Hanan Mohamed

business reporter

EGX ends mid-week session on mixed note amid Egyptian selling

Tue, Feb. 20, 2018

The benchmark EGX30 increased 0.40 percent, or 61.14 points, to end at 15,219.26 points.

Zohr production won’t stop commercial gas imports: Min.

Tue, Feb. 20, 2018

The production of Egypt's new giant field, Zohr, will not stop existing commercial contracts to sell and purchase natural gas, Tarek al-Molla said.

EGX ends Monday on a semi-collective rise, gains LE 8.14B

Mon, Feb. 19, 2018

The Egyptian Exchange (EGX) witnessed a semi-collective rise of its indices by the end of Monday’s session and Market Capitalization gained LE 8.14 billion.

EGX gains LE 4.49B amid organizational purchases

Sun, Feb. 18, 2018

Organizational purchases pushed the Egyptian Exchange (EGX) to end Sunday in green.

QNB sells a stake in the Egyptian unit, raises its capital

Sun, Feb. 18, 2018

Qatar National Bank Alahli (QNB) hired CI Capital to advise it on the sale of a small stake in its Egyptian unit (QNB Alahli).

Arab, foreign purchases pushes EGX to win LE 10.5B

Thu, Feb. 15, 2018

Arab and foreign purchases pushed the Egyptian Exchange (EGX) to end Thursday in green, with profits exceeding LE 10 billion.

Moody’s upgrades Arab Misr Insurance Group to Ba3

Thu, Feb. 15, 2018

Moody’s Investors Service upgraded the insurance financial strength rating (IFSR) of Arab Misr Insurance Group (GIG) to Ba3 from B1.

Monetary Policy Committee to discuss interest rates Thursday

Thu, Feb. 15, 2018

The Central Bank of Egypt’s (CBE) Monetary Policy Committee (MPC) will discuss Thursday the interest rates, amid expectations to gradually decline the rates in the upcoming months.