Browsing Category
money markets
US dollar traded at average of EGP 23.1 at beginning of week
The US dollar exchange rate against the Egyptian pound was stable at the beginning of Sunday at various major Egyptian banks, registering an average of 23.00 for buying and selling, after increasing…
Read More...
Read More...
Egyptian pound seen falling to EGP 22.35 against dollar
The Egyptian pound is falling against the U.S. dollar on Thursday to record 22.35 Egyptian pounds for sale, while 22.45 for purchase at the National Bank of Egypt (NBE).
Read More...
Read More...
EGX, other stock exchanges discuss launching a carbon platform
The president of the Egyptian Exchange (EGX) discussed with the heads of the South African, Korean, and Malaysian stock exchanges the launch of a voluntary platform for trading carbon documents and…
Read More...
Read More...
Banks in Egypt set withdrawal limits on using ATM cards abroad
Several banks operating in the Egyptian market have imposed limits on foreign exchange withdrawal using debit or credit cards outside Egypt.
Read More...
Read More...
Egypt seeks to collect some $3bn from 2nd group of IPOs next year
Egypt's Minister of Planning, Hala El-saeed, revealed that the first group of initial public offerings (IPOs) fund will be completed within a few weeks at a value of $3 billion.
Read More...
Read More...
Wataniya, Safi will be offered on EGX by year-end, Madbouly says
The Sovereign Fund of Egypt plans to take military-owned filling station Wataniya and bottled water company Safi public on the EGX before the end of 2022, according to a a cabinet statement.
Read More...
Read More...
British pound slumps to new lows against US dollar
The British pound fell to all-time low against the U.S. dollar early Monday after Treasury chief Kwasi Kwarteng pledged further tax cuts, fueling concerns about the government's economic policy.
Read More...
Read More...
The real estate sector is the most active in the EGX with turnover of EGP 1.3bn
The real estate sector topped the list of the most active sectors listed on the Egyptian Exchange (EGX) during last week’s transactions with a trading value of EGP 1.3bn.
Read More...
Read More...
Government would back a more ‘Flexible exchange rate’– minister
We as a government do agree that a flexible exchange rate is definitely good for the economy," Planning Minister Hala El Said told BloombergTV today (watch, runtime: 6:40
Read More...
Read More...
Financial Securities Brokerage Group tops brokerage deals in August
Financial Securities Brokerage Group took the lead in the securities brokerage companies’ ranking for the transactions in the Egyptian Exchange (EGX) in August after executing transactions worth EGP…
Read More...
Read More...