Foreign investments back to Egypt as FX crunch fades away
Government’s steps to amend economy lure investors to pour fresh cash
Elsayed Solyman
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Latest by Elsayed Solyman
Huge opportunity for private sector in Egypt’s healthcare industry: JLL
Public expenditure on healthcare averages around 5.2% of the Egyptian state budget in 2016
Egypt’s fiscal progress falls short of IMF goals: Capital Economics
The authorities have set themselves a deficit target of 9.1% of GDP
Remittances from expatriate Egyptians rising, as currency flotation pays off
July transfers reach $1.8bn against $1.2bn a year earlier
Local sell-offs weigh on Egypt shares in August, likely to resume rally
Fresh catalysts could shore up local stocks during September
Egypt growth improves as investment expands, says Focus Economics
Improved investor sentiment was evident by a surge in international reserves in July
Russian Transport Ministry believes there is no need for further security checks in Cairo’s airport
Russia doesn’t see any need for additional security check for Egypt airports, a senior Russian official told Tass news agency on Tuesday. “At present, we do not see any need to carry out any additional checks,” Transport Minister Maxim Sokolov told TASS in response to a question. The minister also noted that the report on …
Egypt’s oil and gas sector on a roll after years of turmoil: report
The hefty international contracts should pave the way to explorations in the oil-rich Western Desert
Egypt signs 3 new gas, oil exploration deal with Shell, Apex
The deals include investment of about $81.4m
EGOTH profits grow 85% in FY 2016/17 as tourism sector revivesÂ
Sherif El Bendary to succeed Samir Hassan as company’s chairperson
Middle East M&A deal volume falls in H1 as investors escape troubled markets: report
The number of deals executed in MENA dropped by 23% to 192 transactions in the six months ending in June
Leather tanning chamber says old Egypt tanneries aren’t procrastinating to move to Robeeky
The chamber confirms that 80% of tanneries are awaiting allocation decisions
Egypt shares extend slide for 2nd week, await fresh stimulus
Foreign investors dump local stocks ahead of Eid Al-Adha vacation
SODIC to finish Caeser project by August 2018
The project valued at EGP 900m, all units sold
EFG Hermes Leasing signs joint venture agreement to finance small businesses in Egypt
The agreement comes in line with the government’s focus on SMEs
Egypt financial watchdog turns down Reacap Financial Investments’ fair value study
The stock price hover around its highest level in six yearsÂ
Egypt shares resume fall in a week, as foreign investors sell
Profit-taking likely to continue ahead of Eid Al-Adha vacation
Elsewedy Electric reports 68% hike in Q2 profits on higher revenues
The company proposes cash dividend to shareholders of EGP 8 for H1 2017
Falling inflation should pave way for prolonged monetary easing cycle: Capital Economics
Fuel prices need to increase by an additional 140% by 2018/19
TMG posts 61% increase in H1 2017 as sales accelerate
The company raises annual sales budget to EGP 11.4 billion
EFSA says Wadi Degla should obtain its approval to acquire Reacap shares
The authority halted the trading on Recap’s stocks for further details about the fair value
Egypt shares record first weekly gain in a month amid heavy trade
Foreign investors served as a buoyant to the market, likely to extend rally
Madinet Nasr for Housing & Development posts 246% hike in H1 net profit
Delivered units totalled 146 units in H1 2017, EGP 2.5bn in contracted sales
First goals of Egypt economy reform plan have been met, says BNP Paribas
A research note expects 2017 to be a transition year for the local economy
Subir Lall to succeed Chris Jarvis as IMF mission director in Egypt
Egypt will soon get a new IMF mission director, as current chief Jarvis’ three-year term in the country has come to an end. Jarvis is scheduled to pass the torch on to former Portugal Mission Chief Subir Lall, who previously served as mission chief for Germany, Indonesia, Korea, Malaysia, and the Netherlands. The Brown and …
Egypt’s PMI rises in July as exports orders increased for fourth consecutive month
Companies surveyed expressed optimism that economy would improve over next yearÂ
Egypt shares extend sideways, await new stimulus
EGX30 lost 0.5% in a week to close around 13,400 points
Egypt bourse lifts restrictions on GDR deals as FX crunch eases
Egypt’s bourse on Tuesday officially eliminated restrictions on GDR deals, in a sign that the FX crunch that hit the most populous Arab country has been solved, according to a press release issued by the Egypt Exchange. The bourse said that its board of directors decided to remove restrictions that force the proceeds of global …
NI Capital, Ayady, Post for Investments launch EGP 50m micro-finance fund
NI Capital, the investment arm of the National Investment Bank, Ayady for Investment and Development, and Post for Investments have joined forces to establish Tamweely for Microfinance with an issued capital of EGP 50m and an authorised capital of EGP 500m, according to a press release on Tuesday. According to the statement, Tamweely for Microfinance …
EGX profits stand at EGP 103m in H1 2017
Egypt’s stock market’s net profit came in at EGP 103m in the first half (H1) of 2017, the stock exchange’s (EGX) chairperson Mohamed Omran said on the sidelines of a press conference in Cairo on Sunday. According to Omran, the exchange net profit in 2016 came in at EGP 101m. Omran, who was speaking about …