Middle-east Arab News Opinion | Asharq Al-awsat

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In this Saturday, March 10, 2013 file photo, Egyptian traders work on the floor of the stock market in Cairo, Egypt. (AP Photo/Amr Nabil, File)

Egypt amends new stock market law

by Abdul Sattar Hatita | Jun 3, 2014 | Business

Cairo, Asharq Al-Awsat—The Egyptian government has taken measures to ease some of the provisions from a new stock market tax law announced last week after the Egyptian Exchange (EGX) recorded its biggest daily drop in almost a year on Sunday following the...

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Traders work at the Egyptian Exchange in Cairo on June 1, 2014. (Reutyer/Mohamed Abd El Ghany

Egypt stock market plunges on reports of new taxes

by Asharq Al-Awsat | Jun 1, 2014 | Business

Cairo, AP—Egypt’s stock market witnessed a sharp plunge on Sunday that forced a temporary suspension of trading following reports of a newly proposed government tax on capital gains. The half-hour suspension on the first day of the trading week at the Egyptian...

Media ID: 55328119
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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

by Sharif Yamani | Jan 28, 2014 | Business

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...