Hanan Mohamed

business reporter

Facebook’s Cryptocurrency: A Game Changer

Wed, Aug. 14, 2019

Will Facebook be able to turn Libra into a global currency?

Into Egypt’s Black Treasure

Tue, Aug. 13, 2019

Owning large reserves of minerals-rich black sand, Egypt has taken official steps to benefit from this valuable treasure.

EFG Hermes' consolidated profits jump 44% in 1st half of 2019

Thu, Aug. 8, 2019

During the second quarter of 2019, the company's profits surged to LE 306.5 million, compared to LE 213.5 million during the same quarter of 2018.

EGX flattens out during Fawry's 1st trading session

Thu, Aug. 8, 2019

The benchmark EGX 30 jumped 2.16 percent, or 299.87 point, to close at 14,180.44 points.

Telecom Egypt records profits of LE 2.13B in 1st half of 2019

Thu, Aug. 8, 2019

As per standalone profits, the company's profits surged 253.95 percent during January-June period of 2019, recording LE 5.04 billion, compared to LE 1.4 billion during the same period of 2018.

Egyptian investors allocate 80% of Fawry's IPO: EGX

Thu, Aug. 8, 2019

Arabs and foreigners represented 19.7 percent of the IPO and 49.3 percent of the private offering.

Egypt’s annual core inflation falls to 5.9% in July

Thu, Aug. 8, 2019

Core inflation discounts or strips out certain categories that are considered more volatile.

Egypt’s annual inflation declines to 7.8% in July: CAPMAS

Thu, Aug. 8, 2019

On a monthly basis, inflation increased 1.5 percent in July, recording 312.5 points, compared to 307.8 points in June.