Stock Exchanges

Egypt plan to withdraw the capital gains tax on stock market transactions, Asharq Business, an Arabic financial portal, reported, citing Minister of Investment and Foreign Trade Hassan El-Khatib. The decision is expected within three weeks according to the government official. The capital gains tax incurred from trading EGX-listed financial securities has been cancelled or postponed five times due to challenges in implementation

Waves of bad news keep hitting the banking sector. Following the failure of Silicon Valley Bank in the US and the forced takeover of Credit Suisse, shares in Deutsche Bank fell sharply Friday (March 24) after a jump in default insurance costs. Deutsche Bank shares, which have lost more than a fifth of their value so far this month, closed down 8.5% on Frankfurt’s

US stocks were slightly lower at the open on Thursday (July 28) but reversed course to gain in early afternoon trading, as a contraction in the U.S. economy for the second straight quarter raised expectations of a less aggressive monetary policy by the Federal Reserve. The Dow Jones was up 0.64% or 201 points at 12:18 pm ET. The Nasdaq 100 gained

Almost two years after the Warsaw Stock Exchange (GPW) Management Board signed an agreement with the Central Bank of Armenia (CBoA) to negotiate the acquisition of a majority stake representing 65% of the shares in the Armenia Securities Exchange (AMX), the deal was finally inked. On 28 June 2022, during a ceremony in Yerevan, Marek Dietl, President of the Management Board of the GPW, signed