The African Stock Exchange Association (ASEA) has chosen the Egyptian Exchange (EGX) to host ASEA Executive Committee meetings scheduled to take place Monday, according to a statement.

In a step to raise the Egyptian market efficiency and to increase the disclosure and transparency levels, The Egyptian Exchange (EGX) will launch next Thursday the first electronic system for direct disclosure of companies, where the listed companies will be able to post their disclosure reports directly to the trading screens for investors

EGX is coordinating with 3 new companies belonging to the petroleum sector to list on the Egyptian Exchange during the coming period, with a total capital of more than LE 8.5 billion.

London Stock Exchange formally welcomed Edita Food Industries to its markets today. The Cairo-based group, a leader in Egypt’s burgeoning packaged snack foods market, raised $275m by simultaneously issuing Global Depository Receipts (GDRs) in London and ordinary shares on the Egyptian Exchange (EGX).