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Egypt’s Gold Rises as Weaker Pound Offsets Global Sell-Off

Market Updates & Finance MEO Editorial -
21-karat gold climbs 2.2% in less than two weeks despite falling international bullion prices, exposing the growing influence of...

Egypt Stocks Rebound 3.5% as $619mn Debt Selling Tests Recovery

Market Updates & Finance Mona Alameddine -
CAIRO, Egypt's benchmark EGX30 surged 3.49% to 50,104.83 points on Tuesday, October 27, as a broad equity rally restored...

Egypt’s Pound Hits Record Low as Debt Selling Deepens Market Strain

Market Updates & Finance Mona Alameddine -
CAIRO, Egypt's benchmark EGX30 fell 1.66% to 48,416.94 points on Monday, extending a three-session decline as the pound weakened...

Egypt’s KIMA Posts Record EGP11.23bn Revenue as Profit Jumps 82%

Industry Insights Nagy Rashed -
CAIRO — Egyptian Chemical Industries (KIMA) has secured shareholder approval for record annual revenue of EGP11.23 billion in the...

Egypt Halts Stock Trading as Market Loses EGP171bn

Market Updates & Finance Mona Alameddine -
First market-wide suspension since 2021 follows a 10% plunge in EGX100, while the pound's accelerating depreciation deepens pressure on...

Egypt-China Ventures Plan $500m Power Equipment Expansion

Industry Insights MEO Staff -
CAIRO — Two Egyptian-Chinese joint ventures plan initial investments of up to $500 million to expand electrical-equipment manufacturing and...

Egypt’s EGX30 Rallies as Broader Stocks Fall, Debt Selling Persists

Market Updates & Finance Mona Alameddine -
CAIRO, October 22 — Egypt's benchmark EGX30 extended its recovery on Wednesday, rising 1.47% to 52,854.95 points, but the...

EGX Rally Gains Institutional Support as Foreigners Sell Government Debt

Market Updates & Finance Mona Alameddine -
Egyptian equities extended their recovery on Tuesday, October 20, as the benchmark EGX30 rose 1.94% to 52,089.01 points and...

EGX Rebounds Sharply as Bank IPO Faces Pricing Test

Market Updates & Finance Mona Alameddine -
Egyptian equities recovered sharply from an intraday sell-off on Monday, October 19, with the benchmark EGX30 rebounding nearly 1,478...
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