Banks’ capital increases by EGP 13.74bn in April: CBE
The increase came as a result of using a part of the reserves, as well as the revaluation of capital in foreign exchange in some banks
Industry accounts for 35.9% of total credit facilities granted by banks until end of April: CBE
The services sector came in second place, followed by the commercial sector, while the agriculture sector is at the bottom of the list
Unstable dollar price behind fluctuation in banks’ deposits, loans after flotation: CBE
Most banking indicators experience a rise and fall every month because of revaluation of assets in foreign exchange
GroFin MENA aims to increase investment in Egypt to EGP500M by end of 2018: investment director
$500m investments in Africa and MENA, with aim to grow to $700m by end of 2018
Pharos Research initiates coverage for EBE with ‘overweight’ recommendation
Pharos Research has initiated its coverage of Export Development Bank of Egypt (EBE) with an “Overweight” recommendation, and assigned the stock a fair value (FV) evaluation of EGP 24.52 per…
Egypt shares extend sideways, await new stimulus
EGX30 lost 0.5% in a week to close around 13,400 points
Earnings and company news you should know about in the past week
North Cairo Mills profits soars 163% in FY16/17 The financial indicators of North Cairo Flour Mills showed a rise in profits by 163% year-on-year in fiscal year 2016/2017, according to…
Factors to watch in Egypt’s stock market in the week ahead
When Egypt’s stock market starts trading on Sunday 6 August, most investors should be watching the following factors in the week ahead, while some companies hold their ordinary general meetings…
Industry Ministry plans to use German experts to develop new automotive industry strategy
Egyptian Auto Feeders Association (EAFA) refuses to hire foreign experts, describing the step as "a waste of time and money"
Suspect arrested in Luxor attack
Militants fired at the police checkpoint when their car was being searched, three suspects still at large
