U.S. President Donald Trump, in a surprise announcement, said on Monday he is taking hydroxychloroquine as a preventive medicine against the coronavirus despite medical warnings about the use of the malaria drug.
"I'm taking hydroxychloroquine," (...)
The third edition of Builders of Egypt Forum has kicked off in Cairo on Sunday, under the patronage of Egyptian Prime Minister Sherif Ismail.
Minister of Housing Mostafa Madbouly has inaugurated the forum in the presence of Hassan Abdel Aziz, head (...)
Egypt's Federation for Construction and Building Contractors (EFCBC) will present a proposal to the government for amendments to the country's Federation for Construction Law up to the next ten days, its chairman announced Sunday.
"In the next ten (...)
Egypt is currently carrying out 60,000 housing units in the country's anticipated new administrative city, deputy chairman of state-run Administrative Capital for Urban Development (ACUD) said Sunday.
ACUD is the owner and developer for the new (...)
Egypt's construction sector adds around 3.7 million direct and indirect job opportunities, marking 20 percent of total jobs offered by other industries, Planning Minister Hala al-Saaed said Sunday.
"The construction sector has achieved around 17.7 (...)
Egypt's economy is expected to witness more rebound in the coming period, an economist at Oxford Economics' subsidiary said Sunday.
Speaking at Builders of Egypt Forum in Cairo, Nadene Johnson, an economist at Oxford's NKC African Economics, hailed (...)
Egypt's bourse closed higher Monday triggered by non-Arab foreign investors' buying appetite.
Main index gained 0.49 percent, to 7409.27 points.
Other indices; EGX50 EWI index fell 0.34 percent, to 1375.38 points; while EGX20 rose 0.33 percent, to (...)
Egypt's bourse ended higher Monday buoyed by Arab investors' buying appetite.
Main stock index, EGX30 gained 0.98 percent, to 7646.02 points.
EGX50 EWI index went up 0.65 percent, to 1421.53 points; EGX20 also rose 0.94 percent, to 7697.36 (...)
Egypt's bourse closed Thursday trade lower, driven by local and Arab investors' selloffs. The country's main stock index pulled back 1.15 percent, to 7773.23 points.
EGX50 EWI index lost 1.02 percent, to 1444.31 points; EGX20 also fell 1.78 percent, (...)
Egypt's main stock market index surged Tuesday, to hit its highest level since August 2015, triggered by foreign investors.
Main index, EGX30 climbed 1.85 percent, to 7886.82 points, its highest close since mid-August last year.
Stock market closed (...)
Egypt's bourse closed Thursday trade slightly lower, driven by local and Arab investors' selloffs.
Cairo's main index, EGX30 dropped 0.24 percent, to 7781.45 points.
EGX50 EWI index inched down 0.48 percent, to 1474.13 points; EGX20 also tumbled 1 (...)
Egypt's bourse has surged Monday to a six-month closing high, lifted by foreign investors' purchases and French President François Hollande's current visit to the country to boost bilateral economic ties.
Hollande arrived in Egypt on Sunday, his (...)
In Cairo, stocks surged Thursday on foreign investors bought back shares on dips.
The main index, EGX30 grew 0.57 percent, to 7463.1 points.
EGX50 EWI index hiked 0.99 percent, to 1439.74 points; EGX20 also rose 0.86 percent, to 7856.98 points.
Mid- (...)
Egypt stock market surged Wednesday as President Abdel Fattah al-Sisi has sworn in a new government early in this day in a limited reshuffle move.
The cabinet reshuffle included 10 new ministers in addition to it introduced one new cabinet (...)
Egypt stock market rebounded Monday despite profit-taking after soaring last week in response to a currency devaluation move.
Egypt's main index, EGX30 rose 0.38 percent, to 7494 points.
Additionally, EGX50 EWI index increased 0.26 percent, to (...)
Egypt's stock market closed Thursday with gains worth 7.7 billion Egyptian pounds ($874 million), marking investors' Euphoria over central bank's decision to partially devalue the currency three days ago.
The devaluation raised hopes that Egypt (...)
Egypt's main index, EGX30 touched its highest since July 2013 following the central bank's move to partially devalue the currency.
Egypt's central bank said on Monday it had devalued the Egyptian pound to 8.85 per dollar at a special foreign (...)
Stocks in Egypt climbed Tuesday, rising along with other global markets, as slowing growth in China raised hopes for further stimulus for the world's second-largest economy.
The bourse gained 6.5 billion Egyptian pounds (US$829.8 million) as market (...)
Stock market finished lower Monday incurring losses worth around one billion Egyptian pounds (US$127.6 million) amid local and Arab investors' selloff.
The market capitalisation has reached 443.121 billion pounds during the closing session of (...)
Stock market finished lower Monday incurring losses worth around one billion Egyptian pounds (US$127.6 million) amid local and Arab investors' selloff.
The market capitalisation has reached 443.121 billion pounds during the closing session of (...)
Stock market ended lower Sunday incurring losses worth 3.1 billion Egyptian pounds (US$395.6 million) amid local investors' selloff.
The market capitalisation has reached 447.228 billion pounds during the closing session of Sunday.
Indices
Egypt's (...)
Stock market finished this week's trading lower with losses worth 1.5 billion Egyptian pounds driven by local investors' selloff Thursday.
The market capitalisation has reached 447.228 billion pounds during the closing session of (...)
Egypt's stock market slumped Tuesday to incur losses worth 1.37 billion Egyptian pounds (US$175 million) driven by selling pressures of non-Arab foreign investors.
The market capitalisation has recorded 448.053 billion pounds during the closing (...)
Egypt's stock market surged Monday with gains worth 1.1 billion Egyptian pounds (US$140.5 million) backed by foreign investors' buying appetite after a long Eid al-Adha holiday.
The market capitalisation has recorded 449.420 billion pounds during (...)
Following a government reshuffle a day earlier, Egypt's stocks ended higher Sunday posting gains of 1.8 billion Egyptian pounds (US$230 million).
President Abdel Fattah al-Sisi asked Saturday Oil Minister Sherif Ismail to name a new cabinet within a (...)