Egypt: Domty’s OGM approves EGP $4mln dividends for 2024

Arab Finance: Arabian Food Industries Company’s (Domty) ordinary general meeting (OGM) approved dividends distribution of EGP 240.217 million for 2024, as per a bourse disclosure. The company will pay out a dividend of EGP 0.85 per share to eligible …

Egypt intensifies efforts to halt Gaza bloodshed, revive ceasefire deal

Cairo: Egypt is making "strong, tireless, and sincere" efforts to end the bloodshed in the Gaza Strip and revive a ceasefire, Egyptian Foreign Minister Badr Abdelatty said on Thursday. The top Egyptian diplomat made the remarks during a joint …

Egypt: Macro Capital records $12mln block trading deal

Arab Finance: Macro Group Pharmaceutical (Macro Capital) recorded a block-trading deal at a value of EGP 630.979 million, the Egyptian Exchange (EGX) announced in a bourse statement on April 10th. The transaction was executed on 328.635 million shares. …

FM reaffirms Egypt’s full support for Lebanese president, his government

CAIRO, April 8 (MENA) – Minister of Foreign Affairs, Emigration and Egyptian Expatriates Badr Abdelatty reaffirmed Egypt’s full support for Lebanese President Joseph Aoun and the Lebanese government, stressing Egypt’s stand regarding necessity of Israel’s …

Egypt: "Returning to electricity load shedding not on the table" Madbouly

Arab Finance: Prime Minister Mostafa Madbouly has confirmed that the government has no plans to return to electricity load shedding, despite the significant financial burdens it would impose, emphasizing that such measures are not part of the government’s …

Mohamed Salah agrees to 'Egypt clause' in Liverpool contract talks

Liverpool fans are beginning to see light at the end of the tunnel in contract talks with talisman Mohamed Salah. The Reds hierarchy have been locked in negotiations with Salah's representatives since the end of 2024 amid major speculation over his …

Worldwide Amazon Stores explores expansion opportunities in Egypt's market

Arab Finance: Prime Minister Mostafa Madbouly meets with Doug Herrington, CEO of Worldwide Amazon Stores, to discuss the firm’s expansion in Egypt and ways to boost cooperation in digital commerce, as per a statement. Madbouly stressed Egypt’s willingness …

Egypt: EIPICO to pay EGP 3/share dividends for 2024

Arab Finance: The Egyptian International Pharmaceutical Industries Company (EIPICO) announced the payment of cash dividends valued at EGP 3 per share for 2024, according to a bourse filing. The dividends will be disbursed in two equal installments worth …

Egypt's Annual Inflation Rises To 13.1% In March Amid Higher Food Prices

Egypt: Palm Hills’ EGM nods to $779,636 capital reduction

Arab Finance: Palm Hills Development Company's extraordinary general meeting (EGM) approved lowering the company’s issued capital by EGP 40 million, as per a statement. The capital cut will be implemented through writing off 20 million treasury shares …