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Latest by Alyaa Stohy
Naeem recommends SWDY as a BUY with EGP 17.16/share
Company to choose winner bid in April, taking 30-45 days to assess offers, says chairperson
Company plans to increase exports to 70% from 55% by year-end
Head of technical analysis at Pharos Holding Mohamed Osman believes the benchmark EGX30 is still hovering on its previous low at the support level of 13,550 points, thus the consistency of trading above that level paves the way for a possible rebound.
The amendments would allow more flexibility in the funds’ investment policies by solving some problems faced in this type of funds. The suggested amendments were discussed in community dialogue sessions managed by the FRA with such funds’ representatives.
Plans to launch at least 12 new molecules each year in the medium-term
Companies importing production inputs from China look for new suppliers
Both companies will retain their brands, operations to be integrated: MM group investment director
Total revenues reached EGP2.6bn growing 39.2% YoY
Beltone, Hermes, Shuaa, Arqaam are top nominees to begin
Egypt Gas aims to expand the construction of natural gas stations for Car Gas, Gas Tec
CIAF is currently preparing to float $50m sukuk, and promotions are underway to launch them, which is the first sukuk offering witnessed in the Egyptian market, after the approval of legislative controls for issuing sukuk in Egypt.
Year 2019 is a good year economically, sees several positive indicators, says Karim Helal
Company gets no applications so far, although it answers many inquiries, says El Deeb
A Saudi bank is negotiating with BLOM to acquire its unit in Egypt: Sources
New acquisitions opportunities to produce pharmaceutical products that the company does not cover: Morsi
Hermes comes in second place with transactions of EGP 3.5bn, and Financial Brokerage Group is third
Ahmed Fahim, head of technical analysis at Al-Shorouk Brokerage Company, said that the main index will continue its bullish move to target the new resistance level at 14650 points this week, which, if penetrated, the index will target 15000 points
Company to use IPO to fund opportunistic acquisition of pharmaceutical companies
Amer Group has submitted the requested traffic study on the project to the competent authority, and is awaiting for its review to complete the project which is expected to be delivered within five years.
The deadline extended until the practice prospectus is prepared in December
Company’s muted sales growth reflected the overall pressure witnessed in F&B sector, says Pharos
EGP 1bn allocated for new company’s expansion, says El-Tayeb
The company initiates arbitration proceedings against Genting Casinos for VAT due
ALCN, AFC listings expected to be deferred to 1Q 2020
Despite improving macro conditions and consumer spending behaviour, Pharos expects muted growth in Juhayna, Domty and Obour Land companies’ core product offerings caused by existing market maturity in their respective segments.
Company established in participation of the EGX, Ministry of Supply, set 5 conditions to accept goods traded
Upward movements within a transverse range await more new catalysts
18% decline in the company’s revenue in Q1FY20 as a result of lower number of containers dropping by 18%