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18 Feb 2020

RE/MAX Al Mohager targets EGP 2.2bn sales for developers in 2020

RE/MAX Al Mohager, a real estate broker, aims to achieve EGP 2.2bn contractual sales in commercial and administrative projects for developers this year, said the franchise owner Mohammad Degheady.

The company’s"...

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18 Feb 2020

MTI Group to establish e-payment holding company to parent Bee, Masary

The MM Group for Industry and International Trade (MTI) is preparing to establish a new electronic payment (e-payment) holding company that would include Bee and Masary under its umbrella.

Ashraf Al-Ghannam, Investor"...

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18 Feb 2020

EGX-listed companies shrug impact of Coronavirus on sales

While the Egyptian Ministry of Health announced the first case of a new Coronavirus in Egypt in a foreign national, in addition to the rising number to reach 70,000, some companies on the Egyptian Exchange (EGX) have confirmed so far that there are no significant effects on their internal"...

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18 Feb 2020

Beltone’s board agrees on EGP 553M capital raise

The board of Beltone Financial Holding has approved to raise the company’s issued capital by EGP 553.27 million to EGP 891.3 million from EGP 338.03 million.

The company referred that the capital will be distributed"...

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18 Feb 2020

Egypt discusses enhancing tourism cooperation with Japan in light of GEM`s awaited opening

Egypt’s Minister of Tourism and Antiquities Khaled Al-Anani met with Japan’s Ambassador to Egypt Masaki Noke to discuss cooperation in the field of tourism and archaeologically

between Egypt and Japan"...

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18 Feb 2020

National Geographic Photographer Tells AURAK About His Work

National Geographic contributor Kiliii Yuyan gave a presentation about his photography titled ‘True Grit in Photography (and Life)’ at the American University of Ras Al Khaimah (AURAK).

The presentation"...

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17 Feb 2020

AMOC's 6-month earnings slip

ArabFinance: Alexandria Mineral Oils Company (AMOC) announced, in a statement sent to EGX, the audited financial results for the financial period starting July 1 and ending Dec. 31.

The company posted consolidated"...

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17 Feb 2020

Orascom Development Brings Kent College to open its first Egyptian campus in O West

ArabFinance: As part of our efforts to continuously bring and provide the best level of services offered to O West’s growing community; Orascom Development Egypt (ODE) is pleased to announce that O West has signed a School Development Agreement with a private investor to develop a K-12"...

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17 Feb 2020

Abu Auf records EGP 450m sales in 2019

Samo Holding, owner of Abu Auf trademark, has achieved EGP 450m in sales in 2019, and targets recording an increase of 40% in sales to register EGP 650m in 2020, according to CEO of Samo Trading Company Ahmed Auf.

Auf"...

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17 Feb 2020

Bosta lands 7-figure Series A investment from DPDgroup and Fawry

Egyptian last-mile delivery provider Bosta received a seven-figure Series A investment from Europe’s second largest operator in the courier, express, and parcel industry DPDgroup, which delivers more than 5.2m parcels worldwide every day. Egyptian e-payment leader Fawry and historic"...

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