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DreamTeam, IBM, BTCC, IOTA Foundation and Gibraltar Stock Exchange to headline London Blockchain Week

London Blockchain Week event announced that DreamTeam, IBM, BTCC, IOTA Foundation and Gibraltar Stock Exchange will be headlining the event taking place in January 2018. Blockchain Week will bring together between 800-1400 leading Blockchain thinkers throughout the week comprising of a senior audience from enterprises, start-ups, VC firms, media, government and academia, for the fourth …

Daily News Egypt

IPP to re-offer 10% of its shares in December

The International Printing and Packaging Company (IPP) will reoffer 10% of its shares in the stock exchange in December, according to a statement by Mustafa Nagy, director of investor relations in the company. Nagy said the decision was taken after conditions on the stock exchange improved following the flotation of the Egyptian pound and a …

Mohamed Ahmed

Orange Egypt net losses decrease by 63.3% in 2016

    Orange Egypt’s consolidated financial results showed a decrease of 63.3% in net losses for 2016, according to the company’s stock exchange statement. The company’s net losses in the first six months of 2016 went down to EGP 33.4m, compared to losses amounting to EGP 91.1m in the same period of 2015. On the …

Mohamed Samir

Egypt bourse hits 8-week low

Reuters – Egypt’s main index dropped 2.3% to its lowest close since 11 February. The benchmark has fallen 14.7% from 26 March’s five-year closing high. The sell-off came after Abdel Fattah Al-Sisi said he would run for president; investors, most of whom favour Al-Sisi, had bid up the market ahead of the announcement and took …

Daily News Egypt

Egypt’s Naeem Holding to cross-list on Abu Dhabi exchange

Reuters – Naeem Holding for Investments has received approval from the United Arab Emirate’s financial regulator to list on the Abu Dhabi exchange, the firm said, a further sign of closer economic ties between Egypt and the Gulf. “Coordination is ongoing with the Abu Dhabi market and the necessary measures for receiving the approval of …

Daily News Egypt