Daily News

Current Account Deficit Widens to USD 4.8bn in 1H2020-2021

Apr 13 2021

Egypt’s current account deficit widened to USD 4.8bn in 1H2020-2021, from USD 3.2bn in the same period last year. The deficit grew 74% on a quarterly basis from USD 2.8bn in 1Q. This was mainly due […]

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Telecom Egypt (ETEl.CA) Signs a Cooperation Protocol with Ora Developers

Apr 13 2021

Telecom Egypt (ETEl.CA) has signed a cooperation protocol with Ora developers to connect and provide telecommunication services and connect optical fiber cables to its residential units. (AlMal News) […]

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Speed Medical (SPMD.CA) Signs a Management Contract for Three Branches of Alex Scan Laboratories i

Apr 13 2021

Speed Medical (SPMD.CA) announced signing a management contract for the three branches of Alex Scan Laboratories in Alexandria under which Speed Labs will manage their lab facilities with a revenue sh […]

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Commercial International Bank Egypt (CIB) (COMI.CA) and Colliers International to Conduct Due Dili

Apr 13 2021

Tatweer Misr has announced the signing of a partnership with the Commercial International Bank Egypt (CIB) and Colliers International to create due diligence and attract more educational entities on t […]

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Alexandria Mineral Oils (AMOC) (AMOC.CA)’s 9M20/21 Consolidated Net Loss Turns to Profit

Apr 13 2021

EGP mn 9M19/20 9M20/21 Change % Revenues 7,800.5 7,101.9 -9.0% […]

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Egypt’s Annual Core Inflation Records 3.7% in March 2021

Apr 12 2021

Monthly core inflation, computed by the Central Bank of Egypt, recorded 0.5% in March 2021 compared to 0.4% in March 2020 and to 0.3% in February 2021. Accordingly, the annual core inflation rate reco […]

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Secondary Bond Market to be Opened to Retail Investors

Apr 12 2021

Bond listings on the EGX are now subject to new rules that could encourage wider participation from retail investors. The rules require issuers tapping the secondary market to allocate at least 10% to […]

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CBE to introduce instant Payment Module, Soft POS in 2021

Apr 12 2021

The Central Bank of Egypt (CBE) will this year launch a full-fledged instant payment module, after finalizing regulations, and introduce a soft point of sale (POS) system that allows the use of mobile […]

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