Latest Business News
US-funded training centre established in Assiut to support water services
Since 2009, USAID’s partnership with Assiut has helped over 370,000 residents have…
Egypt, USAID sign four agreements worth $59m
Agreements reflect USAID strong and enduring partnership with Egypt, says mission director
Delta Steel Mill to upgrade factories with EGP700m
Modernisation to turn the company’s EGP 50m annual losses into EGP 150m…
Tourism investors owe $180m to government
600 investors obtained lands from Tourism Ministry, failed to pay lands’ instalments
Microfinance balances increase to EGP 13.79bn end-June: FRA
Funding increased by EGP 4.04bn in a year, clients up 14.1%
Electricity plants make up 60% of Egypt’s gas consumption in FY2020/21
Production surplus will be exported via gas liquefaction plants, sources reveal
Fawry’s private placement, IPO oversubscribed for 16, 1.8 times, respectively
IPO to close tomorrow, trading begins on Thursday
Cautious optimism at EGX this week
Fawry’s IPO is likely to boost hopefulness in market, Eid holiday signals…
EFG Hermes accounts for 33.5% of EGX transactions in July
EFG Hermes conducted EGP 8.2bn of transactions thanks to institutions deals
Juhayna’s net profit declines 24.6% in H1 of 2019
Corporate’s consolidated revenues see 8% y-o-y rise in this period
