news

French Renault to mull Egypt car assembly
14 - Wed - Mar - 2018
French Renault to mull Egypt car assembly
A delegation from French carmaker Renault is visiting Cairo to inspect a number of manufacturing lines of Egyptian car assembly firms in light of the mutual meeting with Egyptian International Motors’ (EIM) representatives.Egypt-based EIM seeks to shift its business from car export to local assembly to meet the…
EGX hits new record for 9th streak session early Wednesday
14 - Wed - Mar - 2018
EGX hits new record for 9th streak session early Wednesday
 The Egyptian Exchange (EGX) opened Wednesday up for the ninth session in a row on the back of local buying.By 10:24 am Cairo time, the benchmark EGX30 index gained 119.06 points, or 0.71%, to 17,109 points.The EGX70 index inched up 0.16% to 911.90 points, while…
Egypt ranks 39th among world’s largest automobile producers - Report
14 - Wed - Mar - 2018
Egypt ranks 39th among world’s largest automobile producers - Report
Egypt has come in the 39th spot among the world’s largest automobile producers in 2017 for the second year in a row, according to a recent report by Organisation Internationale des Constructeurs d'Automobiles (OICA).The Arab country’s total automotive production grew 1.13% year-on-year on the back…
B-Tech eyes EGP 4.3bn sales in 2018
14 - Wed - Mar - 2018
B-Tech eyes EGP 4.3bn sales in 2018
B-Tech is targeting a 26% year-on-year increase in sales for 2018, chairperson and managing director Mahmoud Khattab said.Electronics and appliance seller is planning to achieve sales of EGP 4.33 billion this year, compare to EGP 3.43 billion in sales for 2017, Khattab highlighted.The Egyptian home appliances…
CIB pushes EGX near 17,000 pts at Tuesday close
13 - Tue - Mar - 2018
CIB pushes EGX near 17,000 pts at Tuesday close
The Egyptian Exchange (EGX) closed Tuesday’s trading session in green territory near 17,000 points on the back of foreign buying.The benchmark EGX30 index edged up 246.91 points, or 1.47%, closing at 16,989.06 points, backed by the Commercial International Bank (CIB).The heavyweight CIB jumped 2.22% to…