Hanan Mohamed

business reporter

EGX records collective regression on Sunday amid Arab, foreign selling

Sun, Apr. 5, 2020

The benchmark EGX 30 dipped 1.93 percent, or 182.5 points, to close at 9,272.88 points.

In-depth look at Egypt’s economic sectors amid COVID-19 outbreak

Sat, Apr. 4, 2020

The effect of Coronavirus on the Egyptian economy lengthens tourism sector, manufacturing sector, and the stock exchange while food and retail sectors seem to be the biggest winners.

Egypt's central bank keeps interest rates unchanged

Thu, Apr. 2, 2020

The overnight deposit rate, overnight lending rate, and the rate of the main operation are kept at 9.25 percent, 10.25 percent, and 9.75 percent, respectively.

EGX ends week in green, market cap. gains LE 2.3B

Thu, Apr. 2, 2020

The benchmark EGX 30 hiked 0.32 percent, or 30.49 points, to close at 9,455.38 points.

Organizational selling pushes EGX into red zone Wednesday

Wed, Apr. 1, 2020

The benchmark EGX 30 declined 1.76 percent, or 169.05 points, to close at 9,424.89 points.

Will Egypt continue its monetary easing cycle after unscheduled 3%-interest rate-cut?

Tue, Mar. 31, 2020

In the midst of anticipation and trends for monetary easing to confront the spread of COVID-19, the central bank is going to meet on April 2 to discuss interest rates.

EGX ends Tuesday in collective rise, market cap. gains LE 3.8B

Tue, Mar. 31, 2020

The benchmark EGX 30 rose 0.76 percent, or 72.51 points, to close at 9,593.94 points.

Egypt's tourism sector hits $13.03B; highest revenues ever

Tue, Mar. 31, 2020

CBE clarified that the total tourism revenues jumped 67 percent to reach $13.03 billion in 2019, compared to $7.8 billion in 2017, $2.5 billion in 2016 and $6.1 billion in 2015.