Company to discontinue unprofitable production line, does not see need to impose price hikes in near future
Latest by Alyaa Stohy
Pandemic negatively affects market demand, domestic prices levels, leading to decrease in sales revenues
Securitisation within scenarios company is considering to obtain financing, says El Damaty
EGX30 up 1%, market capitalisation gains EGP 5.9bn on Monday
Expected y-o-y improvement driven by increase in sales, average ex-factory prices
Company’s current goal is to successfully introduce bread product range, says Eldamaty
The Commercial International Brokerage Company (CIBC) came second with a EGP 17.7bn trading, representing a 9.7% market share. Hermes Securities Brokerage came third with a EGP 15.9bn trading value, and an 8.7% market share.
Ongoing global pandemic threatens to negatively impact company’s results in FY 2020, says Arafa
Presales driven by strong demand for residential units in SARAI, and sale of residential plot in Taj City
Market researchers suggest urea plants could go offline in bid to reduce supply glut
Fall-off in reported cases expected at same time as government begins reopening phase plans
The contract, worth EGP 475m on a turnkey basis, will be implemented over an eight month period to build a network covering 50,000 acres in east Oweinat.
New board may take 30 days on final development plan to start in July, says Aboul Atta
Pharos Research findings show company’s performance hindered by macroeconomic effects
Company faced COVID-19 crisis through targeted policies ensuring it continuously provides patients with medication.
In a disclosure to the Egyptian Exchange (EGX) on Thursday, the company said that its performance during the first quarter (Q1) of 2020 witnessed major disturbances. The company attributed these to the negative economic and market repercussions of the ongoing coronavirus (COVID-19) pandemic.
Company will take advantage of expected easing of lockdown measures to pull up revenues
Joint loan’s arrangement reflects participating banks’ support for real estate sector
Company faced challenges that negatively affected performance due to coronavirus, says El Sewedy
The Parliament’s planning and budget committee raised on Wednesday the stamp duty on stock market dealings as part of a draft law submitted by the government and scheduled for discussion in a plenary session next Sunday.
Blue-chip index, the EGX 30, closed at the end of Wednesday’s session at 10,396 points, while the EGX70 EWI index decreased by 2.18%
Company’s factory in Morocco will be inaugurated by year end, says Shams El Din
EGX30 tests 10,800-11,000 points level in remaining sessions of Ramadan, says Lotfy
Construction to be completed in three years, first phase units to be delivered by 2023
Deputy Chairperson Abdel Bary assumes office of acting chairperson until election
Costs have been main hindrance to an active market
The feature gives patients direct access to CHG’s top class physicians, while promoting social distancing and limiting the risks of exposure for the group’s patients and staff.
Company aims for EGP 3bn in revenues in 2020, says Al-Hatimi
Share swap acquisition is first of its kind in Egypt, region
Deal is first fund is implanting directly in Egyptian market