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EGX
Smart Villages Co. Deters IPO Plans amid Egypt’s New Capital Gain Tax
In response to the newly proposed government tax on capital gains, Egypt's Smart Villages Co. decided to delay IPO…
IMF Defends Egypt’s ‘Well Targeted and Fair’ New Capital Gains Tax
The International Monetary Fund defended Egypt’s decision to tax investor profits and the interim prime minister…
Egypt Waters down Stock Market Tax After Bourse Drops Sharply
Egypt watered down a capital gains tax on stock market profits it announced last week, after the country's bourse…
Egypt Shares Jump at Early Trade on Monday, Gain EGP7 billion
Egypt's stocks jumped at early trade on Monday posting gains worth 7.1 billion Egyptian pounds powered by local and…
Egypt Shares Plunge on Sunday, Lose EGP16 billion amid Tax
Egypt's stocks ended lower on Sunday with losses totalling 16 billion Egyptian pounds (US$2.2 billion) driven by…
MEG -Egypt Incurs EGP1.6mln Losses in 3 Months
The Consolidated Financial Statements revealed that Middle East Glass Manufacturing Company (MEG) incurred losses…
Etisalat Holds Board Meeting This Week to Discuss IPO in EGX
UAE mobile operator Etisalat's Egyptian unit 'Etisalat Egypt' will be holding a board meeting this week to decide…
EGX: Trading Suspended for 30 Minutes amid Early Large Losses
Due to the substantial early losses, the Egyptian Exchange (EGX)'s management decided to halt trading for 30…
Egypt Shares Open a New Week Dramatically Lower, Lose EGP15.7 billion
Egypt's stocks opened a new week dramatically lower incurring early losses worth 15.7 billion Egyptian pounds amid…
In May, Egypt Shares Lose EGP1.7 billion
In May, Egypt bourse incurred losses worth 1.7 billion driven by the recently announced tax on capital gains. In…