
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
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Price surge led by rising demand from Asia, besides OPEC+’s decision not to raise production
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.
Stocks account for 42.62% of total value traded on main market, remaining 57.38% captured by bonds over last week
Company recovers most of its lost market share during 2020
Passenger car sales increased 71% y-o-y to 14,900 units in January
GB Auto plans to spend about EGP 260m in capex during 2021
MMID also sells 11% stake in East New Cairo for Real Estate Development to Palm Hills
Hermes takes runner-up with EGP 6.2bn, whilst sister company Financial Group falls to sixth
Changes came as part of transferring Beltone Financial’s ownership to Orascom Financial Holding Company, instead of Orascom Investment Holding
Future onboarding of new clients, growing customer base may be faster, less dependent on physical premises compared to previously, says Sherif Samy
Awards granted for most distinguished women leaders
Past year has tested resilience of GB Auto’s business model, strength of its market position, says CEO Raouf Ghabbour
Company plans to distribute EGP 648m cash dividends for second consecutive year
Taaleem to start its IPO by end-March, with Ebtikar, e-finance, and Banque du Caire following suit in 2H
CBE’s tendency to reduce interest rates created great demand from companies to finance their expansions through debt instruments
Mubasher Capital activates custodian services, gets close to acquiring company for investment funds
Current trading rates indicate Egyptian stock market’s readiness to receive new IPOs, says Mohamed Farid
Local market size for oncology and hormone-based products is estimated at EGP1.5bn, which is currently 100% imported
Company announces it ended year on net sales of EGP 6.2bn
Company is particularly interested in Egypt’s North Coast region
Company has concluded securitisation of EGP 1.5bn in receivables in Q4 of 2020
Partnership will give patients across Egypt unprecedented access to latest pharmaceutical treatments available: Ibnsina Pharma Chairperson
EGX30 closes at 11,380.55 points, recording decline of 1.44% last week
EGX enjoys competitive investment environment among global markets as least expensive, says Mohamed Omran
Project covers electrical infrastructure works for first phase of South Valley project
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
Company plans to put Basata on EGX in 2022 after transferring non-banking services under its umbrella
EGX30 closed at 11,546.32 points, recording decline of 0.45% last week
Taaleem reported EBITDA margin north of 50%, while being cash rich, debt free in FY 2019/20
News of Banque Misr’s intention to acquire further shares in CI Capital pushed company’s stock to its highest level in 8 months