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Category: Business 9423

New Stock Exchange Chairman: I Will Work to Enhance Its Role in Serving the National Economy - Youm7
Business
  • 1 mins read

New Stock Exchange Chairman: I Will Work to Enhance Its Role in Serving the National Economy - Youm7

Dr. Islam Azzam, new chairman of the Egyptian Stock Exchange, confirmed that trading is governed by supply and demand forces without restrictions, with plans to update oversight systems and activate derivatives and market maker mechanisms to attract new listings.

Strike Hits the WNBA
Business
  • 1 mins read

Strike Hits the WNBA

Negotiations between the WNBA and the players' union over work conditions and salaries are stalled 60 days before the deadline, with possible deadline extension or temporary halt of activities.

Kuwaiti Dinar Exchange Rate on Tuesday, August 26, 2025, in Banks
Business
  • 1 mins read

Kuwaiti Dinar Exchange Rate on Tuesday, August 26, 2025, in Banks

The Kuwaiti Dinar exchange rate stabilized in Egyptian banks on Tuesday, August 26, 2025, with the National Bank of Egypt recording about 157.8 EGP for buying and 159.02 EGP for selling.

August 26, 2025: Collective Decline in Asian Stocks Following Wall Street Drop
Business
  • 1 mins read

August 26, 2025: Collective Decline in Asian Stocks Following Wall Street Drop

Asian stocks fell collectively on Tuesday following declines in U.S. stocks on Wall Street, with losses in Japan's Nikkei 225, Australia's S&P/ASX 200, South Korea's KOSPI, Hong Kong's Hang Seng, and China's Shanghai Composite indices.

Taxes: Launch of the Second Edition of the Tax Services Guide for Taxpayers - Youm7
Business
  • 1 mins read

Taxes: Launch of the Second Edition of the Tax Services Guide for Taxpayers - Youm7

The Egyptian Tax Authority launched the second edition of the tax services guide detailing all services for taxpayers, including required documents, procedures, and service channels.

Urgent Memorandum to Prime Minister to Save Medical Supplies Sector
Business
  • 1 mins read

Urgent Memorandum to Prime Minister to Save Medical Supplies Sector

The head of the General Division for Medical Supplies announced the ongoing crisis of unpaid debts by the Unified Procurement Authority to medical supplies and pharmaceutical companies despite an agreement on urgent measures including a new payment installment in August.

New Stock Exchange Chairman: No Trading Restrictions, Markets Governed by Supply and Demand
Business
  • 1 mins read

New Stock Exchange Chairman: No Trading Restrictions, Markets Governed by Supply and Demand

Islam Azzam, new chairman of the Egyptian Stock Exchange, affirmed that trading is fully governed by supply and demand forces, with no restrictions allowed that could limit market activity or growth, while ensuring protection of good-faith traders' rights.

Official Gazette Publishes Health Minister's Decision to Increase Periodic Allowance for Company Employees - Youm7
Business
  • 1 mins read

Official Gazette Publishes Health Minister's Decision to Increase Periodic Allowance for Company Employees - Youm7

The Official Gazette published the Health Minister's decision to increase the periodic allowance for Vaxira employees by 10% of the basic salary starting July 1, 2025, along with the approval to raise the holding company's capital from 79 million to 566 million Egyptian pounds.

Extension of Application Period for 'Housing for All Egyptians 7' Announcement Until September 14
Business
  • 1 mins read

Extension of Application Period for 'Housing for All Egyptians 7' Announcement Until September 14

Egypt's Minister of Housing extended the application period for the "Housing for All Egyptians 7" initiative until September 14, 2025, with over 144,000 applications submitted and more than 207,000 terms booklets sold.

Export Council for Chemical Industries and Fertilizers Launches Trade Mission to Ghana - Youm7
Business
  • 1 mins read

Export Council for Chemical Industries and Fertilizers Launches Trade Mission to Ghana - Youm7

An Egyptian trade mission will travel to Accra, Ghana from August 25 to 30, 2025, with 14 Egyptian companies participating to boost economic cooperation in the chemical and fertilizer industries.