Latest in Highlight

Advertising Area

Latest in

Dubai Investments to lift foreign ownership cap to 35%

Reuters – Dubai Investments, a diversified manufacturer and investor in property, plans to increase the limit on foreign ownership of its shares to 35% of its total capital, the company said on Sunday. Foreign investors now hold 13.7% of Dubai Investments’ shares out of the total 20% allowed, bourse data shows. The firm’s shareholders, including …

Daily News Egypt

Egypt Hits 5-year high on Election Law talk; Q4 reports hurt Dubai

Reuters – Egypt’s bourse surged to a five-year high after a local newspaper reported that discussions over a new presidential election law would begin on Wednesday, while Dubai’s shares fell in profit-taking after mixed earnings reports. Cairo’s Al-Ahram said an administrative court, under the mandate of the 2014 constitution, would start discussions on the draft …

Daily News Egypt

MidEast Stocks: Emaar lifts Dubai after credit upgrade; Sisi hopes buoy Egypt

Reuters – Shares in Dubai’s Emaar Properties surged to a 65-month high on Thursday after the firm regained its investment-grade credit rating, while Egyptian shares rose amid a regional uptrend on expectations that the army chief would run for president. Emaar, Dubai’s largest developer, jumped 4.7% to 8.30 dirhams. Standard and Poor’s raised its long-term …

Daily News Egypt

Egypt index falls after deadly car bombing, Dubai hits resistance

By Olzhas Auyezov – Reuters Egyptian stocks have been on the rise since the ouster of former president Mohamed Morsi in July, driven largely by local retail investors who support the new army-backed government – but are wary of any escalation of violence. “Yesterday was a dramatic day and the country has entered a period …

Daily News Egypt

Egypt’s banking sector is optimistic about change

Recent improvements seen in the stock market and decreases in the cost of insuring government debt have reflected positively on the feelings of those working and operating within the sector, who recently decided to decrease return rates on Treasury bonds by 1%

Daily News Egypt