Cairo-based investment house Naeem Holding plans to launch two new mutual funds in Egypt in the coming years after the country fully restores its stability, said managing director Hazem Kamel on Thursday.
Speaking to Amwal Al Ghad, Kamel stated that (...)
Egyptian Prime Minister Hisham Kandil said the government is planning to invite the International Monetary Fund (IMF)'s team to come to resume talks over the $4.8 billion loan.
Kandil further noted that the IMF's loan is highly pivotal as it boosts (...)
Egypt's Prime Minister Hisham Kandil said the government is not planning to float the Egyptian pound amid the remarkable hike of the U.S. dollar.
“The Central Bank is responsible for the country's monetary policy not the government." Kandil (...)
Dr Mohamed Omran, Chairman of the Egyptian Exchange, has asserted that the EGX management wants to make the Egyptian market the regional center for the African and Middle Eastern stock markets within the coming period.
He added that the EGX is (...)
Osama Saleh, Minister of Investment, emphasized that African markets offer many great investment opportunities for Egyptian companies wishing to expand their business, particularly in the field of infrastructure, which most of the continent's (...)
Sources near from Orascom Construction Industries – OCI (OCIC.CA) said the firm is planning not to pay the Tax Authority (TA) more than EGP 1.2 billion. This comes amid the intensive negotiations which is being held between OCI and the TA on (...)
Dr. Mohamed Omran, Chairman of the Egyptian Exchange, said the bourse plans to intensify its talks with the Egyptian investment banks within the coming period for the purpose of market development.
Omran added that investment banks can play a (...)
Prime Holdings and Investments (PRMH.CA) is studying the establishment of investment funds compliant with the provisions of Islamic law within the last quarter of 2012.
Mohamed Maher, Deputy Chairman, said those funds are witnessing growing demand. (...)
Money market experts demanded reducing interest rates in Egypt so as to increase foreign investments that will in its turn raise economic growth rates and decrease unemployment rate.
Investment in Egypt is in need to be bolstered so as to withstand (...)
Golden Crescent Investments Ltd. (Golden Crescent), one of the Citadel Capital (CCAP)'s Opportunity-Specific Fund, has signed an amended deal to sell its 100% stakes in National Petroleum Company Egypt Limited (NPC Egypt) to Sea Dragon Energy (...)
The Securities sector of the General Federation of Egyptian Chambers of Commerce has nominated Dr. Hani Sarie Eldin, the former Chairman of the Egyptian Capital Market Authority (ECMA), to represent the sector in the formed Committee.
The Egyptian (...)
Dr. Mohamed E. Taymour, the Chairman of the Egyptian Capital Market Association (ECMA), had called on speeding up the formation of a national economic advisory council so as to run programs for comprehensive economic development.
“The council is (...)
The Egyptian Capital Market Association (ECMA) requested the Egyptian Financial Supervisory Authority (EFSA) for speeding up the activation of the T+1 trading system in the Egyptian market so as to increase the liquidity rates.
This was mentioned (...)