Alyaa Stohy

797 Articles

EGX eyes breaking 11,500 points resistance level

The benchmark index EGX30 closed at 11,318.35 points, recording a decline of…

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EGX expected to continue sideways movement between 11,300 – 11,750 points

The benchmark index EGX30 closed at 11,431.24 points last week, an increase…

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Egypt reports highest quarterly growth in 2 decades at 9.8% in 1Q FY22

Annual growth to range between 5.5 - 5.7% by FY22-end

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FRA issues rules governing SPACs in Egypt

Rules include timeline for companies to pull trigger on SPAC mergers, list…

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Recovery expected in EGX performance after government’s incentives package

He also ordered the establishment of a special unit in the General…

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Misr Cement’s net profit hikes 211% to EGP 122m in 9M 2021

Company’s exports hike by 200% YoY, amounting to 208k tonnes in 9M…

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MNHD reports 39.6% sales drop in 9M 2021

Company’s revenue down 4.3% y/y to EGP 428.4m in 3Q 2021

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Egypt to open world’s largest spinning factory by 2Q 2022, with EGP 7bn investment

It comes during the minister's meeting with the contracting company responsible for…

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Edita Food Industries commences operations in Morocco in November

Company reports rapid growth in revenues for 3Q2021, driven by higher volumes,…

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FRA gives green light to SPACs in Egypt

SPACs to provide funding alternatives to emerging companies, especially in technology, digital…

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