Madbouly: Spain key ally in Egypt's regional, global project drive    Global pressure mounts on Israel as Gaza death toll surges, war deepens    Egypt targets 7.7% AI contribution to GDP by 2030: Communications Minister    Irrigation Minister highlights Egypt's water challenges, innovation efforts at DAAD centenary celebration    Egypt discusses strengthening agricultural ties, investment opportunities with Indian delegation    Al-Sisi welcomes Spain's monarch in historic first visit, with Gaza, regional peace in focus    Cairo governor briefs PM on Khan el-Khalili, Rameses Square development    El Gouna Film Festival's 8th edition to coincide with UN's 80th anniversary    Egypt expands medical, humanitarian support for Gaza patients    Egypt condemns Israeli offensive in Gaza City, warns of grave regional consequences    Cairo University, Roche Diagnostics inaugurate automated lab at Qasr El-Ainy    Egypt investigates disappearance of ancient bracelet from Egyptian Museum in Tahrir    Egypt launches international architecture academy with UNESCO, European partners    Egypt signs MoUs with 3 European universities to advance architecture, urban studies    Egypt's Sisi, Qatar's Emir condemn Israeli strikes, call for Gaza ceasefire    Egypt condemns terrorist attack in northwest Pakistan    Egyptian pound ends week lower against US dollar – CBE    Egypt hosts G20 meeting for 1st time outside member states    Egypt to tighten waste rules, cut rice straw fees to curb pollution    Egypt seeks Indian expertise to boost pharmaceutical industry    Egypt prepares unified stance ahead of COP30 in Brazil    Egypt harvests 315,000 cubic metres of rainwater in Sinai as part of flash flood protection measures    Al-Sisi says any party thinking Egypt will neglect water rights is 'completely mistaken'    Egyptian, Ugandan Presidents open business forum to boost trade    Egypt's Sisi, Uganda's Museveni discuss boosting ties    Egypt's Sisi warns against unilateral Nile measures, reaffirms Egypt's water security stance    Greco-Roman rock-cut tombs unearthed in Egypt's Aswan    Egypt reveals heritage e-training portal    Sisi launches new support initiative for families of war, terrorism victims    Egypt expands e-ticketing to 110 heritage sites, adds self-service kiosks at Saqqara    Palm Hills Squash Open debuts with 48 international stars, $250,000 prize pool    On Sport to broadcast Pan Arab Golf Championship for Juniors and Ladies in Egypt    Golf Festival in Cairo to mark Arab Golf Federation's 50th anniversary    Germany among EU's priciest labour markets – official data    Paris Olympic gold '24 medals hit record value    A minute of silence for Egyptian sports    Russia says it's in sync with US, China, Pakistan on Taliban    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    

Articles of the author Abdel Rahman Shalaby
Stock Exchange employees postpone planned strike action
Employees of the Egyptian Stock Exchange have postponed a strike slated for Thursday until after they have met with the prime minister. The strike was called by the head of the Disclosure Department, Hisham Amer, who is demanding to be excluded from (...)

13 - 12 - 2011
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. Experts attributed the losses to the unpredictable political situation, in particular the announcement from various (...)

28 - 09 - 2011
New director of Egyptian Stock Exchange appointed but not informed
Prime Minister Essam Sharaf announced on Wednesday the appointment of Mohamed Omran as the new director of the Egyptian Stock Exchange, starting from 25 September. Omran, however, said he had not been informed of his appointment. The current (...)

21 - 09 - 2011
Analysts voice optimism for Egyptian investments in post-Qadhafi Libya
Analysts have predicted that Egyptian investments in Libya will be positively affected by the success of anti-regime rebels in ousting Libya's longtime leader Muammar Qadhafi from the country's capital, Tripoli. They believe investments in the (...)

01 - 09 - 2011
Citadel Capital chairman cleared of corruption charges
Citadel Capital chairman Ahmed Heikal returned to Cairo on Sunday after he was cleared of charges relating to a suspicious deal in the privatization of the Helwan Portland Cement Company. According to the allegations, former prime minister Atef (...)

05 - 06 - 2011
Finance minister: Egypt set to be a leading economy
Finance Minister Samir Radwan said on Thursday that the International Monetary Fund has confirmed that the Egyptian economy will be among the world's most promising economies in the next five years, provided it survives its current setback. Speaking (...)

13 - 05 - 2011
Finance experts warn against trading shares of corrupt officials
Investment experts have warned investors against conducting transactions that involve shares owned by persons being investigated for corruption. Mohsen Adel, managing director for Pioneers Investment Funds, advised stock exchange investors to be (...)

18 - 04 - 2011
PM to make final decision on date for stock exchange reopening
Prime Minister Essam Sharaf is to take a final decision soon on the date for reopening the Egyptian stock exchange. The exchange is expected to resume this week, as the stock exchange faces the threat of being dropped from international indices if (...)

20 - 03 - 2011
Losses on Egyptian Stock Exchange difficult to predict
Predicting losses on the stock index when the Egyptian Stock Exchange finally re-opens is difficult, said financial experts on Monday. The experts pointed out that any predictions would be inaccurate, but they feel the controls established by the (...)

14 - 03 - 2011
Regulations to avoid conflicts of interest between state and ministers
In an attempt to combat corruption, Prime Minister Ahmed Shafiq tasked Ziad Bahaa Eddin, head of the Financial Supervisory Authority, with forming a committee to devise regulations that would avoid financial conflicts of interest between the state (...)

27 - 02 - 2011
Egypt''s stock exchange to remain closed on Tuesday
The management of the stock exchange said it would still be closed on Tuesday until banks operate normally, adding that the reopening would be announced 48 hours in advance. “It's for the benefit of the investors,” said stock exchange president (...)

20 - 02 - 2011
Presidential scion Gamal Mubarak took LE189.45 million in profits from EFG-Hermes
Egyptian investment bank EFG-Hermes announced on Sunday that Gamal Mubarak, son of former president Hosni Mubarak, had taken LE189.45 million worth of profits from the company since 2007. "EFG-Hermes Financial Group Holding stresses that its (...)

15 - 02 - 2011
Govt prepares legislation to boost SMEs
The Egyptian government is drafting a set of legislation to boost investment in small and medium enterprises (SMEs), according to Rachid Mohamed Rachid, Egypt's Minister of Trade and Industry and acting Investment Minister. In press statements on (...)

21 - 12 - 2010
Vimpelcom seeks loan to buy OT, Wind
Russian mobile operator Vimpelcom is trying to secure a US$4 billion loan in order to fund a merger with the Egyptian Orascom Telecom and the Italian Wind. According to informed sources quoted by Reuters, US$2 billion of the loan will be devoted to (...)

08 - 11 - 2010
Egypt exchange maintains upward trend amid investor confidence
Egypt's EGX 30 stock market index has continued its gradual climb, rising 0.7 percent to settle at 6701.18 points by the middle of Wednesday's trading session. Total daily transactions stood at 57.18 million shares valued at a total of LE427.2 (...)

03 - 11 - 2010
Algiers halts evaluation of Djezzy, Orascom Telecom shares rise
Shares in Egypt's blue-chip Orascom Telecom (OT) rose on the local stock market on Sunday after it emerged that the Algerian government had halted the evaluation of OT's Algerian affiliate, Djezzy. Algerian daily Al-Nahar Al-Gadid on Sunday quoted (...)

03 - 10 - 2010
EFG Hermes: 2010 trading in regional markets down by 40%
A recently issued financial report shows that regional stock markets saw a nearly 50-percent decline in trading during the second quarter of 2010, compared to the same period in 2009. Regional markets were affected by the financial crisis in Greece, (...)

16 - 08 - 2010
Prosecution hears testimony in bourse case
Egypt's Financial and Commercial Affairs Prosecution office opened an investigation on Sunday into a complaint filed by investors alleging that Maged Shawqy, former president of the Egyptian Stock Exchange, and Ziad Bahaa Eddin, former chairman of (...)

18 - 07 - 2010
Stock exchange drops slightly
The Egyptian stock exchange recorded a minor drop of 0.13 percent on Thursday, the first day for its new director Khaled Siam. Egyptian and Arab investors tended to sell, while foreign investors were more inclined to buy stocks. The EGX 30 index (...)

15 - 07 - 2010
Witnesses summoned in stock exchange case
The Financial and Commercial Prosecution Office has ordered investors who filed complaints against Maged Shawqy, former chairman of the Egyptian Stock Exchange, and Ziad Bahaa Eddin, president of the Egyptian Financial Supervisory Authority, to (...)

13 - 07 - 2010
Former stock market director faces questioning
Attorney General Abdel Meguid Mahmoud has summoned the former director of Egypt's stock market, Maged Shawky, and the head of the Financial Suprevisory Authority, Ziad Bahaa Eddin, for questioning. The decision comes following reports filed by a (...)

13 - 07 - 2010
Algeria announces new law restricting foreign investment
Algeria announced a series of measures on Sunday that will give preferential treatment to domestic firms over foreign rivals, strengthening the energy exporter's trend towards economic nationalism. As a result, a number of Egyptian firms operating (...)

12 - 07 - 2010
Egyptian stock market up 1.57%
The Egyptian Stock Exchange rose notably on Sunday, with foreign investors tending to buy amid a wave of selling by Egyptian and Arab investors. The EGX 30 index rose by 1.57 percent, gaining 100 points, to close out at 6519. The price index, (...)

20 - 06 - 2010
EGX30 up 1%
Egypt's main index, EGX30, rose by 1 percent after intensive buying by local and Arab investors, while foreigners largely sold their stocks. The stock index gained 64 points, closing the trading session at 6348 points. The price index, meanwhile, (...)

17 - 06 - 2010
Stock market up 2.8% despite Greek woes
The Egyptian stock exchange's EGX 30 index on Sunday rose by 2.8 percent, or 180 points, to close at 6518, despite Greece's unfolding financial crisis and its repercussions on the rest of the EU, especially Spain and Portugal, both of which have (...)

30 - 05 - 2010
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