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News

The Egyptian stock exchange closed on a negative note with the benchmark index EGX30 slightly decreasing by 0.17 percent to record 8,797.29 points on a turnover of LE680 million.   While, the EGX30 was up 2.37 percent this week, the market...
Electricity Minister Mohammad Shaker said that the second unit of the Ain Sokhna power station will begin the trial operation on Thursday with a capacity of 650 MW. The Ain Sokhna power station is comprised of two thermal units, with a...
Orascom Telecom Media and Technology Holding announced Thursday that Ahmed Abou Doma has stepped down as a member of the Board of Directors and as Chief Executive Officer of the company for personal reasons and that Naguib Sawiris will assume the...
The Egyptian stock exchange rose for a third session on Wednesday, pushed by Moody's report concerning the change of five Egyptian banks’ outlook from negative to stable.   The main benchmark EGX30 jumped 2.07 percent recording 8,811....
Three IDF soldiers were wounded by gunfire from militants at Jabal Kharif near the Israeli-Egyptian borders on Wednesday, while four attackers were killed by Israeli fires, according to Israel Radio.   The station said that helicopters and...
The US company, First Solar, is looking into operating in Egypt by next year, Middle East Executive Director Ahmed Nada said. He added that the company is considered one of the largest companies in the world in the field of solar energy and is...
Egypt’s Stock Market announced on Wednesday reducing the number of documents required for registering a company’s shares in the market from 24 to 12, noting that the changes apply to companies of all sizes.   In a statement on...
Sources at the security services and Cairo International Airport have said political activist Asmaa Mahfouz was banned from travel abroad as per a decision from the General Prosecution.   The source did not clarify the reason or the date of the...
Egypt's stock market maintained its upward movement driven by foreign and Arab institution buying activities.   The EGX30 Index gained 1.15 percent recording 8,633.15 points at a turnover of LE564 million.   Arab and foreign...
A total of 10 IPOs were issued in the Middle East and North Africa (MENA) during the first half of this year, and together raised $3.95 billion, according to a report by to Zawya M&A Monitor on Tuesday.   The month of September...

Opinion articles

Downtown Cairo is once again a battlefield, and this time, the military is not just a silent facilitator, but an active participant — beating, dragging, shooting, and assaulting civilians. The latest round of brutality has led us to not only...
On 24 November, we issued the first edition of our new project, Egypt Independent, a weekly, 24-page newspaper that attempts to unpack Egypt’s complex and dynamic political and cultural landscape. It was not long before we were interrupted....