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Mohandes Insurance sees EGP 104m block trade on Thursday
16 - Thu - Jan - 2020
Mohandes Insurance sees EGP 104m block trade on Thursday
 Mohandes Insurance has witnessed a block transaction worth EGP 104.39 million on its shares.The deal involved the trading of 5.9 million shares at a price of EGP 17.5 per share, the Egyptian Exchange (EGX) said in a statement on Thursday.The company’s capital reaches EGP 150 million,…
Cairo Investment borrows EGP 100m from Ahli United Bank
16 - Thu - Jan - 2020
Cairo Investment borrows EGP 100m from Ahli United Bank
The board of directors of Cairo For Investment and Real Estate Development approved a loan worth EGP 100 million from Ahli United Bank.The loan will be used to finance some of the company’s projects, according to a filing to the Egyptian Exchange (EGX) on Thursday.It is noteworthy…
Cairo Investment’s profit hits EGP 109m in Q1-19/20
16 - Thu - Jan - 2020
Cairo Investment’s profit hits EGP 109m in Q1-19/20
 Cairo For Investment and Real Estate Development has reported EGP 109 million net profit during the first quarter of the fiscal year 2019/2020, up 47% from the year-ago period.Revenue surged 56% to EGP 313.1 million in Q1-19/20, compared to EGP 200.9 million a year earlier, according…
US, China seal deal to ease trade tensions
16 - Thu - Jan - 2020
US, China seal deal to ease trade tensions
US President Donald Trump on Wednesday signed a trade agreement with China which puts an end to the trade war between the two major economies that started in tandem with the beginning of Trump’s presidency.The deal delivers economic justice for workers in the US, Trump…
Egyptian chemicals, fertilisers exports total $4.76bn in 11M/19
16 - Thu - Jan - 2020
Egyptian chemicals, fertilisers exports total $4.76bn in 11M/19
 Egyptian chemicals and fertilisers exports declined by 10% year-on-year to $4.761 billion in the first 11 months of 2019, the Chemical & Fertilizers Export Council stated on Wednesday, according to the Middle East News Agency (MENA).Organic chemicals exports dropped 62% to $148.05 million from January…