Egypt
Egypt: All EGX indices up, benchmark increases 0.4%
The Egyptian Exchange (EGX) indices went up collectively at the close of Tuesday’s trading. The market capital gained some LE 2.3 billion, registering ...
Egypt
Egypt: Telecom Egypt achieves 12% revenue growth in Q1 2022
Telecom Egypt has announced strong Q1 2022 results for the period ending 31 March 2022 with consolidated revenue growing 12% YoY landing at EGP ...
Egypt
Egypt Faces Debt Risks over High Non-Resident Outflows
The rising exit of foreign investors poses a major risk to the Egyptian debt service payment on the back of low external reserves ...
Egypt
Egypt: Egypt’s central bank raises interest rates 200bps during May
The Monetary Policy Committee (MPC) decided, Tuesday to raise the Central Bank of Egypt’s (CBE) overnight deposit rate, overnight lending rate, and the ...
Egypt
Egypt: Egyptian startup Doxx raises $1.5M in seed round
The Egyptian start-Up Doxx raised $1.5 million in seed round, with expansions to close the cycle of patients’ needs, while continuing to be ...
Egypt
Egypt: Egypt’s central bank for Egyptian pound holder to be winner in medium term
The Central Bank of Egypt (CBE) aims for the holder of the Egyptian pound to be the winner in the medium term, according ...
Egypt
Egypt: Egypt remains top recipient of FDI in Africa for 5th year in a row
Egypt has remained as a top recipient of foreign direct investment in Africa for the fifth year in a row in 2020/2021, reaching ...
Egypt
Egypt: Egypt’s central bank joins Network for Greening Financial System
The Central Bank of Egypt (CBE) announced Monday joining the Network for Greening the Financial System (NGFS), which is one of the most ...
Egypt
Egypt: Banque Misr acquires all shares of Banque du Caire
Banque Misr raised its stake in Banque du Caire from 57.14 percent to 99.99 percent, according to the Commercial International Securities Brokerage Company. ...
Egypt
Egypt: Egypt’s Net Foreign Asset Turns Negative
Central Bank of Egypt data showed that its net foreign asset (NFA) position decreased a sharp $13.7 billion to negative $5.1 billion – ...
