Egypt affecting stock market

By: masyanchik On: 26.06.2017

CAIRO Nov 2 The head of Egypt's stock exchange said on Wednesday the decision to extend the suspension of capital gains tax on shares will attract investment and boost IPOs in the market. Egypt's Supreme Investment Council opted on Tuesday to prolong for three years a freeze of a 10 percent tax on gains from shares first imposed in July as part of moves to replenish depleted state coffers.

Factors to watch in Egypt’s stock market in the week ahead - Daily News Egypt

Egyptian blue chip shares rose on Wednesday, bucking a downtrend among emerging markets, after the government approved 17 steps designed to boost investment including the extension of the tax suspension. The tax had a negative impact," stock exchange chief Mohamed Omran said in an interview. Egypt has been striving to entice investment to restore growth since a popular uprising in that ushered in protracted political turmoil and scared away tourists and foreign investors - its main sources of hard currency.

The investment council, set up by President Abdel Fattah al-Sisi last month, approved 17 stimulative measures including wide-ranging tax exemptions for farmers and manufacturers who produce strategic crops or goods that Egypt imports or exports. Reporting by Ehab Farouk; writing by Amina Ismail; editing by Mark Heinrich.

53% of EGX30 shares traded at lower than book value - Daily News Egypt

DUBAI Saudi Arabia's new interior minister, until now a little-known year-old law graduate, replaces his veteran uncle as security chief at a time when the kingdom is confronting threats posed by Sunni Islamic State fighters and Shi'ite militants in the east. Nike Inc's shares rose as much as 2 percent after Goldman Sachs said the world's biggest sportswear maker could be close to selling directly on Amazon. Reuters is the news and media division of Thomson Reuters. Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.

Learn more about Thomson Reuters products:. All quotes delayed a minimum of 15 minutes. See here for a complete list of exchanges and delays. Markets European Markets Asian Markets Global Market Data Stocks Bonds Currencies Commodities Futures Funds Earnings Dividends.

Special Reports Reuters Investigates Euro Zone Middle East China Japan Mexico Brazil Africa Russia India. Politics Home Polling Explorer Live: Technology Home Science Top Global Innovators Media Environment Innovation.

What’s up with Egypt’s stock market? | MadaMasr

Breakingviews Home Breakingviews Video. Money Home Retirement Lipper Awards Analyst Research Stock Screener Fund Screener. Health Sports Arts Entertainment Oddly Enough. Pictures Home The Wider Image Photographers Focus Egypt stock exchange head says longer suspension of capital gains tax will Intel Wed Nov 2, 7: The Thomson Reuters Trust Principles.

From Around the Web Promoted by Revcontent. Photos of the Day.

egypt affecting stock market

Follow Us On Twitter Follow Us On Facebook Follow Us On RSS Follow Us On Instagram Follow Us On YouTube Follow Us On LinkedIn. Feeds Newsletters Podcasts Apps. Reuters News Agency Brand Attribution Guidelines Careers. Learn more about Thomson Reuters products: Information, analytics and exclusive news on financial markets - delivered in an intuitive desktop and mobile interface.

Everything you need to empower your workflow and enhance your enterprise data management. Screen for heightened risk individual and entities globally to help uncover hidden risks in business relationships and human networks. Build the strongest argument relying on authoritative content, attorney-editor expertise, and industry defining technology.

The most comprehensive solution to manage all your complex and ever-expanding tax and compliance needs. The industry leader for online information for tax, accounting and finance professionals.

Rating 4,6 stars - 472 reviews
inserted by FC2 system