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Creating union between African exchanges forming strong entity attracts investors: Sherif Samy

Sherif Samy, former chairperson of the Financial Regulatory Authority (FRA), asserted that most African exchanges are still small, emerging ones, stating that there are only four African exchanges which can be considered as relatively strong on the investment map, namely the exchanges of Egypt, South Africa, Morocco, and Nigeria. “Other small African exchanges can adopt …

Daily News Egypt

Linking EGX with African exchanges enhances cooperation of the continent: CEO of SOLID Capital-Egypt

Mohamed Reda, CEO of SOLID Capital-Egypt, asserted that the Egyptian Exchange (EGX) had an effective role in African Exchanges during recent years, creating transforming experiences. This is why Mohammed Omran, chairperson of the Financial Regulatory Authority (FRA) and former chairperson of the EGX, has been celebrated by the African Securities Exchanges Association (ASEA) as the …

Noha Abd ElRahman

FEP Capital Chief suggests NILEX become stand-alone company to spur IPOs

Omar Maghawry, CEO and managing partner of FEP Capital, has proposed splitting Nile Stock Exchange (NILEX) from the Egyptian Exchange (EGX) as a stand-alone company to spur greater initial public offerings IPOs and achieve better results. Maghawry, who was speaking on the sideline of the 21st Annual General Meeting and Flagship Conference of the African …

Daily News Egypt

EGP 74,000 was Bitcoin exchange rate in August 2017, compared to $4,400

The exchange rate of Bitcoin is EGP 74,000 compared to $4,400 in August 2017, according to the website BitPay. The Bitcoin ecosystem in Egypt is currently small, with only a handful of traders listed on the website LocalBitcoins. However, Bitcoin Egypt, a startup for the cryptocurrency is launching in Egypt. Its founder Rami Khalil said, …

Shaimaa Al-Aees