The Egyptian Exchange (EGX) ranked third among the best Arab bourses during the first half of this year, with a rise of 9%. The Kuwait Stock Exchange (KSE) was the top gainer during the period, rising over 18%, followed by Bourse de Tunis (BVMT) (...)
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', (...)
The Financial Group and EFG-Hermes accounted for 26% of brokerage firms' total transactions in the Egyptian Exchange in the first half (H1) of this year amounting to EGP 91bn. The two companies implemented transfer transactions of EGP 13bn for (...)
EFG has ranked first in terms of transactions among other brokerage companies in the second quarter (Q2) of 2017, with a major difference between it and its competitors, implementing 25% of the total transactions carried out over the past three (...)
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 (...)
Egyptian investment funds lost EGP 22bn of the size of their assets during the past five years, despite having their numbers increased by 17 funds in the same period. The Egyptian Exchange (EGX) also climbed by 240%, which is comparable to the (...)
During the first experiment of launching real estate funds in Egypt, there were different points of view on expected returns from investing in these funds and the distribution ratios.
The Saudi market is new to these types of funds as well, as it (...)
Youssef Al-Far, CEO of Naeem Holding Company, told Daily News Egypt that the group is planning to inject new investments worth EGP 4bn in acquisitions and direct investment funds during the current year.
Al-Far pointed out that one of those (...)
After three years following the approval of the Egyptian Financial Supervisory Authority (EFSA) for establishing real estate funds, Egypt will enter the real estate funds sector through launching three funds at once during the first half of this (...)
Misr Financial Investments Company (MFIC), a subsidiary of Misr Insurance Holding Company, intends to establish a real-estate fund in 2017 and to raise the size of its assets through diversifying its investments.
Chairperson of MFIC, Atef (...)
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 (...)
Chairperson of the Suez Cement Company Omar Mohanna said that despite the negative repercussions of the pound flotation, it is still beneficial to the path of economic reform.
He pointed out that companies that had expansion plans were atop the (...)
CI Assets Management (CIAM), subsidiary to CI Capital Holding, is seeking to manage new equity portfolios and funds, in addition to pension and insurance funds, to promote the company's assets portfolio that currently amounts to about EGP 8bn.
The (...)