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EGX 30 index closed at 9,912.98 points, recording an increase of 7.68%. EGX70 EWI index posted 14.15% gain concluding the session at 959.42 points, while the S&P index rose by 8.46% and concluded the session at 1,379.63 points.
The EU Bank is already in contact with companies and organisations seeking to fund the search for COVID-19 vaccines and medication
Every EGP 1 injected into The Sovereign Fund of Egypt brings 10-fold from investors
Company starts constructing 6 giant mobile tankers with different capacities
HSSAG proposes implementation of waste-to-energy project
Elsewedy Electric, Business France sign MoU to enhance bilateral cooperation
Swiss delegation visits STA, Hero’s factory
Company aims to achieve EGP 1bn in sales of Baymount Sokhna project during the current year, says Maven co-founder
Moreover, the cabinet approved the establishment of a special unit to look into citizenship by investment applications.
Meit Ghamr zone’s investors praise services, utilities supervised by MIIC
First phase of King Salman University to open in Q1 of 2020
Fitch expects EGP to maintain a slow appreciatory trajectory against US dollar in 2019, deteriorating global financial conditions could negatively impact Egypt’s access to foreign capital
Key investors such as AstraZeneca, BP Egypt, GSK, HSBC, Vodafone Egypt, Shell, and Unilever participated in the forum, to discuss their future investment plans and identify ways to improve the business environment in Egypt.
Authority receive requests to implement 10GW projects in feed-in tariff programme, says El-Khayyat
Media Avenue honoured leading companies, most influential figures in the renewable energy sector
This conference aims to showcase the Egyptian economy’s latest developments, in light of the country’s economic reform programme, to inform investors in the UAE and international peers about investment opportunities in many sectors and companies listed in Egypt.
EGP ending CY 2019 at 17.26 per USD, CY 2020 at EGP 17.82 per USD, says FocusEconomics
Collective growth of assets classes, excluding capital protection and guarantee, while money market, Islamic funds top the list
Monetary easing cycle to create jobs, positively reflect on middle class, say experts
Total loans granted to agricultural projects reach EGP 14.2bn in 2018/18 up from EGP 9.6bn in 2016/17
Company produces 40,000 barrels of crude oil per day, says company’s CEO
The projects, worth €110m come as part of the €500 Single Support Framework (SSF) for EU to Egypt 2017-2020.
Companies injected $1bn in new investments in 3 years, says Danish ambassador
Education, health sectors have yet to benefit from reforms’ freed-up resources, says report
The second edition of the country’s cross sector investment map includes new 2,000 investment opportunities in addition to the 10,000 opportunities that were already in the first edition, a statement of the MIIC said.
The proposed acquisition aims to increase the market share of Prime Holding in the Egyptian market to compensate for the low transaction values in the Egyptian market, Prime Holding Vice Chairperson, Mohamed Maher, told Daily News Egypt
Regarding the visits of German business delegations to Egypt, the ambassador commented that many small, medium, and big business delegations are interested in investing in Egypt.
Delegation includes approximately 40 Egyptian companies in various fields
Trade exchange between Egypt, Russia hits $7.66bn in 2018
The proposals would help to coordinate between the four entities in order to find innovative solutions to some of the problems affecting the growth of real estate investment in Egypt.