Article: News in brief.

CASE 30 will become EGX 30

The Egyptian Stock Exchange (EGX) will change the CASE 30 index name to EGX 30 starting March 2009. Also, EGX intends to issue an EGX 70 index during the same month. The new index will include the most active 70 stocks in the Egyptian market after excluding the 30 companies included in EGX 30 index. --Al-Mal

State bank may buy Damac stake

State-controlled Housing and Development Bank said on Monday it had agreed to conduct due diligence checks to buy a 60-percent stake in the Egyptian unit of Dubai-based property developer Damac. --Reuters

Eye on the market

Global Investment House said it may face ...

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