news

Canadian Second Cup eyes $20m investments in Egypt
23 - Mon - Apr - 2018
Canadian Second Cup eyes $20m investments in Egypt
Canada-based Second Cup Coffee Co is planning to invest $20 million in Egypt over the coming five years.Chairman and managing director of Maximum Stores, Second Cup Coffee’s exclusive agent in Egypt, said that these investments will be pumped into establishing a number of Cafes in…
Egypt issues EGP 2.75bn T-bonds Monday
23 - Mon - Apr - 2018
Egypt issues EGP 2.75bn T-bonds Monday
 The Central Bank of Egypt (CBE) will issue treasury bonds (T-bonds) worth EGP 2.75 billion on Monday on behalf of the Ministry of Finance (MOF).The first tranche of T-bills will be offered through five-year notes at EGP 1.5 billion, while the second offering will be…
Egypt eyes EGP 10bn foreign investments in oil sector in FY18/19
23 - Mon - Apr - 2018
Egypt eyes EGP 10bn foreign investments in oil sector in FY18/19
Egypt is targeting EGP 10 billion in investments in the petroleum sector in the coming fiscal year 2018/2019.Foreign investments in the oil sector are expected to stand at around $10 billion for the current fiscal year, marking a 25% increase from the previous year, Egyptian…
EGX ends Sunday mixed; market cap adds EGP 7.3bn
22 - Sun - Apr - 2018
EGX ends Sunday mixed; market cap adds EGP 7.3bn
Egyptian Exchange (EGX) closed Sunday’s trading session on a mixed note amid foreign and Arab buying against local selling.The benchmark EGX30 index levelled up 117.07 points, or 0.66%, to 17,898.09 points.Market capitalisation closed at EGP 988.7 billion and gained EGP 7.3 billion.The small- and medium-caps…
EGX suspends trading on 25 April
22 - Sun - Apr - 2018
EGX suspends trading on 25 April
The Egyptian Exchange (EGX) has announced next Wednesday, 25 April an official holiday in celebration of Sinai Liberation Day.The EGX will resume trading on Thursday, 26 April, the EGX added in a statement on Sunday.