FINANCE & ECONOMY

15 Dec 2019

Drop in leading stocks pushes EGX30 to decline further, though expected to bounce back this week

Dealers in the Egyptian Exchange (EGX) expected its benchmark index to target 13,200 points this week after closing at 13,380 points in more than one session last week, while the leading stocks continue to pressure EGX30, including the Commercial International Bank (CIB) and Sidi Kerir"...

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15 Dec 2019

Crédit Agricole Egypt primarily aims to achieve sustainability, innovation: managing director

Crédit Agricole says its main goal is to achieve sustainability and innovation, as well as supporting the state in digital transformation, encouraging electronic payments, and financial inclusion.

Pierre"...

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15 Dec 2019

2020 is the year of sustainability on Arab stock exchanges: AFE’s Secretary General

The Arab Federation of Exchanges (AFE) has been working on launching a development strategy to localise financial technology in Arab stock exchanges, and sustainable development, declaring 2020 the year of sustainability in Arab stock exchanges.

“Reforming"...

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15 Dec 2019

DMS Announces New Appointment as Exclusive Media Representatives for Mubasher.info

Digital Media Services (DMS) – the digital arm of Choueiri Group, recently announced their latest appointment as the Exclusive Media Representatives for Mubasher.info - The Middle East and North Africa’s most-preferred Arabic-language platform for equity market news, data, analysis"...

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15 Dec 2019

Cooper Fitch Unveils UAE and KSA Salary Expectations For 2020

The United Arab Emirates’ (UAE) job market is headed for a much-needed job stability boost in 2020 following a spate of restructurings and mergers that have jolted workforce hirings and compensation.

But"...

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14 Dec 2019

Signify’s global investments €7.5B, sales in Egypt reach €26m: Devan Pillay

Cairo: Signify, formerly known as Philips, specialised in manufacturing lighting products announced its intention to implement €150m worth expansions and project development globally next year.

Daily News"...

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14 Dec 2019

Facebook broadens partnership with RiseUp brings digital, leadership training to start-ups and developers

Facebook announced that it is broadening its partnership with the RiseUp Summit, to include a more diverse range of cutting-edge programmemess and training underlining the company’s growing commitment to local and regional start-ups and developers.

One"...

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14 Dec 2019

Unilever Mashreq to invest over ‎€60m in Egypt within three years

Unilever Mashreq is to invest more than ‎€60m in Egypt within the coming three years.

The company`s Chief Supply Chain Officer Marc Engel told Daily News Egypt on the side-lines of his first visit to"...

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14 Dec 2019

UAEIIC plans to double Emirates investments in Egypt to $14bn: SG Al Jarwan

The UAE International Investors Council (UAEIIC) aims to double the Emirates investments in Egypt to $14bn during the next five years, compared to $7.2bn currently, in light of the opportunities’ richness of the Egyptian market and great potential for many economic sectors, Jamal"...

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14 Dec 2019

Pharos Holding optimistic about the Egyptian economy

Pharos Holding’s view on the Egyptian economy is positive in its annual book, as they expect real GDP to slowly pick up from 5.7% in FY18/19 to 5.9% in FY19/20 driven by the transportation, communication, tourism, and manufacturing sectors. Pharos’ analysts account for a gradual"...

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