• Sunday, 6 February 2022

    CBE leaves rates unchanged in first meeting of 2022

    The Central Bank of Egypt (CBE) left interest rates on hold for the tenth consecutive meeting on Thursday. The CBE left the overnight deposit rate at 8.25% and the lending rate at 9.25%, while the main operation and discount rates...
  • Sunday, 12 December 2021

    Urban inflation dips to lowest level since July

    Annual urban inflation slowed for the second month running in November as pressure on food prices continued to ease, according to official figures released on Thursday. The headline rate fell to 5.6% last month from 6.3% in October, the lowest...
  • Tuesday, 22 June 2021

    Meet our analyst of the week: HC Securities’ Abdelrahman Wahba

    OUR ANALYST OF THE WEEK- Abdelrahman Wahba, senior analyst at HC Securities (Linkedin).My name is Abdelrahman Wahba and I’ve been at HC Securities for almost two years. I cover industrials on the EGX, including those in energy, basic materials, and...
  • Tuesday, 11 May 2021

    Meet our analyst of the week: HC Securities’ Noha Baraka

    OUR ANALYST OF THE WEEK- Noha Baraka, vice president of research and head of consumer and pharma at HC Securities (Linkedin).My name is Noha Baraka and I’ve been at HC Securities for 10 years. I graduated from AUC with a...
  • Sunday, 28 February 2021

    How auto’s recovery is playing out in the markets

    The EGX30 fell 0.8% at today’s close on turnover of EGP 1.59 bn (8.5% above the 90-day average). Foreign investors were net sellers. The index is up 6.27% YTD.In the green: Orascom Investment Holding (+7.3%), Ibn Sina Pharma (+3.7%) and...
  • Monday, 8 February 2021

    State-owned giants eyeing investment banks?

    Are state-owned banks making a play for some of the country’s leading investment banks? CI Capital shares soared more than 9% today as Banque Misr made an offer to acquire an undisclosed stake, according to a statement by the Financial...
  • Sunday, 31 January 2021

    Keep it steady

    ENTERPRISE POLL- CBE expected to leave interest rates on hold in its first meeting of 2021: Eleven out of 12 economists and analysts surveyed by Enterprise expect the Central Bank of Egypt (CBE)’s Monetary Policy Committee (MPC) to leave rates...
  • Wednesday, 8 January 2020

    Hussein Shoukry resigns from SODIC board

    MOVES- Hussein Shoukry resigns from SODIC board: HC Securities Chairman Hussein Shoukry has submitted his resignation from the SODIC board effective 31 January, the company said in a bourse disclosure (pdf).
  • Wednesday, 8 January 2020

    Banque du Caire acquires 20% stake in Egy Serv

    M&A WATCH- Banque du Caire acquires 20% of Egy Serv: Banque du Caire (BdC) has acquired a 20% stake in the postal services company Egy Serv, banking sources told Al Mal. The bank purchased around 797.9k shares from the National...

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