Lawsuit filed against board members of three companies listed on the EGX for manipulating stocks
Latest by Mohamed Ahmed
Beltone said that ASEC contributed roughly 60% to Misr Cement’s revenues, which reached EGP 723.067m during Q1 of 2016.
Sabaa announced in May 2014 that senior shareholders planned to lend it EGP 30m as a benevolent loan.
Alexandria Portland Cement owns three production lines: one line in Alexandria with a capacity of 1.5m tonnes annually and fuelled by diesel and mazut, and two lines in Beni Suef with an annual capacity of 3m tonnes.
The Commercial International Brokerage Company (CIBC) came in second place through executing operations worth EGP 15.164bn, obtaining a market share of 9.3%. CIBC executed deals worth EGP 1.776bn, obtaining 7.82% of the deals market.
The EGX closed on Thursday at 6,942.52 points, with a 0.15% increase.
EFSA receives 103 new complaints against financial supervisory agencies and solves 106 complaints over five months
An average of 43.8 ships transited the canal per day during that period, with an average load of 2.66m tonnes per day
EGX drops by 5.5% following Brexit vote
Technical analysts predict the market falling from 7,253.3 points to 6,800 points over Sunday and Monday
57357 has received phone calls from several banks, including Hermes and Beltone, to gauge the willingness of establishing a charitable fund
The company is to receive a new license within two months, after hiring a financial consulting director
Brokers have confirmed that the Egyptian Exchange’s recording purchases of Arabs and foreigners worth EGP 2.35bn since the beginning of 2016 does not reflect the real trend, as EGX has not recorded sold depositary receipts abroad as a way of exiting Egypt for foreigners
The major container ships of Maren Maersk passed through the canal carrying 200,360 tonnes
The average number of ships transiting the canal per day is 46.5, with an average of 2.75m total tonnes of cargo.
Cartel Capital in the Middle East and North Africa will begin a promotional tour in Emirati banks during Q3 of 2016, says Ayman Abou Hend
Analysts predicted that purchasing powers will be dominant during the trading session and push the EGX-30 index to reach 7,480 points amid weak trading volumes
The launch of international gateway licences to Vodafone and Orange will threaten TE’s revenues
Investment managers say companies are seeking foreign investments through GDRs in light of the US dollar shortage, while local investors hide behind foreign institutions to obtain revenue in US dollars instead of Egyptian pounds
The company is working on seven deals in the local market, including public offerings in the real estate, health care, and food sectors
US partner is exiting due to export constraints, says head of RGS
The violations of the main shareholder will not hinder Beltone’s acquisition of Reefy and Arab Finance, says Sherif Samy
Legal adviser for Beltone says acquisition of CI Capital failed due to the government’s intransigence
The EGX will likely decrease from 7,756 points to 7,600 points after the failure of the Beltone-CI Capital acquisition deal, said Mohamed Al-Assar
The average load per ship was about 60,850 tonnes during that period.
Beltone is negotiating new deals in order to become one of the largest investment banks in emerging markets
The EGX kept moving upwards during last week, registering a 1.76% rise as it increased from 7,453.1 points to 7,618 points.
The company plans to implement three power plants in Angola this year
Exporting Committee developed a strategy to help its subsidiary MAC out of the exports decline, based on adding new production lines and opening new African and Asian markets
Compared to July 2015, prior to the inauguration of the New Suez Canal, the average daily number of transiting vessels totalled 47 vessels, with an average load of 2.758m tonnes per day