MNHD Nods EGP 30 mn Offer for 98.4% Stake in NUI

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.

COVID-19 to Batter GCC Corporate Earnings in H1: Analysts

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.

Market Cap of Listed Real Estate Firms Hits EGP 80.2 bn: Official

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 ...

ODE Officially Joins EGX30

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 to Select 9 Firms for 2nd Phase of Egypt’s IPO Program

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.

Foreign Contributions to Egypt’s Bourse Reaches USD 414 mn in 2017

Net foreign contributions to the Egyptian stock market has reached EGP 7.4 bn (USD 414 mn) this year

Market Value of Stock Exchange-Listed Property Companies Hits EGP 71 bn

The total market value of the stock exchange’s listed property companies hit EGP 71 bn by the end of 2016, Invest-Gate reports.

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