EGX launches new index tracking low-volatility stocks

The Egyptian Exchange (EGX) has announced the launch of a new index, the EGX35-LV, set to go live on 1 August. The index will track 35 of the most liquid stocks with the lowest price volatility, covering 13 different sectors to ensure balanced sectoral representation among its constituents. This initiative…

PM Madbouly reviews ongoing investment talks with Gulf states

Egypt’s Prime Minister Mostafa Madbouly chaired a meeting on Wednesday to discuss major investment opportunities currently under negotiation with several Gulf countries. The meeting was attended by Deputy Prime Minister for Industrial Development and Minister of Industry and Transport Kamel Al-Wazir; Minister of Finance Ahmed Kouchouk; Minister of Investment and…

Finance minister unveils EGP 5bn cash payout for 2,000 exporters on 7 August

Ahmed Kouchouk, Minister of Finance, announced that around 2,000 exporting companies will receive approximately EGP 5bn in cash payments on 7 August. This payment represents the first instalment—equivalent to 50%—allocated under the new Cabinet-approved mechanism for settling overdue export support payments. Covering shipments up to the end of June 2024,…