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EGX introduces new methodology for calculating closing prices of shares
Egypt’s stock Exchange (EGX) announced in a statement on Sunday that it would lift the limit on intraday share price moves to 20 percent starting from September,
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Egypt’s top 10 exports accounted for 62.6% of overall value of its global shipments
The following export product groups represent the highest dollar value in Egyptian global shipments during 2020 which accounted for 62.6% of overall value of its global shipments. according to world's…
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Egypt’s manufacturing index down 5.8% in May – CAPMAS
Egypt’s index of manufacturing and extractive industries, excluding crude oil and petroleum products, fell by 5.85% month-on-month (MoM) to 102.72 (initial) in May from 109.10 (final) in April,…
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Egypt’s local liquidity hits all-time high at EGP 3.26trn in June
Egypt’s local liquidity continued its upward trend, advancing by EGP 103 billion or 1.9% month-on-month (MoM) to EGP 5.36 trillion in June, hitting its highest level ever recorded, compared to EGP…
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Financial Brokerage Group keeps top spot in Jult with 30% market share
The Financial Brokerage Group continues to occupy first place among Egypt’s brokerage companies in July, with a turnover of EGP 22.6 billion, making up 30.2% of the total traded value, through the…
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Main EGX index records 0.9% weekly gains
The main Egyptian Exchange (EGX) index, the EGX 30, closed at 10,742.23 points recording weekly gains of 0.9% at the end of trading last week, to record the 10,860 to 10,935 points range as a key…
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Arab Bank Group first half 2021 net profits grow by 20%
Arab Bank Group reported net income after tax of $182.4 million as compared to $152.1 million for the same period last year, recording a growth of 20%.
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Fitch forecasts Egypt’s real GDP growth of 5.5% in FY2022/23
Fitch Ratings is forecasting that Egypt’s real GDP growth will recover to 5.5 percent in the financial year (FY) 2022/2023 that ending June 2022, the rating agency said in a recent report.
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Moody’s affirms Egypt’s credit rating at B2 with a stable outlook
Moody’s has affirmed Egypt’s credit rating at B2 with a stable outlook that balances the country’s “significant shock exposure” with our track record of successfully weathering volatility, the ratings…
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CIB submits request to list EGP 4.9bn capital raise shares
The Commercial International Bank-Egypt (CIB) has submitted a request to list its capital raise shares on the Egyptian Exchange (EGX).
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