Economy

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  • Category : Economy
  • Cabinet says PM keen on attending EGX trading session

    Date: 2015-05-18 14:05:13 GMT - Egypt - Economy - SN:73 - ID:2612933

    CAIRO, May 18 (MENA) – The cabinet said Prime Minister Ibrahim Mahlab was keen on attending Monday's trading session of the Egyptian Exchange (EGX). "His participation showed the governments' support to the capital market system as its important ....

  • GlobalPRNewswire (2): United Nations Alliance of Civilizations and the BMW Group Launch Search for Innovative Projects that Promote Intercultural Dialogue and Understanding

    Date: 2015-05-18 13:06:02 GMT - USA - Economy - SN:64 - ID:2613329

    -- Eligible Organizations Should Apply by 30 September 2015 NEW YORK and MUNICH, May 18, 2015 /PRNewswire/MENA/ -- The United Nations Alliance of Civilizations (UNAOC) and BMW Group are pleased to announce the fourth edition of the Intercultural ....

  • Clearing company: Capital gains tax to be refunded to investors as soon as formal decision issued

    Date: 2015-05-18 12:53:09 GMT - Egypt - Economy - SN:55 - ID:2612673

    CAIRO, May 18 (MENA) – The Misr for Central Clearing, Depository and Registry (MCDR) said it will refund the taxes it had levied on capital gains retrospectively once a formal decision is issued by the Finance Ministry. During an emergency ....

  • EGX welcomes govt decision to suspend capital gains tax

    Date: 2015-05-18 12:13:03 GMT - Egypt - Economy - SN:49 - ID:2611737

    CAIRO, May 18 (MENA) – Chairman of the Egyptian Exchange Mohamed Omran welcomed a government decision to halt the enforcement of capital gains taxes for two years. In a statement, of which MENA obtained a copy, Omran welcomed the government’s ....

  • PM grants Futtaim Group license for investment zone

    Date: 2015-05-18 10:13:51 GMT - Egypt - Economy - SN:37 - ID:2610817

    CAIRO, May 18 (MENA) – Prime Minister Ibrahim Mahlab granted a license to UAE’s Majid Al Futtaim Real Estate Misr to build an investment zone on the Ring Road in Cairo’s Maadi district. The company, meanwhile, will have to fulfill all the terms ....

  • EGX trading suspended for 30 minutes

    Date: 2015-05-18 09:45:21 GMT - Egypt - Economy - SN:31 - ID:2610897

    CAIRO, May 18 (MENA) - The Egyptian Exchange has suspended trading for half an hour after a rise in the EGX 100 index exceeded the customary 5 percent in the first minutes of trading. The capital market also gained more than 15.5 billion pounds ....

  • EGX makes additional gains worth EGP 15bn in early trading Monday

    Date: 2015-05-18 09:33:54 GMT - Egypt - Economy - SN:29 - ID:2610777

    CAIRO, May 18 (MENA) - CAIRO, May 18 (MENA) - The Egyptian Exchange (EGX) made additional gains worth 15 billion pounds early in Monday's trading session amid purchase operations by Arab investment funds and institutions. The EGX 30 benchmark ....

  • Mahlab says govt fully supports capital market

    Date: 2015-05-18 09:26:50 GMT - Egypt - Economy - SN:23 - ID:2610773

    CAIRO, May 18 (MENA) - Prime Minister Ibrahim Mahlab has said that his government completely supports the capital market and Egyptian Exchange (EGX). The government makes decisions that are meant to support the market and serve the best interests ....

  • EGX gains about EGP 9bn very early in Monday trading session

    Date: 2015-05-18 09:23:07 GMT - Egypt - Economy - SN:18 - ID:2610545

    CAIRO, May 18 (MENA) - The Egyptian Exchange (EGX) gained about nine billion pounds in the first 10 minutes of Monday's trading session on the back of a government decision to suspend the Capital Gains Tax (CGT) for two years. The EGX 30 ....

  • PM inaugurates EGX trading session Monday

    Date: 2015-05-18 08:30:28 GMT - Egypt - Economy - SN:14 - ID:2610329

    CAIRO, May 18 (MENA) - Prime Minister Ibrahim Mahlab and Investment Minister Ashraf Salman will inaugurate the EGX trading session Monday. Mahlab will ring the opening bell of the trading session today, said EGX chairman Mohamed Omran. The ....

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