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VEON to buy out Egypt's Global Telecom for $600m

Wednesday 06/02/2019 13:50

Reuters: Telecoms operator VEON Ltd said on Tuesday it intends to offer 5.30 Egyptian pounds ($0.3005) per share for the 42.3% of Cairo-listed Global ...
Textile sector to benefit from African free trade treaty

Wednesday 06/02/2019 13:23

Al-Mal: Eventual implementation of the African Continental Free Trade Area (AfCFT ) agreement is expected to provide a boost to Egypt's garment indust...
Auto sales surged in 2018 by 42.9percent: AMIC

Wednesday 06/02/2019 12:57

By Ahmed Awad Automotive sales spiked by 42.9 percent in 2018 to 193.8k units up from 135.6k a year earlier, according to Automotive Marketing Inform...
Up to 14 bids submitted by Int'l firmsto develop 270k feddans

Wednesday 06/02/2019 12:50

By Al-Mal The Egyptian Countryside Development Company, charged with developing and reclaiming half and million feddans,  received bids from wor...
Parliament to adopt a new law to combat footballers’ tax evasion

Wednesday 06/02/2019 12:53

By Yasmine Fawaz: Egypt’s House of Representatives is to debate a new legislation on tax disclosure in the next few days as both the House&rsquo...
EGX30 rose to 14733pts, to target15000pts in February

Wednesday 06/02/2019 12:45

By Ragab Ezz El-Deen & Mostafa Talaat The Egyptian Stock Exchange ended Tuesday's trades on an up note amid heavy purchases led by Egyptian inves...
EGX operationalizes Tunisian Exchange MoU

Wednesday 06/02/2019 11:31

Al-Mal: The Egyptian Exchange (EGX) has started activating the Memorandum of Understanding (MoU) with Tunisian Stock Exchange in preparation for the 1...
Foreign holdings in treasuries at $13.1 bln - deputy finance minister

Wednesday 06/02/2019 10:10

Reuters: Foreign investors hold $13.1 billion in Egyptian treasuries, Deputy Finance Minister Ahmed Kouchouk said on Tuesday. Kouchouk had last put t...
Elon Musk’s Tesla Buys Maxwell To Develop Supercapacitors For Electric Cars

Tuesday 05/02/2019 14:08

ibtimes: In 2011, Elon Musk predicted that supercapacitors, not batteries, will power future electric vehicles (EVs) such as those being produced in m...
Petroleum Ministry to resolve disputes with Israel and Spain

Tuesday 05/02/2019 13:35

Al-Mal: There are negotiations with the Israeli side and Spain’s Union Fenosa because of international arbitration cases brought by them to sett...