Northern Africa

Egypt: Pound’s rise signals economic resilience, says Cabinet spokesperson

Egypt: Pound’s rise signals economic resilience, says Cabinet spokesperson

Egypt: Pound’s rise signals economic resilience, says Cabinet spokesperson

Muhamed Saeed Bala August 14, 2025

Egypt’s Cabinet spokesperson Mohamed al-Homsani has said the recent appreciation of the Egyptian pound against the US...

Egypt: GIG Egypt Life Takaful to distribute record surplus to customers for fourth year running

Egypt: GIG Egypt Life Takaful to distribute record surplus to customers for fourth year running

Egypt: GIG Egypt Life Takaful to distribute record surplus to customers for fourth year running

Muhamed Saeed Bala August 14, 2025

GIG Egypt Life Takaful has announced it will distribute an exceptional surplus from its insurance activities to...

Egypt: Israeli strike targets armed group posing as aid workers amid growing Gaza crisis

Egypt: Israeli strike targets armed group posing as aid workers amid growing Gaza crisis

Egypt: Israeli strike targets armed group posing as aid workers amid growing Gaza crisis

Muhamed Saeed Bala August 13, 2025

The Israeli military has confirmed it struck an armed group masquerading as aid workers, using a vehicle...

Egypt: indispensable photo editing skills increasingly vital for designers

Egypt: indispensable photo editing skills increasingly vital for designers

Egypt: indispensable photo editing skills increasingly vital for designers

Muhamed Saeed Bala August 13, 2025

In an era dominated by social media and visual content, mastering photo editing has become an essential...

Egypt: EGX30 edges higher as trading opens on positive momentum

Egypt: EGX30 edges higher as trading opens on positive momentum Cairo, Egypt – The Egyptian Stock Exchange (EGX) opened Wednesday’s session on a positive note, with the main EGX30 index rising 0.21% to 36,077 points, reflecting steady investor confidence in the market. The EGX Sharia Index advanced 0.52% to 3,663 points, while the EGX35-LV, EGX100, and EGX70 indices rose 0.22%, 0.37%, and 0.39% to 3,853, 14,373, and 10,688 points respectively. Market activity showed a mix of foreign selling and domestic buying. Foreign investors recorded net sales of EGP 9.55 million, whereas Arab and Egyptian investors were net buyers at EGP 7.81 million and EGP 1.742 million respectively. The total trading value reached approximately EGP 347 million, with 175 million shares changing hands across 13,800 transactions. The upward trend followed Tuesday’s positive close, when the EGX30 gained 0.26% to 36,003 points and the Sharia Index edged up 0.01% to 3,644 points. Other major indices also recorded gains, with the EGX35-LV rising 0.3% to 3,844 points, EGX100 increasing 0.44% to 14,321 points, and EGX70 up 0.57% to 10,646 points. The market capitalization of listed shares stood at EGP 2.504 trillion, with Egyptian investors leading net purchases at EGP 63.6 million, while Arab and foreign investors recorded net sales of EGP 39.2 million and EGP 24.4 million respectively. Tuesday’s total trading value was approximately EGP 4.6 billion, with 1.3 billion shares traded over 103,100 transactions. Analysts attributed the steady performance to continued domestic investor confidence and selective buying in key sectors, despite net selling pressures from foreign investors. Market watchers noted that the EGX continues to benefit from strong fundamentals and improved liquidity, supporting the broader trend of cautious optimism among traders. The EGX’s early gains on Wednesday signal a resilient start to the mid-week session, underscoring ongoing investor interest in Egypt’s equities market amid a mix of domestic and regional economic developments.

Egypt: EGX30 edges higher as trading opens on positive momentum

Muhamed Saeed Bala August 13, 2025

The Egyptian Stock Exchange (EGX) opened Wednesday’s session on a positive note, with the main EGX30 index...

Egypt: EGP 500 million allocated to support micro and small enterprises

Egypt: EGP 500 million allocated to support micro and small enterprises

Egypt: EGP 500 million allocated to support micro and small enterprises

Muhamed Saeed Bala August 13, 2025

The Micro, Small and Medium Enterprise Development Agency (MSMEDA) and Banque du Caire have signed two new...

Egypt: governments sign memorandum to boost tourism cooperation with Bosnia

Egypt: governments sign memorandum to boost tourism cooperation with Bosnia

Egypt: governments sign memorandum to boost tourism cooperation with Bosnia

Muhamed Saeed Bala August 13, 2025

Egypt and Bosnia and Herzegovina have signed a memorandum of understanding aimed at strengthening bilateral cooperation in...

Egypt: Minister of Education honours top students at Nile International Schools

Egypt: Minister of Education honours top students at Nile International Schools

Egypt: Minister of Education honours top students at Nile International Schools

Muhamed Saeed Bala August 13, 2025

Mohamed Abdel Latif, Egypt’s Minister of Education and Technical Education, welcomed the top-performing students from the Nile...

Libya: RPG shell found in Tripoli highlights urban explosive risks

Libya: RPG shell found in Tripoli highlights urban explosive risks

Libya: RPG shell found in Tripoli highlights urban explosive risks

Muhamed Saeed Bala August 13, 2025

An RPG shell was discovered in a waste dump in the Al-Sayeh neighborhood, south of Tripoli, on...

Morocco: highly anticipated Indian film to be shot in the kingdom

Morocco: highly anticipated Indian film to be shot in the kingdom

Morocco: highly anticipated Indian film to be shot in the kingdom

Muhamed Saeed Bala August 13, 2025

Moroccan cinema is preparing to host an international film production as Bollywood star Kartik Aaryan is set...

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