Latest in Tag: GDR Highlight

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Latest in Tag: GDR


Traders work near the exchange bell at Egypt's Stock Exchange (EGX) in Cairo July 3, 2013. Cairo's benchmark dipped 0.3 percent, slipping off a three-week high and extending 2013 losses to 9 percent. Bourse data showed that foreign investors were sellers but Egyptians remained net buyers on hopes a military intervention would put an end to the Islamist president's rule. REUTERS/Mohamed Abd El Ghany (EGYPT - Tags: BUSINESS)

Egypt bourse lifts restrictions on GDR deals as FX crunch eases

Egypt’s bourse on Tuesday officially eliminated restrictions on GDR deals, in a sign that the FX crunch that hit the most populous Arab country has been solved, according to a press release issued by the Egypt Exchange. The bourse said that its board of directors decided to remove restrictions that force the proceeds of global …

Elsayed Solyman

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