Hanan Mohamed

Egypt's central bank raises interest rates 200bps during May

Thu, 19 May 2022 - 04:51 GMT

The CBE’s decision comes in light with Fitch credit rating agency’s expectations that the central bank would raise interest rates at the Monetary Policy Committee’s meeting.

EIB studies financing water desalination projects in Egypt in conjunction with entering water poverty stage

Thu, 19 May 2022 - 03:57 GMT

According to Salem, the EIB gives great priority to water and sanitation projects as one of Egypt's priorities, pointing out that this is done in keeping with the large national programs implemented by Egypt, including a decent life initiative.

EGX ends Wednesday in semi-collective rise, market cap. gains LE1.26B

Wed, 18 May 2022 - 06:06 GMT

The benchmark EGX30 rose 0.27 percent, or 28.68 points, to end at 10,467.63 points.

Why did Egypt exclude spaghetti from 3-month export ban decision?

Wed, 18 May 2022 - 04:42 GMT

On March 10, the Official Gazette published the Ministry of Commerce’s decision No. 141 of 2022, banning the export of a number of commodities, namely wheat, flour, gravel, mashed beans, lentils, pasta and flour of all kinds, for a period of 3 months.

CBE's governor reviews repercussions of int'l crisis on Egypt's economic conditions

Wed, 18 May 2022 - 03:25 GMT

He added during the 2022 Arab Banking Conference that the capital adequacy standard recorded 25.5 percent by the end of December 2021, compared to 14.5 percent in 2017, while the global average for the capital adequacy standard recorded 12 percent.

In points.. Egypt's PM most prominent statements at press conference addressing global economic crisis

Sun, 15 May 2022 - 04:37 GMT

Egypt Today monitors the most prominent points of Madbouli's statements during the press conference.

EGX starts week in red, market cap. loses LE5.92B

Sun, 15 May 2022 - 04:12 GMT

The benchmark EGX30 declined 1.36 percent, or 144.76 points, to end at 10,534.22 points.

Egypt reviews impact of Ukrainian-Russian crisis, reveals economic indicators and future plans

Sun, 15 May 2022 - 03:45 GMT

This conference came as a result of implementing President Sisi's directives, especially since the crisis is expected to last longer than expected, according to Prime Minister Mostafa Madbouli.

EGX ends week in red, market cap. loses LE12.11B

Thu, 12 May 2022 - 03:39 GMT

The benchmark EGX30 declined 1.63 percent, or 176.95 points, to end at 10,678.98 points.

EGX ends Monday in red, market cap. loses LE 6.56B

Mon, 09 May 2022 - 03:40 GMT

The benchmark EGX30 declined 1.82 percent, or 202.5 points, to end at 10,906.72 points.

EGX shows mixed performance Wednesday, market cap. loses LE 4.09B

Wed, 20 Apr 2022 - 03:49 GMT

The benchmark EGX30 dipped 1.71 percent, or 182.05 points, to end at 10,444.76 points.

EGX ends Monday in green, market cap. gains LE508.54M

Mon, 18 Apr 2022 - 01:43 GMT

The benchmark EGX30 rose 0.16 percent, or 16.87 points, to end at 10,724.8 points.

EGX loses LE 6.2B of market cap., EGX70 declines 5.08%

Sun, 17 Apr 2022 - 03:22 GMT

Market capitalization lost around LE 6.2 billion, recording LE 684.27 billion, compared to LE 690.48 billion in Thursday’s session.

EFG-Hermes tops EGX losers Thursday due to First Abu Dhabi's withdrawal of non-binding purchase offer

Thu, 14 Apr 2022 - 05:32 GMT

The bank said in a statement, that this decision came after a careful study of the ongoing instability in global markets and economies.

EGX flags in red Thursday, market cap. loses LE12.32B

Thu, 14 Apr 2022 - 01:17 GMT

The benchmark EGX30 declined 1.55 percent, or 167.91 points, to end at 10,679.55 points.

EGX shows mixed performance Wednesday, market cap. loses LE 1.26B

Wed, 13 Apr 2022 - 03:41 GMT

The benchmark EGX30 declined 0.47 percent, or 51.23 points, to end at 10,847.46 points.

EGX adds LE 7.74B to market cap. amid Arab purchases Tuesday

Tue, 12 Apr 2022 - 02:08 GMT

The benchmark EGX30 rose 1.58 percent, or 170.03 points, to end at 10,898.69 points.

EGX continues trading in red zone for 5th consecutive session, market cap. loses LE14.63B

Mon, 11 Apr 2022 - 02:55 GMT

The benchmark EGX30 dropped 1.55 percent, or 168.95 points, to end at 10,728.66 points.

EGX continues trading in red zone for 5th consecutive session, market cap. loses LE14.63B

Mon, 11 Apr 2022 - 02:55 GMT

The benchmark EGX30 dropped 1.55 percent, or 168.95 points, to end at 10,728.66 points.

EGX continues its downtrend for 4th session, market cap. loses LE9.88B

Sun, 10 Apr 2022 - 03:18 GMT

The benchmark EGX30 dropped 1.84 percent, or 204.33 points, to end at 10,897.61 points.

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