EGX Rises, but Tax Reform and S&P Review Cast a Shadow

Cairo — Egypt’s capital markets are facing two potentially significant tests after the government moved to restore a stamp tax on stock-market transactions and S&P Dow Jones Indices launched a consultation on whether the country should retain its emerging-market status, developments that could influence liquidity, foreign participation and the long-term competitiveness of the Egyptian Exchange. The developments came […] The post EGX Rises, but Tax Reform and S&P Review Cast a Shadow appeared first on The Middle East Observer.