Latest news with #ArabFinanceForInformationTechnology
Zawya
06-05-2025
- Business
- Zawya
Egypt: Palm Hills records $1bln in Q1 sales
Arab Finance: Palm Hills Developments reported total sales of EGP 80.2 billion in the first quarter (Q1) of 2025, more than doubling from EGP 32.2 billion in the same period last year and up from EGP 21 billion in the fourth quarter (Q4) of 2024, as per a disclosure. The increase was driven by strong demand across existing projects, particularly Badya, Palm Hills New Cairo, B/X, and Palm Hills Alexandria. The company said this performance supports its full-year sales target of EGP 200 billion for 2025, reflecting a projected annual growth rate of 33%. © 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (
Zawya
06-05-2025
- Business
- Zawya
Egypt: EGX closes Monday's session on a mixed note
Arab Finance: The Egyptian Exchange (EGX) showed a varied performance on Monday after the EGX30 retreated by 0.43% at 32,211.75 points. Likewise, the Sharia-compliant index, EGX33 Shariah index, saw no change at 3,348.2 points. On the other hand, the EGX70 index and the EGX100 index closed the session lower by 0.06% at 9,521.67 points and by 0.20% to 12,948.48 points, respectively. EGX's turnover reached EGP 4.896 billion through the exchange of 1.654 billion shares over 119,666 transactions, whereas the market capitalization stood at EGP 2.283 trillion. Individuals took over 72.2% of the total trading, while the institutions represented the remaining 27.79%. Egyptian investors controlled 89.32% of trading transactions, while Arab and foreign traders accounted for 5.25% and 5.43%, respectively. Egyptian and Arab investors were net sellers with EGP 157.227 million and EGP 61.165 million, respectively. The foreign traders were buyers with EGP 218.392 million. © 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (
Zawya
06-05-2025
- Business
- Zawya
Gold prices in Egypt drop on Monday
Arab Finance: The gold prices in Egypt recorded collective gains on Monday, with the 24-karat rising to EGP 5,371.5 per gram for buying and EGP 5,394.25 for selling, iSagha's data showed. The 22-karat gold price increased to EGP 4,923.75 for buying and EGP 4,944.75 per gram for selling. Likewise, the 21-karat gold climbed to EGP 4,700 per gram for buying and EGP 4,720 for selling. The 18-karat gold price stood at EGP 4,028.5 per gram for buying and EGP 4,045.75 for selling. Meanwhile, the gold pound's price jumped to EGP 37,600 for purchasing and EGP 37,760 for selling. Finally, the price of the gold ounce hit $3,317.61 for buying and $3,317.9 for selling. © 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (
Zawya
05-05-2025
- Business
- Zawya
Egypt's net foreign assets hit $14.81bln in March
Egypt's net foreign assets reached EGP 760.839 billion in March 2025, compared to EGP 515.856 billion during February, according to the Central Bank of Egypt (CBE) data. Foreign assets with the CBE hit EGP 2.344 trillion at the end of February 2025, while foreign assets with banks stood at EGP 1.550 trillion. During March 2025, total foreign liabilities with the CBE and banks amounted to EGP 3.133 trillion, versus EGP 3.137 trillion in February. © 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (
Zawya
05-05-2025
- Business
- Zawya
Egypt: Cairo Airport records 12% growth in passenger numbers during April
Arab Finance: Cairo International Airport witnessed a 12% surge in passenger numbers and an 8% increase in total registered flights during April 2025, compared to the same month in 2024, according to an official statement. The total number of passengers reached 2.621 million, while the number of flights hit 18,966. During April 2025, the number of departing passengers climbed by 12% year-on-year (YoY) to 1.283 million, whereas flights increased by 8% YoY to 9,470. Meanwhile, the number of passengers arriving from abroad rose by 8% YoY to 1.338 million, with arrival flights rising by 7% to 9,496. This remarkable performance is part of the ongoing efforts to improve the services provided and reinforce the air network. With the Hajj season approaching, the airport is expected to see an increase in passenger and flight traffic in the coming period. © 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (
