Thursday 23 Jan

Stock Exchange

Talaat Moustafa, Ezz Steel drive stock market gains
2025/01/15

Talaat Moustafa, Ezz Steel drive stock market gains

The Egyptian Stock Exchange opened strong on Wednesday, led by gains in Talaat Moustafa Group Holding, Ezz Steel, Commercial International Bank (CIB), and Hermes Holding...

Honda and Nissan to merge in historic deal
2024/12/24

Honda and Nissan to merge in historic deal

Japanese automotive giants Honda and Nissan announced on Monday their intention to merge under a new holding company. The merger, which is subject to detailed...

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...