State-run Madinet Nasr for Housing and Development (MNHD) has approved an EGP 30 mn offer to sell its 98.4%-owned subsidiary, called Nasr Utilities and Installations (NUI), to an unnamed strategic investor.
GCC corporate earnings will be negatively impacted in the first half (1H) of the year as businesses and the economy have been severely hit by the COVID-19 pandemic, Reuters reports.
Chairman of Egyptian Stock Exchange (EGX) Mohamed Farid said Egypt’s property sector has managed to log a market capitalization of at least EGP 80.2 bn in 2018, with 36 real estate firms listed at an 18% return on ...
Orascom Development Egypt (ODE), the largest subsidiary of Orascom Development Holding (ODH) in Egypt, has been officially added to the main Egyptian benchmark index "EGX 30," which includes the top 30 companies l ...
NIB is set to nominate nine state-owned companies for the second phase of the state privatization program, Egypt's planning ministry has recently announced.
Net foreign contributions to the Egyptian stock market has reached EGP 7.4 bn (USD 414 mn) this year
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