319 Articles
Investment in shares is more attractive compared to fixed-income instruments despite increase in interest rates by 3% on Thursday, say investment managers
Index targets 8,500-9,200 points, say analysts
Egyptian companiesâ ability to pass the price increase to consumers and banksâ ability to make the dollar available will determine attractive investment opportunities for Egyptian companies
Eastern Company to hold meeting within two weeks with Philip Morris to stress its desire to collect its dues in dollars whether for tobacco or their payment in installments
EGX30 expected to move sideways between 8,248 and 8,343 points
Company securing sugar needs through supply contract with private company, says chairperson Hani Berzi
Funding includes plant with capacity of 1.5m tonnes annually and development of existing lines, says managing director
The promotion of this IPO requires effective action, especially after the failure of covering the IPO last year, says company
Suez Canal traffic data showed that 275 ships transited the canal, with a total load of 15.2m tonnes, from 22 to 27 October. An average of 45.8 ships transited the canal per day during that period, with an average load of 2.5m tonnes per day. The average load per ship was about 55,270 tonnes during …
Sources at Edita Food Industries said they expect a government decision revoking the confiscation of 2,000 tonnes of sugar found at the company’s factory in Beni Suef within hours. The sources explained that the public prosecutor has not yet made a decision to revoke the sugar confiscation. They noted that the company reached out to …
The Suez Canal Authority, in coordination with the Central Bank of Egypt (CBE), started direct negotiations with several international shipping lines, including Maersk, CMA CGM, and MSC, to prepay transit fees three years in advance. The negotiations included France, Switzerland, and Denmark. These negotiations complement the negotiations opened by the authority with the representative offices …
The company froze its expansion plans due to its financial crisis resulting from the US dollar exchange hikes, with no intention to repeat the stock offering experience
Fund and portfolio owners preferred hiring full-time investment managers or granting a commission of only one in a thousand just to comply with EFSA terms and conditions
Fluctuations in exchange rates have pushed tyre manufacturers to monitor situation before concluding partnership to establish the factory
Technical analysts predicted that the benchmark index EGX30 at the Egyptian Exchange (EGX) would move sideways, between 8,000 and 8,500 points, after it failed to maintain stability above the resistance level of 8,500 points during last week. EGX30 fell by 2.86% last week to close at 8,277.2 points at the end of the week, compared …
Suez Canal traffic data showed that 334 ships transited the canal from 14 to 20 October, with a total load of 17.4m tonnes. An average of 47.7 ships transited the canal per day during that period, with an average load of 2.49m tonnes per day. The average load per ship was about 52,100 tonnes during …
The project will be established on Suez Canal territory, north-west Gulf of Suez with a production capacity of 1.2m tonnes
Corporate structuring before an IPO is an essential step, which takes more than a few weeks or months
Ehab Rashad, managing director of Mubasher Securities International and board member of Mubasher Securities Portfolio Management, said that the latter is negotiating the management of two private insurance portfolios valued at EGP 460m. Rashad also said that one of the two portfolios belongs to a public institution and is worth EGP 300m, while the other …
Despite the sugar shortage, the company managed to secure enough sugar required to operate its factories
Analysts and technical reports predict that stability on this level will make EGX move to 9,000 points this week
Suez Canal traffic data showed that 275 ships transited the canal, with a total load of 16.8m tonnes, from 8-13 October. An average of 45.83 ships passed through the canal per day during that period, with a daily average load of 2.8m tonnes. The average load per ship was about 61,000 tonnes. Before the inauguration …
The company will address the Public Tax Authority to suggest the health insurance tax value gradation according to cigarette types, rather than unifying it at EGP 0.5 per box
EFSA will proceed with establishment of commodity stock exchange under all circumstances
Suez Canal traffic data showed that 226 ships transited the canal from 1 to 5 October 2016, with a total load of 11.8m tonnes. An average of 45.2 ships transited the canal per day during that period, with an average load of 2.36m tonnes per day. The average load per ship was about 52,200 tonnes. …
Predictions by technical analysts and executives of brokerage firms that the Egyptian Exchange (EGX) would continue its rising trend found proof during this weekâs trading with support from purchases from foreign investors. They also expect that the EGX30 might test the resistance level of 8,500 points. The director of the technical analysis division of Osool Securities Brokerage, …
Recommendations address proposals on the appropriateness of conditions for the companies that the government did not settle on yet, to be offered in the food industry and electricity sectors
When the authorities related to investment funds request to register their certificates in the EGX, this will contribute to making amendments in the trading system and the rules of IPO, says Omran
The company opens a real estate investment file again after it was closed for nearly a year
While EFSA believes that Egypt deserves a better assessment in the âregulation of securities exchangesâ, investors assert that rules of finance are more complicated