Latest in Tag: stock exchange Highlight
Latest in Tag: stock exchange
EGX launches 3rd Stock Exchange for Development conference in Qena, Luxor
The conference comes within the framework of the Egyptian Exchange’s keenness to support the efforts of the Egyptian state to achieve the objectives of economic and social development plans by contributing to the settlement of comprehensive development by supporting many companies operating in Egypt’s governorates in various economic sectors and activities, by assisting these companies, especially small and medium ones, in accessing finance through organized public markets, which are capital markets known in the media as stock exchanges.
Government decision regarding stock exchange taxes awaited by EGX
Global, local stock exchange losses, halting transactions will likely trigger panic selling
Court acquits Gamal, Alaa Mubarak in ‘ stock exchange manipulation’ case
Other than Gamal, Alaa Mubarak, former CEO of EFG Hermes Yasser El Mallawany; Ayman Ahmed Fathi Hussien; Ahmed Naeem Bader; and Hassan Heikal, were acquitted
IDWBE allocates EGP 132m to fund establishment of first commodity stock exchange in Middle East
Exchange to provide 70% of market’s needs, comes within plan for funding, retailing for development purposes, says Fahmy
DreamTeam, IBM, BTCC, IOTA Foundation and Gibraltar Stock Exchange to headline London Blockchain Week
London Blockchain Week event announced that DreamTeam, IBM, BTCC, IOTA Foundation and Gibraltar Stock Exchange will be headlining the event taking place in January 2018. Blockchain Week will bring together between 800-1400 leading Blockchain thinkers throughout the week comprising of a senior audience from enterprises, start-ups, VC firms, media, government and academia, for the fourth …
Germany’s Delivery Hero set for IPO this year
The Berlin-headquartered start-up says its public listing will help it dominate the growing online meal delivery market. The food ordering platform features more than 150,000 restaurants in 40 countries.Amid an already competitive food delivery market, Delivery Hero said on Tuesday it plans to raise around 450 million euros ($506 million) from an initial public offering …
Public Tax Authority recommends imposing 0.175% tax on stock exchange transactions
Tax on stock exchange is high and adversely affects transactions, says Maher
How will stock exchange investors interpret the Abbasiya Coptic Cathedral explosion?
Analysts in securities brokerage companies expect the explosion at the Saint Mark’s Coptic Orthodox Cathedral in Abbasiya on Sunday to accelerate the pace of an awaited decline in the Egyptian Exchange (EGX) in Monday’s session. Experts suggest that the explosion, preceded by another one in Al-Haram street in Giza two days ago, will lead to …
CI Capital promotes offer for Obourland on stock exchange in 5 global markets
The markets include the US, England, South Africa, Saudi Arabia, and Emirates—Dubai and Abu Dhabi in particular
IPP to re-offer 10% of its shares in December
The International Printing and Packaging Company (IPP) will reoffer 10% of its shares in the stock exchange in December, according to a statement by Mustafa Nagy, director of investor relations in the company. Nagy said the decision was taken after conditions on the stock exchange improved following the flotation of the Egyptian pound and a …
Orange Egypt net losses decrease by 63.3% in 2016
Orange Egypt’s consolidated financial results showed a decrease of 63.3% in net losses for 2016, according to the company’s stock exchange statement. The company’s net losses in the first six months of 2016 went down to EGP 33.4m, compared to losses amounting to EGP 91.1m in the same period of 2015. On the …
Stock exchange requests financial statements from companies to limit recent decline
EGX Chairman Mohammed Omran said he believes in the importance of not interfering with the performance of markets, especially since the kinds of financial crises have become various, and have been recurrent throughout the year.
17,955 new investors registered on stock exchange in 2015
A total of 1,198 new foreign institutions registered in the EGX, marking a growth rate of 47%
Experts provide investors with hedging recommendations against stock exchange risks
Experts recommend scaling risks rather than focusing on short-term profits
Fiat-Chrysler makes a killing from Ferrari IPO
After the US-Italian car giant brought a 10-percent stake of the legendary racing car brand to Wall Street last week, it has now announced gross proceeds of close to a billion dollars from the share issue. After closing the book on the Ferrari initial public offering (IPO) on Monday, Fiat-Chrysler Automobiles (FCA) said the sale …
China’s stocks rout evokes global slowdown fears
The more than 8% plunge in the Shanghai Stock Exchange on Monday, 24 August , is the biggest single-day loss Chinese stocks have seen since the peak of the global financial crisis in 2007
An unsurprising sell-off in Athens
It happened just as predicted. The Athens Stock Exchange re-opened after being forced to shut down for weeks – and took a nosedive. But what does that mean? An analysis from DW’s Henrik Bohme. What’s Greece’s most important stock exchange? That was once a question on the TV game show “Who Wants to Be a …
Falling Greek stocks weigh on Europen markets
Greece’s main stock index seemed to have stabilized by the time the markets closed on Tuesday, with shares closing down around 2.2 percent – a far cry from the record drop in share prices from the day before. The head of the Athens Stock Exchange, Socrates Lazaridis, said that most losses incurred on Tuesday were …
Emaar Misr net profit increases 283% in 1H of 2015
1H revenues records EGP 1.56bn
Halting capital gains tax means government supports investment climate: Omran
Prime Minister and Minister of Investment opened Monday’s trading session
Laws regulating real estate sector need more clarity: Capstone’s Sherif Raafat
Ex-chief of bourse heads real estate funds worth $250m
University students live the stock market moment
Model Egyptian Stock Exchange is taking place next week
Morgan Stanley confirms confidence in EGX, keeps it in Emerging Markets Index
Financial Institution remains confident on back of positive market developments
FEDCOC Securities Division to challenge stock market tax: Division member
Securities Division intends to appeal tax on stock market, claiming double taxation, as cabinet refers law to President Adly Mansour
Egypt bourse hits 8-week low
Reuters – Egypt’s main index dropped 2.3% to its lowest close since 11 February. The benchmark has fallen 14.7% from 26 March’s five-year closing high. The sell-off came after Abdel Fattah Al-Sisi said he would run for president; investors, most of whom favour Al-Sisi, had bid up the market ahead of the announcement and took …
Egypt’s Naeem Holding to cross-list on Abu Dhabi exchange
Reuters – Naeem Holding for Investments has received approval from the United Arab Emirate’s financial regulator to list on the Abu Dhabi exchange, the firm said, a further sign of closer economic ties between Egypt and the Gulf. “Coordination is ongoing with the Abu Dhabi market and the necessary measures for receiving the approval of …
Egypt to implement new rules for companies on Stock Exchange
New regulations will be implemented to help boost trading on the bourse and attract more investment
CMA to authorise exchange traded funds
Exchange traded funds serve as open investment funds which follow the movement of specific indicators, listing and trading their supplementary documents on the stock market as shares and bonds.
EGX30 plummets following defence minister’s speech
The benchmark index closed at 5,359.57 points, down from 5,451.72 on Monday, after Sisi asked for a popular mandate for the army to “confront violence and terrorism.”
New stock chairman sets paramount topics
El-Sherif further emphasised the need for society to recognise and realise the true role of the stock market as the primary source of aid and funding for companies seeking to achieve growth in the market.