Egypt News

1. Egypt Citadel food unit Gozour expands into Sudan
(News/ Business)

... at its milling operation to 90,000 tonnes of flour by the end of 2010, Citadel said. Citadel, which listed on the Egyptian stock exchange this month and is due to begin trading in days, says it ...

2. Egypt stock exchange takes 4-day Eid holiday
(News/ Business)

Egyptian Stock Exchange will be taking a four-day holiday starting this Thursday on the occasion of Adha Eid (One of the Important Islamic feasts) Bourse authorities said in a press release on

3. Egypt Pioneers Holding Q3 net income falls 66 pct
(News/ Business)

Egyptian financial services firm Pioneers Holding's net income dropped 66 percent in the third quarter, it said in a statement to the Egyptian stock exchange on Monday   Net incom

4. Egypt Raya 9M net profit dips 39 pct
(News/ Business)

The Egyptian stock exchange reported Monday that Egypt's Raya Technology and Communication posted a net profit of 25.2 million Egyptian pounds ($4.6 million) in the first nine months of the year

5. Egypt Heliopolis Housing Q3 profit slides 32 pct
(News/ Business)

The Egyptian Stock Exchange announced Thursday that Egypt's Heliopolis Housing a real estate company, posted a net profit of 29.3 million Egyptian pounds ($5.36 million), a 32 percent drop from a

6. Egypt Pioneers eyes stake in Beltone
(News/ Business)

The Egyptian stock exchange reported Wednesday that Egypt's Pioneers Holding is in talks to buy a stake in investment bank Beltone Financial   "Pioneers Holding said there was conta

7. Egyptian Stock Exchange drops .06 Pct
(News/ Business)

Just one day after a slight increase, the Stock Exchange on 30 September dropped again when the local and foreign investors could not match the sales of the Arab investors The EGX 30 index drop

8. Egypt TC H1 2009 profit rises 9 Pct
(News/ Business)

The Egyptian stock exchange announced Tuesday that Egypt's Torah Cement (TC) reported an 8.6 percent rise in net profit to 178.3 million Egyptian pounds in the first six months of 2009 The firm ha

9. FT unit makes new bid for Egypt Mobinil
(News/ Business)

The Egyptian stock exchange reported Thursday that a subsidiary of France Telecom (FT) has submitted a new tender offer to purchase outstanding shares in Egyptian mobile operator Mobinil Citi

10. Egypt aims for derivatives exchange in 2011
(News/ Business)

Deputy head of the Egyptian stock exchange Mohamed Omran announced Monday that Egypt aims to set up an exchange for derivatives in 2011, pushed back from a planned start at the end of 2009 because th

11. CAE sees mild impact from downturn
(News/ Business)

...gricole and 20 percent owned by Mansour and Maghraby Group, a diversified Egyptian firm. The remainder is traded on the Egyptian stock exchange. Guillemin said Credit Agricole had inherited a loa...

12. Egypt stock market Down 1.5 Pec
(News/ Business)

The Egyptian Stock Exchange started the trading week down because of leading shares and the continuous profit-taking and heavy selling by foreign and Arab investors The Egyptians, for their par

13. Egypt Orascom Telecom declares 1 EGP dividend
(News/ Business)

Egyptian stock exchange reported Monday that Egypt's Orascom Telecom announced a 2008 dividend of one Egyptian pound per share The regional mobile operator said shareholders will have the optio

14. Egypt limits F.Telecom Mobinil share buy
(News/ Business)

...ut 35 percent and France Telecom about 36 percent, analysts say. The remaining 29 percent of the group is traded on the Egyptian stock exchange . Mobinil shares gained 0.23 percent to 217 pound...

15. Egypt CBE sells stake in British Arab bank
(News/ Business)

...kes in two other commercial banks by 2011, including one it almost completely owns, and pointed to possible IPOs on the Egyptian stock exchange . The British Arab Commercial Bank was created in 1...

16. Global Crisis Virus Infects the Egyptian Economy
(News/ Business)

... would put the majority of the United Bank – totally controlled by the Central Bank itself – on sale on the Egyptian Stock Exchange as soon as the markets improved. He also revealed t...

17. Egypt MPs criticizes government Law on Securities
(News/ Business)

...m said the law is unconstitutional.  The parliamentary majority pointed out that the law tightens control over the Egyptian Stock Exchange . The Egyptian stock market is managed as if it is...

18. Egyptian main stock index up in low volumes
(News/ Business)

Traders in Egyptian Stock Exchange reported on Monday that Egyptian main stock index .EGX30 edged higher Monday in very low volume trade as trading suspensions and holidays kept foreign investors away

19. Talaat Moustafa leads Egypt Main Indexes up
(News/ Business)

Egyptian stock indexes edged up on Sunday, driven by a rally on the real estate sector led by shares in Talaat Moustafa Group, which gained 5.1 percent after plunging 14.5 percent in the last tradi

20. Egypt main indexes down
(News/ Business)

...sychology ... and we had a lot of foreigners on the sell side today," said Karim Hosny from Pharos Securities. The Egyptian stock exchange had suspended trade in Orascom Telecom and Mobinil share...

21. Egypt South Valley Cement Q1 net profit dips
(News/ Business)

...ecline in net profit for the first quarter of 2009 to 29.3 million Egyptian pounds, the company said in a note to the Egyptian stock exchange The firm said it had posted a net profit of 46.6 mil...

22. France Telecom unit in offer for Egypt Mobinil
(News/ Business)

...424 million Egyptian pounds ($75 million), missing most analysts' forecasts as it faced higher interest costs. The Egyptian stock exchange said it had suspended trade on Mobinil shares until the ...

23. Egypt index jumps 2 pct as investors eye Mobinil
(News/ Business)

Traders in Egyptian Stock Exchange reported on Monday that Egypt's benchmark stock index .EGX30 gained 2.2 percent on Monday as investors bought telecom firms on talk that a row between shareholders

24. Egypt shares fall, Telecom Egypt results welcomed
(News/ Business)

Traders in Egyptian Stock Exchanges reported Telecom Egypt surprised the market on Thursday with a 72 percent rise in net profit for the first quarter, helping its shares record a modest gain whil

25. Egypt market up on gains in real estate
(News/ Business)

Traders in Egyptian Stock Exchange reported that Egypt's benchmark index gained more than 4 percent on Sunday as investors bought into real estate stocks and heavyweights Orascom Telecom (OT)

26. Egypt market ends flat, retail investors eye banks
(News/ Business)

Traders in the Egyptian Stock Exchanges said that Egypt’s shares ended broadly flat on Monday with little international involvement because of a market holiday in London and retail investors

27. Egypt stock index hit by profit-taking
(News/ Business)

Egyptian Stock Exchange reported Egypt's main stock index slid 0.84 percent on Tuesday in a bout of profit-taking to follow global stocks lower after a long holiday weekend, with mobile operator M

28. Egypt stock indexes decline on foreign selling
(News/ Business)

Egypt stock indexes decline on foreign selling Trader in Egyptian Stock Exchange reported that Egypt’s share indexes declined on Monday as fore

29. Egypt Ezz to pay 35 Eg pounds dividend
(News/ Business)

Egyptian Stock Exchange reported Sunday that Egypt’s Ezz Dekheila Steel will pay a cash dividend of 35 Egyptian pounds ($6.21) per share to shareholders as of April 12 Egypt’s

30. Egypt Hermes: Buys back own shares
(News/ Business)

...ermes announced Thursday that it bought back a quarter of the shares it had sought in a buyback program On the Egyptian stock exchange website, EFG-Hermes said that the bank repurchased 900,...