Stock Exchange

Islamists look to shake up Egypt stock exchange
Business

Islamists look to shake up Egypt stock exchange

Last month, Mahmoud Abbas, a member of the Salafi-led Nour Party, addressed newly elected members of Egypt's lower house of…
Egypt stock exchange: Beltone chairman to sell stake
Business

Egypt stock exchange: Beltone chairman to sell stake

The chairman of Beltone Financial has agreed to sell his 20-percent stake in the Egyptian investment bank to Arabiyya Lel…
Telecom Egypt plans dividend on deferred profits
Business

Telecom Egypt plans dividend on deferred profits

Landline monopoly Telecom Egypt plans to issue a dividend of 30 piasters per share on deferred profits, the company said…
Fitch downgrades Egypt credit rating over security, political conditions
Business

Fitch downgrades Egypt credit rating over security, political conditions

Fitch Ratings dropped Egypt’s credit rating by one notch to BB, which reflects the substantial and continuous erosion of Egypt's…
Egyptian stock exchange suffers fifth worse loss on record
Business

Egyptian stock exchange suffers fifth worse loss on record

The Egyptian stock exchange on Wednesday lost more than LE10 billion, the fifth biggest one-day loss in the country's history.
Orascom Development head appeals conviction
Egypt

Orascom Development head appeals conviction

Real estate and hotel developer Orascom Development Holding says it is appealing its executive chairman's conviction on charges of violating…
Capital Market Authority chairman grilled over corrupt stock exchange dealings
Egypt

Capital Market Authority chairman grilled over corrupt stock exchange dealings

The Illicit Gains Authority (IGA) started investigations on Sunday into Ahmed Saad Abdel Latif, former chairman of the Capital Market…
Egyptian stocks slip on non-Arab selling
Business

Egyptian stocks slip on non-Arab selling

For the third day in a row, Egypt's main index was in the red on Thursday on non-Arab selling, traders…
Egypt’s benchmark stock index drops on fears over new unrest
Business

Egypt’s benchmark stock index drops on fears over new unrest

Egypt’s benchmark stock index extended its decline for a third consecutive day on Tuesday, pulled lower by an escalation of…
Egypt’s shares rise most since May as military cedes to protesters’ demands
Business

Egypt’s shares rise most since May as military cedes to protesters’ demands

Egyptian shares rallied the most in seven weeks after the government moved to appease demonstrators in several cities and former…
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