The Central Bank of Egypt (CBE) has called on banks to seek its approval before amending the investment policies of their affiliated investment funds.
The Egyptian Exchange (EGX) ended Wednesday’s trading session in the red zone, with the EGX30 index down 1.64% to 49,281.24 points.
The exchange rate between the USD and EGP showed stability on Wednesday, October 28, hitting EGP 56.12 for buying and EGP 56.22 for selling at Banque Misr.
WZ Investment has increased its stake in Pioneers Properties for Urban Developments (PRE Group) from 21.26% to 23.69% after purchasing 25.45 million shares for EGP 139.975 million.
Egypt seeks to increase its current annual airport capacity from 73 million to over 122 million passengers by 2030 as part of a strategy to enhance air transport capabilities, expand infrastructure, and modernize the fleets of national airlines.
