Sunday 22 Dec

Stock Exchange

Sawiris family bids to acquire Orascom Development Holding
2024/12/18

Sawiris family bids to acquire Orascom Development Holding

The Sawiris family, through their wholly-owned company LPSO Holding Ltd, has submitted a tender offer to acquire all outstanding shares of Orascom Development Holding. The...

EGP 5 billion raised from United Bank share sale
2024/11/14

EGP 5 billion raised from United Bank share sale

A statement on the website of the United Bank of Egypt confirmed Egypt's aim to raise EGP 5 billion through a public offering of 30%...

Talaat Moustafa drives Egyptian Exchange higher with 3.6% stock surge
2024/10/15

Talaat Moustafa drives Egyptian Exchange higher with 3.6% stock surge

Talaat Mostafa Group Holding's stock continued its upward trajectory, leading the rise of the Egyptian Stock Exchange's main index for the second consecutive trading session...

Expectations of a 10% increase in rebar prices
2024/10/06

Expectations of a 10% increase in rebar prices

The local market is anticipating a potential increase in rebar prices of up to 10% at the beginning of next week's trading. This expectation is...

Central Bank to offer The United Bank shares on the stock exchange
2024/09/22

Central Bank to offer The United Bank shares on the stock exchange

The Central Bank of Egypt (CBE) has decided to offer a portion of the shares of The United Bank on the Egyptian Exchange. The offering...

Madbouly: Government relies on stock market for investment and financing needs
2024/09/17

Madbouly: Government relies on stock market for investment and financing needs

Prime Minister Dr. Moustafa Madbouly held a meeting on Tuesday to follow up efforts to develop the performance of the stock market. The meeting was...

Talaat Moustafa Group soars: Profits triple, Revenues hit EGP 17 billion
2024/08/13

Talaat Moustafa Group soars: Profits triple, Revenues hit EGP 17 billion

Talaat Moustafa Holding Group (TMG Holding) announced a significant surge in net profit for the first half of the year, with a 310% year-on-year increase....