Daily News

Egypt Gets another USD 1.1bn Loan for Imports of Petroleum Products and Basic Commodity Purchases fr

Jan 14 2021

Egypt is getting another USD 1.1bn loan for imports of petroleum products and basic commodity purchases from the International Islamic Trade Finance Corporation (IFTC) after the two sides signed an ag […]

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Egypt Ranks Second in MENA’s VC Investment in 2020

Jan 14 2021

Egypt came in the second position in terms of venture capital (VC) investments in the MENA region in 2020, following the UAE which made up 56% of the total funding. Egypt’s VC funding inflows surged b […]

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Airline Fuel Prices Slash by USD 0.15/Gallon Starting 21st January

Jan 14 2021

The aviation industry is getting a break on fuel through the end of the year after the government decided yesterday to slash prices by another USD 0.15/gallon as of 21st January 2021 to help airliners […]

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Raya Contact Center (RACC.CA) to Sell 8.35mn Treasury Stocks

Jan 14 2021

Raya Contact Center (RACC.CA) announced selling 8.35mn treasury stocks out of 20.8mn treasuries starting from 13th January 2021 until the 12th of March 2021. (Company’s Bourse Filing) […]

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Raya Holding (RAYA.CA)’s BOD Approves 10-to-1Stock Split

Jan 14 2021

Raya Holding (RAYA.CA)’s BOD approved a 10-to-1 stock split proposal to then have a par value of EGP 0.50/share instead of EGP 5/share, aiming to boost the stock liquidity and turnover in the stock ex […]

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Heliopolis Housing (HELI.CA) Issues a Tender to Sell 270Acers in New Heliopolis

Jan 14 2021

Heliopolis Housing (HELI.CA) has issued a public tender under the closed envelope system, to sell two residential plots with a total area of ​​270 acres in New Heliopolis. (Mubasher) […]

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Egypt Aluminum (EGAL.CA) Resumes Operations at all Facilities

Jan 14 2021

Egypt Aluminum (EGAL.CA) announced that the metal drawing process has been resumed at all facilities, after employees have held a strike and halted production asking for profit-related bonuses.  (Comp […]

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Telecom Egypt (ETEL.CA) and the Ministry of Social Solidarity Sign an Agreement to Support Takaful &

Jan 14 2021

Telecom Egypt (ETEL.CA) and the Ministry of Social Solidarity signed an agreement to provide telecommunications services to the Ministry and the beneficiaries of social protection programs, namely the […]

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