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Aly Abou-Sabaa, vice president of the African Development Bank’s Sector Operation for Governance, Agriculture and Human Development (Asharq Al-Awsat)
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Undated photo of a trader at the Egyptian Exchange (EGX). (Asharq Al-Awsat)
Egypt launches index for small and mid-cap companies
Cairo, Asharq Al-Awasat—In a move to help develop Egypt’s capital markets, the Egyptian Exchange (EGX) announced on Sunday the launch of a new index for the Nile Stock Exchange (Nilex), the country’s small and mid-cap stock market. EGX Chairman Dr. Mohamed Omran said...Caption:
A woman casts her vote at a polling station during a referendum on Egypt’s new constitution in Cairo on January 14, 2014. (Reuters/Mohamed Abd El Ghany)
Egyptians begin voting on constitution
Cairo, Asharq Al-Awsat—Amid a heightened security atmosphere across the country on Tuesday, Egyptians began voting in a referendum over amendments to the country’s 2012 constitution, in a process set to last until Wednesday evening. More than 50 million voters are...Caption:
File photo of people and vehicles are seen caught in a traffic jam in front of the Central Bank of Egypt’s headquarters in downtown Cairo. (Reuters/Amr Abdallah Dalsh)
Egypt central bank eases control on foreign transfers
Cairo, Asharq Al-Awsat—The Central Bank of Egypt has eased restrictions on foreign currency transfers abroad, allowing individuals to make a one-time transfer of up to 100,000 US dollars this calendar year. In a letter circulated to Egyptian banks on Monday and posted...Caption:
Rain clouds loom over the skyline of Giza, Egypt,on Thursday, Dec. 12, 2013 in Cairo, Egypt. (AP Photo/Maya Alleruzzo)