EGX flags in red during May

Mon, Jun. 1, 2020

The benchmark EGX30 declined 3.16 percent or 333.9 points to close May at 10,220.14 points, compared to 10,554.04 points in April.

GEMS signs with Egypt’s Klickit, Paymob for digital payment solutions

Mon, Jun. 1, 2020

This agreement will allow parents of students in GEMS schools across Egypt to make tuition payments online for over 6,000 students.

‘NilePreneurs’ launches initiative for digital transformation to help SMEs

Mon, Jun. 1, 2020

NilePreneurs initiative CEO Heba Labib said the digital transformation for SMEs is a world tendency imposed by current conditions of coronavirus pandemic.

EGX ends Monday in green for 2nd consecutive session

Mon, Jun. 1, 2020

The benchmark EGX30 inched up 0.07 percent, or 7.24 points, to close at 10,227.38 points.

Huawei Focuses on Building Seamless AI Life as Ubiquitous Connectivity Opens New Market Opportunities

Mon, Jun. 1, 2020

At the 2020 Huawei Analyst Summit held in Shenzhen, Huawei Consumer Business Group (CBG) met with analysts to discuss the latest industry trends, innovative technologies, and ecosystem development. The theme of this year's summit was "Seamless AI Life", a

Telecom Egypt, Etisalat Misr sign 2 new agreements

Mon, Jun. 1, 2020

The first agreement entails a development of Telecom Egypt transmission and infrastructure services' commercial model with Etisalat Misr.

Egypt's central bank issues LE 23.25B in T-bonds, bills Monday

Mon, Jun. 1, 2020

T-bonds will be offered at a value of LE 3.25 billion with a 10-year term.

GAFI, Samsung probe investing $23M in Egypt

Mon, Jun. 1, 2020

Samsung will open a new production line to manufacture computer monitors in August. It also plans to pump investments worth $84 million in the coming five years.