32 Egyptian state companies to be floated on EGX over a year: PM

Wed, 08 Feb 2023 - 09:43 GMT

Offering companies on the stock exchange will be through a public offering or by selling a share to for strategic investors, the prime minister clarified.

Debts of Egyptian business sector companies down 77% in 3 years

Sun, 05 Dec 2021 - 04:57 GMT

“The value of the debt was LE 44 billion in 2018, including electricity, petroleum, solidarity and other parties. A settlement has been made with all parties, and only taxes remain,” Tawfik added.

Listing companies in stock market makes them focus of investor interest: EGX chairman

Mon, 12 Apr 2021 - 01:18 GMT

This came during a workshop organized by the Stock Exchange in coordination with the European Bank and the Federation of Eurasian Stock Exchanges, to familiarize companies with the requirements for registration

Egypt plans to exit some companies, offer others on EGX: Min.

Thu, 10 Dec 2020 - 10:58 GMT

El-Saeed clarified that there are a number of companies owned by the armed forces out of these companies.

Petroleum min.: 11 companies won gold exploration bid in Eastern Desert

Thu, 19 Nov 2020 - 11:53 GMT

11 mining companies won a gold ore exploration bid on an area of about 170 km2 in the Eastern Desert and the Red Sea.

EGX introduces list "D" for companies to be written off

Wed, 26 Aug 2020 - 02:25 GMT

The list includes securities that may be written off in the event that they do not comply with the rules of registration and disclosure, or that intend voluntary delisting, EGX clarified.

Russian direct investments in Egypt record $7.4 during 2020

Sun, 23 Aug 2020 - 02:48 GMT

Borisenko confirmed that Russian companies are interested in enhancing cooperation with Egyptian businessmen in the local market, which he described as very attractive for investment.

French Chamber of Commerce holds fruitful B2B meetings between Egyptian, French companies

Wed, 22 Jul 2020 - 03:23 GMT

These meetings aim to promote economic relations between Egypt and France amid the current difficult circumstances and efforts to combat COVID-19 epidemic.

GAFI: Establishment of companies index hiked in June over 15%

Mon, 20 Jul 2020 - 02:58 GMT

Abdel Wahab was reviewing a report with Prime Minister Mostafa Madbouli, saying that 1,672 companies had been established in June compared to 1,449 companies in the same period in 2019.

500 engineering companies encourage buying local products

Wed, 19 Feb 2020 - 11:52 GMT

The Egyptian government approved on Tuesday the executive plans for implementing the six-month initiative to encourage buying local products.

24 int'l agreements signed by Oil Ministry during EGYPS 2020

Thu, 13 Feb 2020 - 02:34 GMT

Cooperation deals were signed with Chile, Somalia, Equatorial Guinea and the US Trade and Development Agency

EGX discusses listing 79 companies

Sun, 26 May 2019 - 12:59 GMT

The new system aims to select companies, offer advantages and provide technical consultations.

Profits of affiliated companies doubled in 2017/18: min.

Tue, 23 Apr 2019 - 03:24 GMT

Minister of Public Business Sector Hesham Tawfik said that the companies are working in many fields.

Investment law amendments to encourage companies to expand in Egypt

Thu, 07 Mar 2019 - 01:37 GMT

Nasr added that these amendments will have a positive effect, especially as some of the expected expansions are larger in size and value than projects already in place.

Draft law to enhance integrity at companies in final revision

Mon, 04 Mar 2019 - 12:23 GMT

Egypt’s State Council is finalizing the revision of a draft law enhancing integrity and transparency at companies, said the deputy head of State Council.

Molla discusses cooperation with int'l oil companies

Wed, 13 Feb 2019 - 02:01 GMT

The meetings took place during EGYPS 2019 Expo, said a statement by his ministry.

Foreign companies to provide services in Administrative Capital

Sun, 06 Jan 2019 - 10:59 GMT

State-run Administrative Capital for Urban Development decided that foreign companies will manage and operate services inside the New Administrative Capital.

Economic reform program behind rise of established, expanded companies

Tue, 18 Sep 2018 - 09:44 GMT

The minister clarified that the number of established companies reached 20,000 firms, with an increase of 29.1 percent compared to previous year.

Engineering Export Council participates in Automechanika Frankfurt

Mon, 17 Sep 2018 - 08:41 GMT

Executive Director of the Council Maha Saleh affirmed that Automechanika is considered one of the world's biggest exhibitions for the automotive sector.

GAFI contacts newly-established companies to solve all obstacles facing them

Mon, 16 Jul 2018 - 10:13 GMT

Mona Zobaa said GAFI launched a nationwide survey to follow up the statuses of the projects being conducted and highlight the hardships they are facing to overcome.