Edition:
United States

Ehab Farouk

UPDATE 1-Egyptian digital payments company Fawry preparing for IPO

Jul 10 2019

CAIRO, July 10 Egyptian digital bill payments company Fawry has begun preparing for a share offering on the country's stock exchange, Managing Director Mohamed Okasha said on Wednesday.

Egyptian digital payments company Fawry preparing for IPO

Jul 10 2019

CAIRO, July 10 Egyptian digital bill payments company Fawry has begun preparing for a share offering on the country's stock exchange, Managing Director Mohamed Okasha said on Wednesday.

Tourism, energy inflows boost Egypt's pound as most EM currencies struggle

May 23 2019

CAIRO, May 23 The Egyptian pound hit a two-year high on Thursday, bucking a downtrend among emerging market currencies with help from inflows in the tourism and energy sectors.

Etisalat Misr targets larger share of revenue from internet services

May 04 2019

CAIRO Egyptian telecoms company Etisalat Misr aims to invest heavily in modernizing its network this year and book a higher share of revenue from internet services as it works to offset the impact of a fall in its subscriber base, its CEO said.

Egypt shares jump 4.6 pct this week on expectations of a rate cut

Jan 31 2019

CAIRO, Jan 31 Expectations that Egypt would cut interest rates and improved performance across emerging markets pushed up the country's stocks 4.6 percent this week, with some analysts expecting the trend to continue in coming weeks.

UPDATE 1-Sarwa Capital's IPO prospectus contained no irregularities -Egypt's Beltone

Nov 06 2018

CAIRO, Nov 6 Egypt's Beltone Financial Holding said that the prospectus for last month's initial public offering of consumer finance provider Sarwa Capital contained no irregularities.

Egypt cancels second consecutive T-bond sale due to high yields

Sep 10 2018

CAIRO, Sept 10 Egypt cancelled its second consecutive treasury bonds auction on Monday after banks and investors demanded high yields on the debt, statements by the central bank showed.

Egypt's first smartphone maker sees market share rising by 2020

Jul 02 2018

CAIRO Egypt's first smartphone maker is looking to capture 17 percent of the country's market by 2020, up from 2.7 percent, its chairman said, as the company aims to tap a sprawling low-income market that has long been priced out of using high-tech phones.

Egypt targets 8-10 flotations of state firms over 18 months: finance minister

Jan 21 2018

CAIRO Egypt is looking to offer shares in eight to 10 state companies on the stock exchange over the next 18 months, Finance Minister Amr El-Garhy told Reuters on Sunday, as part of a drive to attract foreign investors.

Egypt hikes 2017-18 economic growth forecast to 5.3-5.5 percent

Jan 13 2018

CAIRO Egypt has revised up its economic growth forecast for fiscal 2017-18 that began in July to 5.3 to 5.5 percent from 4.8 percent previously, the planning minister said on Saturday.

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