Egypt to Enlist Two Firms in Bourse in Q4, Review Stamp Tax

Egypt’s interim government is planning to enlist at least two firms in the Egyptian stock exchange before the end of the current year, the country’s investment minister said on Monday.

Investment Minister Osama Saleh said his ministry is looking forward to enlisting two firms working in sectors of petroleum and financial services to the Egyptian Exchange (EGX) before the end of the current year, seeking to inject new investments to the domestic market.

The minister further stated that the government is currently reconsidering the stamp tax imposed on bourse’s daily transactions.