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Egypt’s Banque du Caire expects to sell minority stake by early 2020

on: August 20, 2019In: Business & Economy

The head of Egypt’s state-owned Banque du Caire told reporters on Tuesday that he expects to sell 30-40% of the bank by the end of 2019 or in early 2020. A deal to sell the bank was cancelle... Read more

Egypt stocks record collective rise, market capitalization adds LE 5.26 bln

on: August 18, 2019In: Business & Economy

The Egyptian Exchange (EGX) recorded a collective rise during Sunday’s session, adding about LE 5.26 billion to market capitalization, amid Egyptian and Arab purchases. The benchmark EGX 30... Read more

Egypt stocks market loses EGP 7.6 bln, benchmark down 1.69%

on: August 15, 2019In: Business & Economy

The Egyptian Exchange (EGX) indexes showed mixed performance at the close of Thursday’s trading, as some investors preferred to sell their shares to benefit from the recent upturn in t... Read more

Yen, gold gain on trade war angst; Argentine peso sinks

on: August 12, 2019In: Business & Economy

Investors piled into gold, safe-haven yen and bonds on Monday over nagging concerns about a prolonged U.S.-China trade war and global growth, while Argentina’s peso plunged 22% after voters... Read more