The Extraordinary General Assembly of Orange Egypt for Telecommunications (EGX:OREG) approved to optionally write off the company's shares from the Egyptian Exchange (EGX).

The head of Egypt's Financial Supervisory Authority Mohamed Omran issued a decision on Tuesday to reduce annual registration services fees for companies listed on the Egyptian Exchange (EGX) by 50 percent.According to the decision, annual services fees will be 0.0005 percent of the total issued capital instead of the current 0.001, with minimum fees of EGP 5,000 compared to EGP 10,000, while the maximum fees will remain at EGP 25,000.

Egypt will offer additional shares in five state-owned companies on the Egyptian Exchange (EGX) during three months at a price that increases or decreases 10 percent from the market price, Egypt’s business sector minister Hesham Tawfik said on Monday."The offered price of the state-owned companies' shares will be its market price or greater or less than 10 percent", Tawfiq told a news conference on Monday.

Egypt's Exchange Authority updated on Thursday its website to meet growing needs in the securities industry and help increase the number of investors and registered securities.