector in December 2019
CBE offers EGP 69bn under industry support initiative Banking and Finance
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Green bonds can be used to finance exiting or future projects
Egypt to implement green projects with EGP 447bn in FY20/21 Macroeconomics
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The number of residential units connected to natural gas reached 11.1 million
Egypt connects 1m residential units with natural gas in FY19/20
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The company’s revenues surged to EGP 10.4 billion
Qalaa Holdings records 9-fold rise in losses in Q1-20 Financial Results
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Mubasher Exclusive
The local currency depreciated by 3% against USD in the last period
CBE expected to keep interest rates unchanged on EGP depreciation Central Banks
IEA sets $3trn green economic recovery plan Global Reports
Egypt aims to establish and develop 47 seawater desalination plants
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The temporary limits were imposed to encourage the use of cashless payment methods
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EFG Hermes acted as the financial advisor
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The projects include rerouting the International Coastal Road
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Accrued interest will be paid on a monthly basis
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New Garden City spans over an area of 985 feddans
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Rate on floating certificates of deposits was cut to 10.5%
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Islamic Finance
The offering aims to meet SABB’s financial and strategic needs
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The Sukuk programme is valued at a maximum KWD 2 billion
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Indonesia is the largest Sukuk issuer on Nasdaq Dubai
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The issuance was a tap on a $1 billion Sukuk
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The Sukuk is the first ever AAA-rated sustainability Sukuk
IsDB lists $1.5bn Sukuk on Nasdaq Dubai Sukuk and Islamic Finance
DP World is expected to sell perpetual Sukuk at 6.125%
DP World forecast to sell $1.5bn perpetual Sukuk Sukuk and Islamic Finance
The five-year Sukuk has attracted 150 investors
Sharjah Islamic Banks lists $500m Sukuk on Nasdaq Dubai Banking and Finance
The bank has set a margin of return at 240 bps
DIB sells $300m in 2026 Sukuk tap Sukuk and Islamic Finance
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A sum of SAR 138.7 million was distributed
Arabian Aramco Total Services partially redeems sukuk Banking and Finance
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Arab Markets
The state budget includes expenditures of EGP 1.7 trillion
Egypt’s parliament approves EGP 80bn additional allocation to 20/21 budget Law
90% of the late fees will be waived if the taxes are paid within 60 days
Egypt's parliament passes law to waive late fees on taxes Macroeconomics
The market cap gained EGP 10.2 billion
EGX ends Sunday in green; market cap rises to 4-month high Trading Activities
The proposed dividends represents 10% of the share’s par value
MIS plans SAR 20m dividends for H1-20 Cash Dividends
The new funding will help 1,525 young breeders
Egypt approves EGP 306m funding for veal project
The trading volume reached 303 million shares on Sunday
TASI gains 76 pts at Sunday’s close Trading Activities
KSA recorded 1,980 new recoveries over 24 hours
KSA reports 3,580 COVID-19 cases on Sunday
Emirates SkyCargo aims to be in line with growing economic activities
Emirates SkyCargo to add 100 destinations from July Companies Investments
Expired residence visas will be extended for expats abroad
Saudi Arabia renews residence permits for 3M Macroeconomics
Fujifilm collaborates with GRA, Dr Reddy’s for potential coronavirus drug Global Reports
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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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