The Parliament’s planning and budget committee raised on Wednesday the stamp duty on stock market dealings as part of a draft law submitted by the government and scheduled for discussion in a plenary session next Sunday.
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The committee also recommended reducing the expenses of the Investor Protection Fund by 50% to 0.00005%, down from 0.0001%, and cut fees on trading on stocks listed on the EGX by 50%.
EFG Hermes conducted EGP 8.2bn of transactions thanks to institutions deals
Egypt ranked second in among targeted inbound M&A countries with $721m
Decision would have positive impact on trading volumes during upcoming period, says Aswaq managing director
With a major difference, CI Capital ranks second with transactions worth EGP 12.9bn, HC ranks third
Electronic payments grew by 50% in Egypt during 2015
CIB prohibited international credit card transactions as trial before decision is officially implemented, expects Reda
The transaction, worth approximately EGP 1bn, is expected to take place on 20 November
Transactions of Egyptians and Arabs tended towards buying, while foreigners’ transactions tended towards selling
Daily transaction rate has gone up from 1,000 per day by the end of 2009 to over 1m, says CPIO
Mobile phones are crucial to Visa’s Egypt strategy and their use in making payments is a pillar of Visa’s holistic financial strategy, according to Tariq El-Husseini, North and West Africa Visa General Manager. El-Husseini said that the financial usage of mobile phones in Egypt has so far been limited to transferring funds from one person …
In an exclusive interview with the Daily News Egypt, Magdy Hassan, Country Manager of MasterCard Egypt, highlighted the programmes and services the credit card provider offers. He also highlighted the “Road to Inclusion Report” adopted by MasterCard.
Abraaj Capital Group is monitoring new direct investment opportunities to acquire companies in different sectors, counting on political stability
The size of non-cash transactions in Egypt has reached approximately 7%, the head of business at MasterCard Egypt said during the People and Banks conference on Thursday. He added that non-cash transactions have reached “90% in France and Belgium, 80% in America, 60% in Korea and Japan, 30% in the UAE, 20% in Saudi Arabia, …
75% of online purchasers are in their 30s or younger
Egyptian Medical Syndicate gave out EGP 25m in off-the-record loans and accepted donations from uncertified companies
The Egyptian Stock Exchange (EGX) will implement a new closing price mechanism on Thursday. Egypt’s financial watchdog, the Egyptian Financial Supervisory Authority (EFSA), approved the new regulations for changing stocks’ closing prices, as suggested by EGX board of directors, on 28 August in an effort to impose more discipline over trading operations. The new regulations …