Business

18:05

cairo, gmt + 2

17 January

Monday, 2022

The Egyptian Stock Exchange's listing committee had agreed at the end of last December to list the shares of Nahr Al-Khair Company, with an issued capital of LE 200 million, divided into two billion shares, with a nominal value of 10 piasters per share.

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Magazine Egypttoday May/June 2021

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Int'l Cooperation Min. releases its 2021 annual report titled, ‘Engaging for Impact Towards Our Common Future: Int'l Partnerships for Sustainable Development’

Mon, 17 Jan 2022 - 01:32 GMT

The report highlighted the Ministry’s country-led multi-stakeholder engagement framework and delves into four main areas of work that envisage an inclusive, green and digital future, according to the Ministry.

Egypt reveals plans to establish industrial cities in Eastern Desert, Sinai

Mon, 17 Jan 2022 - 01:27 GMT

Egyptian Minister of Petroleum Tariq el-Molla revealed that the country is planning to establish some industrial cities in the Eastern Desert and Sinai in order to achieve added value to the mineral resources, during the International Mining Conference in Saudi Arabia.

NEW HEIGHTS OF SUSTAINABLE, SMART AND HAPPY: TATWEER MISR’S IL MONTE GALALA TAKES THE AREA BY STORM

Mon, 17 Jan 2022 - 12:02 GMT

Brought to the real estate market by Tatweer Misr, IL Monte Galala easily checks off all the company’s guiding principles.

Value of securities issuances in Egypt hit LE 280.3B during 2021

Mon, 17 Jan 2022 - 10:22 GMT

2021 witnessed the first issuance of green bonds in the capital market in Egypt by a company with a value of $100 million (equivalent to LE 1.6 billion), in cooperation with the International Finance Corporation to support the transformation of the Egyptian economy into a green economy.

Egypt reconstrues companies affiliated with armed forces to be offered on EGX

Mon, 17 Jan 2022 - 10:03 GMT

Madbouly added, in a TV interview, that these companies affiliated with the armed forces are being restructured in preparation for being offered on the Egyptian Stock Exchange.

Egypt discusses possibility of issuing Egyptian bonds in Japan for 1st time

Mon, 17 Jan 2022 - 09:26 GMT

This comes within the plans to issue various medium and long-term government bonds, which target new instruments such as sukuk, sustainable development bonds, and green bonds; this contributes to expanding the investor base and attracting additional liquidity to the government stock market, in a way that helps reduce the cost of debt.

Egypt aims to reduce debt ratio within 3 years

Mon, 17 Jan 2022 - 09:03 GMT

Madbouly added, in a TV interview, that the debt ratio was 108 percent four years ago, then it decreased to 87 percent before the coronavirus crisis, to reach 91 percent currently.

EDA authorizes Evusheld long-acting antibody combination for emergency use for pre-exposure prevention of COVID-19

Mon, 17 Jan 2022 - 08:55 GMT

The EUA follows the recent procurement agreement for Evusheld signed in December 2021 by AstraZeneca and the Egyptian Authority for Unified Procurement, Medical Supply, and Technology Management for the Ministry of Health and Population (MOHP). The first doses of Evusheld are expected to become available in Egypt in the coming weeks.

EGX launches 2nd edition of "Stock Exchange for Development" conference

Mon, 17 Jan 2022 - 08:55 GMT

The conference comes under the patronage of Prime Minister Mostafa Madbouly, and in cooperation with the Egyptian Businessmen Association and Sohag Governorate.

Egypt injects LE54B in projects in Qena during 11 months

Sun, 16 Jan 2022 - 04:35 GMT

Mahmoud Al-Ammari, director of the Qena Branch of the MSMEDA stated that the initiative in Qena targets 5 centers, which are "Dashna, Al-Waqf, Farshout, Qus, and Abu Tshat".

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