Cairo – Mubasher: Egypt’s net international reserves grew by $113 million to $38.314.5 billion in July, data by the Central Bank of Egypt (CBE) showed on Thursday. The country’s foreign reserves reached $38.201 billion in June and $36.003 billion …
Cairo – Mubasher: Egypt’s Suez Canal has generated $27.2 billion in revenue for the last five years, the chairman of the Suez Canal Authority (SCA) Osama Rabea said. About 90,000 vessels have crossed Suez Canal with a net tonnage of 5.5 billion …
Mubasher: The Bank of England (BoE) maintained interest rates steady, but warned that the economy could take longer to recover from the coronavirus (COVID-19) crisis.
Cairo – Mubasher: The board of directors of Porto Group Holding decided to provide a guarantee to its subsidiary Porto October. The company’s chairman and managing director has been authorised to sign a joint guarantee agreement at a value of EGP …
Cairo – Mubasher: Alexandria Customs collected total taxes of EGP 1.105 billion for issuing customs clearance for cars and spare parts at a combined value of EGP 3.908 billion in July, the head of the Egyptian Customs Authority, Kamal Negm, said …
Cairo – Mubasher: Orascom Development Egypt (ODE) signed a land sale agreement with Mangroovy for Hotels. Under the deal, Mangroovy for Hotels will purchase a land plot in El-Gouna over an area of 40,654 square metres for EGP 104.8 million ($6.6 …
Cairo – Mubasher: The Central Bank of Egypt (CBE) will offer treasury bills (T-bills) worth EGP 20.5 billion on Thursday on behalf of the Ministry of Finance. The first tranche of the T-bills amounts to EGP 9.5 billion and will be offered through …
Cairo – Mubasher: The Egyptian President Abdel Fattah El-Sisi instructed the government to increase the funding allocated for the National Project for Veal Revival by EGP 1 billion. The project is aimed at achieving a balance in the local meat …
Cairo – Mubasher: Alexandria Portland Cement has submitted a request to delist its shares from the Egyptian Exchange (EGX) in accordance with the extraordinary general meeting’s (EGM) decision on 14 July. The request will be referred to the …
Cairo – Mubasher: The Egyptian Exchange (EGX) closed Wednesday’s trading session on a positive note, supported by local and Arab purchases. The main EGX30 index rose by 0.79% to end at 10,704 points, while the small- and mid-cap EGX70 EWI …
Cairo – Mubasher: The Egyptian General Authority for Supply Commodities (GASC) announced the launch of a local purchase tender for vegetable oils. The state-run body aims to purchase a minimum of 3,000 tonnes of soyoil and 2,000 tonnes of …
Cairo – Mubasher: Gold prices continued its rising trend in the Egyptian market, reaching an all-time high on Wednesday, according to the gold division at the Federation of Egyptian Chambers of Commerce (FEDCOC). The price of 24-karat gold …
Cairo – Mubasher: Egypt’s losses in tourism revenues could exceed 2% of the country’s gross domestic product (GDP) in 2020 due to the coronavirus (COVID-19) crisis, the International Monetary Fund (IMF) said in a report on Tuesday. The expectation …
Cairo – Mubasher: The consolidated financial statements of Madinet Nasr Housing and Development (MNHD) showed a 6% year-on-year (YoY) drop in its net profits to EGP 482 million in the first half (H1) of 2020 from EGP 511 million. The company’s …
Cairo – Mubasher: The board of directors of Arab Cotton Ginning decided to increase the capital of its 99.89%-owned subsidiary Amwal Al Arabia for Cotton Company. The company is currently studying the size and method of the capital increase, …
Cairo – Mubasher: Orascom Investment Holding (OIH) announced the end of negotiations with Qatari Diar Real Estate Investment Company and Bawabet Al Sharq Misr For Real Estate Development. Orascom was eyeing the acquisition of a stake in Bawabet Al …
Cairo – Mubasher: The unaudited consolidated financial results of Arab Cotton Ginning reported net losses of EGP 65.38 million in the first nine months of fiscal year 2019/2020, against net profits of EGP 18.68 million in the year-ago period. The …
Cairo – Mubasher: The unaudited financial results of Alexandria Co. for Pharmaceuticals and Chemical Industries showed a 54% year-on-year (YoY) growth in its net profits to EGP 173.8 million in fiscal year 2019/2020 from EGP 112.8 million. The …
Cairo – Mubasher: Egypt's non-oil private sector contracted at its lowest pace in a year in July as key parts of the economy such as tourism and hospitality started to reopen. The seasonally adjusted IHS Markit Egypt Purchasing Managers’ Index …
Cairo – Mubasher: Madinet Nasr Housing and Development (MNHD) made a recommendation to the board of directors of Nasr Company for Civil Works for allowing Odin Investments to conduct a due diligence process. The process will be made after Odin …
Cairo – Mubasher: Alexandria Portland Cement reported net losses of EGP 212.75 million in the first half (H1) of 2020, up by 26% year-on-year (YoY) from EGP 168.99 million, the company’s unaudited consolidated financial results showed. The cement …
Cairo – Mubasher: The Egyptian Exchange (EGX) closed Tuesday’s trading session on a positive note on the back of local and Arab purchases. The main EGX30 index rose by 0.19%, ending the session at 10,620 points, while the small- and mid-cap EGX100 …
