Egyptian stock exchange

Vodacom acquires 55% stake of Vodafone Egypt
Business

Vodacom acquires 55% stake of Vodafone Egypt

The telecommunications company Vodacom Group, South Africa, completed the purchase of 132 million shares of Vodafone Egypt. This happened on…
Cabinet prepares for offering public companies’ shares on stock exchange
Business

Cabinet prepares for offering public companies’ shares on stock exchange

Prime Minister Mostafa Madbouly held a meeting on Monday to follow up the procedures for restructuring a number of public…
Sawiris sells his share in Beltone to Emirati Chimera Investments
Business

Sawiris sells his share in Beltone to Emirati Chimera Investments

The board of directors of Orascom Financial Holding, whose main shareholder is Egyptian business tycoon Naguib Sawiris, has agreed to…
Immigration Ministry launches savings and investment pots for expats
Business

Immigration Ministry launches savings and investment pots for expats

The Ministry of Immigration and the Egyptian Stock Exchange has launched savings and investment pots in response to the request…
Ezz Aldekhela buys Abu-Hashima’s shares in El-Masreen Steel
Business

Ezz Aldekhela buys Abu-Hashima’s shares in El-Masreen Steel

The EL-Ezz Aldekhela Steel – Alexandria company announced on Sunday that it has purchased 18 percent of the ownership of…
Egypt’s stock exchange, banks resume work on Wednesday
Business

Egypt’s stock exchange, banks resume work on Wednesday

Egypt’s stock exchange and banks will resume work on Wednesday following the three-day-vacation from August 11 till August 13 for…
Banks to suspend work on July 1, 2 on occasion of June 30 revolution: CBE
Egypt

Banks to suspend work on July 1, 2 on occasion of June 30 revolution: CBE

The Central Bank of Egypt (CBE) has decided to suspend work in their local and foreign banks on June 30…
Egypt bourse caps firms raising cash abroad to deepen home market
Business

Egypt bourse caps firms raising cash abroad to deepen home market

Egypt's stock exchange is changing its rules on global depositary receipts (GDRs) to encourage companies to increase their "free float"…
Egypt surges on expectations of currency devaluation
Business

Egypt surges on expectations of currency devaluation

Cairo's main stock index rose 2.9 percent on Monday on expectations of a further currency devaluation this fiscal year, while…
Saudi, Egyptian markets edge up in early trade
Business

Saudi, Egyptian markets edge up in early trade

The Saudi Arabian stock market edged up in early trade on Wednesday before an oil producers' meeting that could help…
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