EGX ranks third best performing Arab stock market amid expectations of continued progress
KSE tops the list, QSE tails, six Arab bourses suffer losses, including DFM and ADX
Alia Stouhi
23 Articles
Latest by Alia Stouhi
Financial Group, EFG-Hermes acquire 26% of EGX’s transactions in H1 2017
Financial Group executed transaction of EGP 51.7bn, thanks to the Bin Rushd deal
Financial Group maintains leadership among securities companies in June
Financial Group maintained its dominance over the brokerage firms in June, with a total volume of EGP 4.99bn, representing a market share of 15.4%. It took the lead in the main market excluding deals and deals market, as well as institutions’, Arabs’, and foreigners’ transactions. The Commercial International Brokerage competed over the second place with …
EFG implements 25% of Q2 transactions worth EGP 36.2bn, acquires 59.6% of transactions market
With a major difference, CI Capital ranks second with transactions worth EGP 12.9bn, HC ranks third
EFG-Hermes Research ranks second among 33 regional, international research centers
EFG-Hermes Research ranked second among 33 regional and global research centers in a survey conducted by the Extel Survey in 2017, according to EFG-Hermes Research Chairman Ahmed Shams El-Din. He added that EFG-Hermes Research has over 150 listed companies, accounting for about 63 percent of the market capitalization in the Middle East and North Africa. …
Funds’ assets lose EGP 22bn over past five years, despite number increasing by 17
Losses in 2016 amounted to EGP 27bn, due to CBE decisions scaling funds
Expectations differ about expected real estate fund investments
Saudi Arabia launches three real estate funds in six months, while Egypt launches its third fund in Q3
Naeem Holding to inject new investments worth EGP 4bn in 2017
Acquisition of a large company next month and establishment of direct investment fund during 2017, says Al-Far
MTI completes IPO, oversubscription increases 19 times
Company in negotiations to acquire a microfinance company: Mahmoud
Real estate funds will enter Egypt through three contenders in 2017
NAEEM to issue two tranches, each at EGP 1bn
ADCI aims to add 14 new products and open new export markets
The company targets revenues of EGP 350m in new fiscal year and EGP 18.8m for distributed profits
Rubex will start to develop five new factories in the second half of 2017
The pound’s flotation will double the company’s exports in foreign currency by the end of the year
NI Capital intends to establish a direct investment fund in the second half of 2017
The company furthermore seeks to expand in direct investment
Suez Cement Company to raise Helwan Cement productivity
Inflationary effects of flotation are severe but necessary to complete the economic reform, says Mohanna
Flotation raises the development cost of 665 feddans in New Heliopolis by 20%
Hany Al-Deeb, CEO of the Heliopolis Company for Housing and Development told Daily News Egypt that the cost of developing 665 feddans (690.2 acres) in New Heliopolis increased by 20% due to the pound flotation, noting that the cost was estimated at EGP 30bn—including the price for the land—before the flotation and now surged to …
Postponement of El-Farasha’s offering to 2018
EGP 1bn expected sales by the end of 2017 with 82% growth
MFIC plans to establish EGP 500m real-estate fund
Targeted profits of Misr Investment and Financing Fund at EGP 45%
Development cost of Sharm Dreams Holding hotels increase 35% due to flotation
Current bookings prevent tourism recovery in 2017 by 30% on average at company hotels, says Abu El Enein
Will commodity prices go down as pound strengthens?
Companies pledge to bring prices down; others refuse due to inventory input
Five draft laws and money market development files are currently handed to Sahar Nasr business portfolio
Sherif Samy, chairperson of the Egyptian Financial Supervisory Authority (EFSA), said that five draft laws and money market development files are currently handed to the Minister of Investment’s Sahar Nasr business portfolio after assigning her the role of the competent Minister of EFSA. Samy explained that the money market is currently waiting for the approval …
Nile Cotton Ginning calls for EGX, EFSA to return to trading on shares
Negotiations with the government reached a dead end and the current solution is to return trading
T+0, T+1 mechanisms increase by 40% of daily trading
MCDR targets interconnection with ADX and develop storage capacities by 2017, Abdul Bari says
EFSA studying permission for T+0 mechanism for fund managers
Head of the Egyptian Financial Supervisory Authority (EFSA), Sherif Samy, told Daily News Egypt that the authority is considering the allowance of same-day trading, known as T+0, for fund managers, noting that they will study how this may conflict with the capital market law to remove any legislative obstacles. Samy added that the authority is …
Accelerating issuing of laws will help improve business environment, attract investments
We should think about integrating incorporating entities before preparing the public offerings programme to increase efficiency
HDB plans to launch real estate fund in early March with capital of EGP 500m
The fund’s strategy is based on development processes; returns will be in the third year of the fund’s life, says Tawfik
Raya to offer shares on EGX in Q2 of 2017
Raya Data Center Company is preparing to offer a portion of its shares on the Egyptian Exchange (EGX) during the second quarter (Q2) of 2017. The investment bank EFG-Hermes will take over the position of the manager of the initial public offering (IPO) instead of Beltone. Reem Asaad, CEO of Raya Data Center, said that …
Fears from the repercussions of the stamp tax application on capital market and government propositions
Stamp fees are less harmful for EGX compared to capital taxes
CIAM targets to manage 2 equity funds during 2017
Egyptian economy in 2017 will reflect a better overall picture, says Abol-Enein