Egypt to swap capital gains for stamp duty to boost stock market investment
Egypt plans to replace capital gains tax with a stamp duty to stimulate institutional investment in the stock exchange, Finance Minister Ahmed Kouchouk announced on Wednesday, as part of a second package of tax facilities aimed at supporting the business
Next phase to see deeper African market integration, new financial instruments: EGX chair
Islam Azzam, Chairperson of the Egyptian Exchange (EGX), said the coming phase will witness deeper cooperation among African markets, alongside the introduction of new financial instruments and strengthened frameworks for transparency and disclosure. These steps, he noted, are expected to
Edita Food Industries Posts Record-Breaking 3Q2025 Results with 40% Surge in Revenue
Edita Food Industries, Egypt’s leading snack manufacturer, reported another stellar quarter, with revenues soaring 40.4% year-on-year to EGP 5.5 billion in the third quarter of 2025, driven by strong volume growth, product mix optimization, and margin expansion. The company’s net
Capital Markets Advisors Concludes Advisory Role in Al Baraka Bank Egypt’s Acquisition of Amlak Finance Egypt
Capital Markets Advisors, a subsidiary of Synergy Capital, has successfully completed its role as the exclusive buy-side advisor to Al Baraka Bank – Egypt in its full acquisition of Amlak Finance – Egypt, marking a significant milestone in the local
Misr Cement Group Reports EGP 272 Million Profit in 2024, Marking 136% Growth
Misr Cement Group has announced a significant surge in its financial performance for 2024, reporting a net profit of EGP 272 million, a 136% increase compared to the previous year. This remarkable growth underscores the Group’s successful strategy in cost
Said Zater Assumes New Strategic Role at Contact Financial Holding
Said Zater has stepped down as CEO of Contact Financial Holding to take on a new role as Vice Chairman of the Board and Board Advisor. This transition marks the culmination of his 24-year leadership journey, during which he played
Edita Food Industries Expands Regionally with Strategic Entry into Iraqi Market
Edita acquires 49% stake in Tuama Jebur Abbas, establishes Edita Iraq with a planned USD 27 million investment over three years.
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Egypt hosts Arab stock exchange Chairperson for “Portfolio Egypt 2024” conference – Dailynewsegypt
The seventh edition of the “Portfolio Egypt 2024” conference will convene on September 30th, bringing together distinguished Arab participation for discussions on the future of Arab stock markets. The event, themed “Arab Stock Markets: Integration or Competition,” will be held