Pharos Holding

New banking law stimulates merging, acquisition: Pharos

Wed, 29 May 2019 - 09:54 GMT

Pharos Holding said that the application of the item on increasing the minimum capital of commercial banks tenfold to LE 5 billion.

Pharos expects CBE to lower interest rates in March

Thu, 14 Feb 2019 - 09:24 GMT

It said that the dynamics of the local inflation rate and the foreign ownership of debt instruments enhance the chances of a rate cut in the Q1 of 2019.

Pharos sees Egypt on the recovery road

Thu, 10 Jan 2019 - 09:07 GMT

Pharos Holding expected Egypt to achieve a pickup in economic activity over the next five years.

Pharos highlights key points of Egypt’s economy on IMF’s report

Mon, 16 Jul 2018 - 09:28 GMT

The report expected Egypt’s economy to mark a progress during fiscal year 2018/2018, expecting GDP to record 5.5 percent, up from 5.2 percent in 2017/2018.

Inflation rates match expectations, back to downtrend in August

Wed, 11 Jul 2018 - 08:54 GMT

The Central Agency for Public Mobilization and Statistics (CAPMAS) announced that annual consumer price inflation slipped to 13.8 percent in June 2018.

Al Tawfeek’s IPO 28x oversubscribed

Sun, 24 Dec 2017 - 03:14 GMT

The final price set for the 4.8 million shares’ public offering is LE 6.6 per share.

Inflation reduction to support lowering interest rates: Analysts

Sun, 10 Dec 2017 - 03:54 GMT

Egypt’s annual urban consumer price inflation fell to 26.7 percent in November from 30.8 percent in October.

CBE to put interest rates on hold despite inflation ease: Economists

Thu, 16 Nov 2017 - 02:35 GMT

Mubasher Research has foreseen annual inflation declining to 24-25 percent by the end of November.

Analysts expect Egypt’s inflation to drop further

Tue, 10 Oct 2017 - 12:04 GMT

Capital Economics said that inflation has now shrunk for two consecutive months for the first time since early 2016.

IMF sees inflation, subsidies as challenges: Pharos Holding

Wed, 27 Sep 2017 - 11:46 GMT

Pharos Holding’s economist Ramy Oraby said that the fund has stressed on the importance of taking further structural reforms.

Merchandise trade deficit keeps narrowing to $8.4B in Q4: Pharos

Wed, 13 Sep 2017 - 10:18 GMT

The non-oil trade deficit fell to $7.3 billion in Q4 from $7.8 billion in the previous quarter, as the non-oil imports decreased to $11.1 billion from $11.6 billion in Q3.

Business news wrap-up

Thu, 24 Aug 2017 - 04:58 GMT

Daily round up of major business and economy news .

Business News Wrap-up

Tue, 22 Aug 2017 - 04:33 GMT

A wrap-up for the most prominent news circulated during the day.

Egypt’s absorption growth rate up to 6.3% in H1 FY16/17: Pharos

Tue, 22 Aug 2017 - 07:00 GMT

Pharos Holding said that the significant rise in the absorption growth rate was due to more intensified economic pressures and/or anticipation of a severe economic reform measures.

Lecico Egypt’s revenues grow 69% YoY on sanitary ware segment

Tue, 15 Aug 2017 - 07:00 GMT

Gross profit recorded LE 131 million in Q2 of 2017 compared to LE 40 million in Q2 of 2016 and down from LE 134 million in 1Q17.

Interest expense to keep weighing on GB Auto profitability: Pharos

Sat, 12 Aug 2017 - 08:00 GMT

Interest expense grew on the back of the central bank’s latest two percent interest rate hike and a high debt level of LE 5 billion.

Edita’s revenues decline, profitability suffers: Pharos

Thu, 27 Jul 2017 - 12:37 GMT

Edita’s revenues declined quarter-on-quarter, as the volumes of its segments, except for the rusk, decreased 13.6 percent.

Pharos keeps Juhayna's FV at LE 8.8, overweight recommendation

Wed, 26 Jul 2017 - 02:19 GMT

Pharos Holding maintained the fair value (FV) for Juhayna Food Industries at LE 8.88, with an Overweight recommendation.

4 stocks excluded, 4 firms joined EGX30 in periodical review

Wed, 26 Jul 2017 - 09:02 GMT

the benchmark index EGX30 saw the exclusion of four firms and the addition of another four in the periodical review.

USD exchange rate to reach LE16 by 2018-end: Pharos Holding

Thu, 13 Jul 2017 - 07:30 GMT

Pharos Holding expected the U.S. dollar to register an average of LE 17.9 this fiscal year.