Hanan Mohamed

Egypt aims to attract 30 million tourists by 2028

Wed, 18 Jan 2023 - 10:36 GMT

Tourism Minister Ahmed Issa said in a meeting with the American Chamber of Commerce in Cairo, that About 13 million tourists visited Egypt in 2019.

EGX flags in green, records market cap. of LE1.025T

Sun, 15 Jan 2023 - 05:20 GMT

The benchmark EGX30 increased 0.06 percent, or 9.78 points, to end at 15,561.25 points.

Al-Ahly to get $250K from Benoun's World Cup participation

Wed, 21 Dec 2022 - 03:57 GMT

FIFA regulations allow each club to receive $10,000 for every day a player stays in his country’s camp during his participation in the World Cup, starting from November 14 until the end of his career in the tournament.

Interview: UAE's Agthia eyes to accelerate its businesses in Egypt, recent acquisitions allocate 28% of profits

Mon, 19 Dec 2022 - 04:44 GMT

Regarding the group business in Egypt, Smith pointed out that they are keen to start building their export portfolio from the Egyptian borders.

IMF approves $3B extended credit facility for Egypt

Fri, 16 Dec 2022 - 11:21 GMT

The first installment of the loan value, which amounts to about $750 million, will be delivered within days.

Achieving 30M tourists yearly.. Egypt’s minister reveals figures, statistics

Fri, 16 Dec 2022 - 10:26 GMT

Egypt’s Minister of Tourism and Antiquities, Ahmed Issa, revealed a set of figures and statistics related to the tourism sector in Egypt, explaining that his ministry plays its role as an organizer and supervisor of nearly 8,000 tourist facilities.

EGX flags in green Thursday, market cap, gains LE 5.55B

Thu, 08 Dec 2022 - 01:26 GMT

The benchmark EGX30 increased 0.35 percent, or 51.26 points, to end at 14,838.31 points.

Egypt's urban inflation reaches its highest rate in 5-years at 18.7%

Thu, 08 Dec 2022 - 11:55 GMT

This is the highest level of inflation recorded in Egypt since December 2017, when it recorded 21.9 percent, a month after the Central Bank of Egypt, led by its former president Tarek Amer, liberalized the exchange rate of the pound in November 2017.

Egypt has plan to provide hard currency, aware of price increase crisis: PM

Wed, 07 Dec 2022 - 03:05 GMT

Madbouli elaborated that the government is aware that there is a rise in prices.

EGX ends mid-week session in green, market cap. gains LE 7.24B

Tue, 06 Dec 2022 - 04:27 GMT

The benchmark EGX30 increased 1.19 percent, or 170.52 points, to end at 14,498.29 points.

EGX ends Monday on mixed note, market cap. gains LE10.16B

Mon, 05 Dec 2022 - 05:02 GMT

The benchmark EGX30 increased 1.77 percent, or 249.24 points, to end at 14,327.77 points.

Stoppage of gold pricing after 21-carat reached LE 1,800

Mon, 05 Dec 2022 - 04:36 GMT

“The platform stopped the price movement until the market stabilized, in light of the existence of crude manipulation under the illusions of supply and demand, in addition to the existence of a discrepancy in prices within the market,” Saeed Imbaby, CEO of the "iSagha" platform, said.

"Agthia" has no plans to list Abu Auf on stock exchange: Group's CEO tells Et

Sun, 04 Dec 2022 - 04:47 GMT

On Nov. 30, Agthia Group announced the completion of its acquisition of a 60 percent stake in Auf Group at a value of LE 2.9 billion.

EGX adds LE23.59B to market cap. Sunday

Sun, 04 Dec 2022 - 03:47 GMT

The benchmark EGX30 increased 3.22 percent, or 438.8 points, to end at 14,078.53 points.

US Chevron discovers 3.5tcf gas well in Egypt

Sun, 04 Dec 2022 - 03:43 GMT

The discovery will be a huge boost to Egypt which has seen its output fall from a peak of 7.2bn cfd last September to 6.5bn cfd for Q3.

EGX ends week in green, market cap. gains LE8.09B

Thu, 17 Nov 2022 - 06:25 GMT

The benchmark EGX30 increased 1.41 percent, or 174.51 points, to end at 12,515.71 points.

Egypt back to Reform Track

Mon, 31 Oct 2022 - 01:50 GMT

Egypt announced reform procedures followed by announcing securing financing packages worth $9 billion.

EGX shows mixed performance Sunday, market cap. gains LE5.51B

Sun, 30 Oct 2022 - 03:13 GMT

The benchmark EGX30 hiked 0.26 percent, or 28.65 points, to end at 11,100.67 points.

EGX flags in green, market cap. gains LE25.42B in response to CBE's decisions

Thu, 27 Oct 2022 - 03:48 GMT

This came in response to the Central Bank’s decision to raise interest rates by about 2 percent in an exceptional meeting, and the flexibility to move the exchange rate against foreign currencies.

State ownership document not 'sale of assets': Madbouli at Egypt's Economic Conference 2022

Mon, 24 Oct 2022 - 04:46 GMT

Madbouli elaborated that the document aims to develop a clear and specific regulatory framework for regulating relations in economic activities between the state and the private sector.