Brent crude sustained at $70/barrel and above, could require future fuel price reviews
Price surge led by rising demand from Asia, besides OPEC+’s decision not to raise production
Alyaa Stohy
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Latest by Alyaa Stohy
SIDPEC expects to finalise contractor for propylene plant by end-March
The source said that the move comes as the previous offer had exceeded the budget. They added that decisions with regards to future capital requirements, including the need for a capital increase, would only be known upon finalisation of a contractor for the propylene plant.
EGX sees strong selling pressure for 5th session straight
Stocks account for 42.62% of total value traded on main market, remaining 57.38% captured by bonds over last week
Domty reports strong results, net profit of EGP 52.9m in Q4 2020
Company recovers most of its lost market share during 2020
Egypt car sales jump 49% y-o-y in January 2021
Passenger car sales increased 71% y-o-y to 14,900 units in January
Companies reinstate ambitious expansion plans as COVID-19 repercussions subside
GB Auto plans to spend about EGP 260m in capex during 2021
Palm Hills buys EGP 4.2bn worth stake in its education subsidiary from Mansour-Maghraby
MMID also sells 11% stake in East New Cairo for Real Estate Development to Palm Hills
Beltone comes first in February brokerage ranking with EGP 10.9bn transactions
Hermes takes runner-up with EGP 6.2bn, whilst sister company Financial Group falls to sixth
Onsi Sawiris appointed Beltone Financial Chairperson, four depart board
Changes came as part of transferring Beltone Financial’s ownership to Orascom Financial Holding Company, instead of Orascom Investment Holding
Banks would have to face winds of changes, modernize their technology infrastructure: CIB Chairperson
Future onboarding of new clients, growing customer base may be faster, less dependent on physical premises compared to previously, says Sherif Samy
Financial Regulatory Authority announces 2020 Excellence Award winners
Awards granted for most distinguished women leaders
GB Auto reports resilient revenue performance, strongest bottom-line to date
Past year has tested resilience of GB Auto’s business model, strength of its market position, says CEO Raouf Ghabbour
Madinet Nasr Housing and Development records net profits of EGP 1.1bn in 2020
Company plans to distribute EGP 648m cash dividends for second consecutive year
After pandemic-caused market uncertainty, highly anticipated IPOs stand in queue in 2021
Taaleem to start its IPO by end-March, with Ebtikar, e-finance, and Banque du Caire following suit in 2H
Legislative, economic reforms drive Egyptian market growth: Misr Capital
CBE’s tendency to reduce interest rates created great demand from companies to finance their expansions through debt instruments
Brokerage, asset management firms to be replaced by technological apps in 10 years
Mubasher Capital activates custodian services, gets close to acquiring company for investment funds
EGX to launch ‘Tamayoz’ index, new closing prices mechanism in 2021: Chairperson
Current trading rates indicate Egyptian stock market’s readiness to receive new IPOs, says Mohamed Farid
EIPICO targets 2023 start of Biosimilar Project with EGP 400-600m revenues in 1st year
Local market size for oncology and hormone-based products is estimated at EGP1.5bn, which is currently 100% imported
Orascom Development sees 32.3% increase in real estate sales in Q4 2020
Company announces it ended year on net sales of EGP 6.2bn
MNHD eyes medium, long-term expansion to different areas
Company is particularly interested in Egypt’s North Coast region
Palm Hills Developments plans securitisation worth EGP 2.5bn in FY 2020/21
Company has concluded securitisation of EGP 1.5bn in receivables in Q4 of 2020
Bayer, Ibnsina Pharma sign importation, distribution partnership in Egypt
Partnership will give patients across Egypt unprecedented access to latest pharmaceutical treatments available: Ibnsina Pharma Chairperson
Adopting conservative attitude, selected stocks purchases are best investment policy
EGX30 closes at 11,380.55 points, recording decline of 1.44% last week
Egypt financial regulator, investment banks discuss stimulating corporate bonds trading
EGX enjoys competitive investment environment among global markets as least expensive, says Mohamed Omran
Elsewedy signs EGP 711m infrastructure contract for South Valley Development Project
Project covers electrical infrastructure works for first phase of South Valley project
CIRA studies acquisition opportunities, plans to invest EGP 800m in 2021
CIRA issued sukuk bonds worth EGP 600m, and gained 75 bps above Egyptian corridor rates which resulted in interest rate of about 10% for seven-year tenor
Ebtikar restructures to include only Masary, Bee for e-payment before EGX debut
Company plans to put Basata on EGX in 2022 after transferring non-banking services under its umbrella
Egyptian Exchange eyes breaking 11,675 points resistance level this week
EGX30 closed at 11,546.32 points, recording decline of 0.45% last week
CI Capital’s Taaleem for education management to conclude IPO by H1 2021 end
Taaleem reported EBITDA margin north of 50%, while being cash rich, debt free in FY 2019/20
Banque Misr submits tender offer to acquire 90% stake in CI Capital
News of Banque Misr’s intention to acquire further shares in CI Capital pushed company’s stock to its highest level in 8 months