Orascom Development Egypt (ODE) announced the completion of selling its stake in two hotels and a land plot in the Makadi destination at higher cash proceeds of LE 408 million. The company clarified in a filing to the Egyptian Exchange (EGX) that it...اقرأ المزيد
The Egyptian Exchange (EGX) announced Sunday that it executed a purchase order for Orange Misr Telecom for 9.238 million shares at a price of LE 17.29 per share; this move comes as part of the company’s plan to retire the securities. In similar news,...اقرأ المزيد
The Monetary Policy Committee of the Central Bank of Egypt (CBE) is expected to keep interest levels at its levels during November’s meeting. This comes amid high rise of inflation rates during October, the continuity of events in emerging markets,...اقرأ المزيد
Global Telecom Holding turned into loss during the first nine months of 2018 by $345.1 million, compared to a profit of $56.8 million during the same period of 2017. The company clarified in a filing to the Egyptian Exchange (EGX) that it accomplished...اقرأ المزيد
Indices of the Egyptian Exchange (EGX) were all colored by red by the end of Wednesday’s session, losing LE 13.3 billion of its market capitalization, amid Egyptian selling. The benchmark EGX30 lessened 2.45 percent, or 333.21 points, to close at 13,246.39...اقرأ المزيد
The Egyptian Exchange’s (EGX) market capital fell by LE25 billion, closing at LE825 billion on Sunday, after police arrested two sons of former President of Egypt Hosni Mubarak – Alaa and Gamal Mubarak – alongside Hassan Hiekl, Ahmed Fathy and Yasser...اقرأ المزيد