Beltone
Net Profit recorded EGP86 million, an increase of 161% YoY, a strong testimony to a major transformation after 3 years of consecutive losses.
Beltone Holding has won the best asset manager award at bt100 Awards.
Beltone managed the IPO of Sarwa Capital, which began trading on the Egyptian stock exchange last month. Its IPO unit was suspended on Thursday from carrying out any activity for six months.
A wrap-up of the most prominent business news of the day.
The CBE has started auctions on the Variable Rate Deposits following the flotation of the Egyptian pound in November 2016 in a bid to curb inflation.
A wrap-up for the most prominent business news of the day.
Beltone said the decision comes to create more liquidity in light of recent economic reforms to improve the local investment climate.
A wrap-up for the most prominent news circulated during the day.
Egypt’s decision to hike interest rates by 200 basis points is still the main focus of analysts, as issued reports suggest the increased rates will have a positive impact on inflation.
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