Egypt's financial advisor NI Capital is planning to complete listing 24 percent of state-owned oil firm Enppi's shares on the local stock market between six and nine months.
"Enppi's listing on the bourse should be complete between 6-9 months." (...)
An investment house and an investment firm are looking to launch two real estate funds in Egypt before the end of the current year, said the country's market regulator head on Sunday.
Sherif Samy, chairman of the Egyptian Financial Supervisory (...)
Construction of the Egyptian new administrative capital city's first power plant is progressing with construction works now 70 percent complete, according to an official in the Ministry of Electricity.
The anticipated power plant costs more than $3 (...)
Egypt's second largest real estate developer Palm Hills Developments (PHD) (PHDC.CA) is planning to pump an amount of one billion Egyptian pounds during 2014, seeking to bolster its current projects in eastern and western Cairo as well as in North (...)
The former Egyptian Minister of Supply and Domestic Trade, Gouda Abdel Khaleq, has called for generalizing the taxes by imposing taxes on all the economic sectors to face the series of the current challenges.
Abdel Khaleq, during the functions of a (...)
Osama Saleh, Egyptian Minister of Investment, said that 12 projects had been reviewed with the Turkish side during his last visit in the fields of railways, infrastructure, recycling and energy by the PPP system; indicating that the first project in (...)
Mohamed Hassanein Heikal, a prominent Egyptian writer, said it is necessary to resort to the results of the former experiences that Egypt witnessed over the centuries in order to set an accurate systematic vision for the current situation.
During (...)
Dozens of the hardcore Ahli fans, or "Ultras", are gathering outside the Egyptian Exchange's headquarters in Downtown seeking to disrupt Wednesday's trading session as a form of expression.
The Ultras groups are gathering today as the Egyptian (...)
About eleven banks have given initial approvals to contribute up to 150% to the Islamic syndicated loan amounting to EGP 1.07 billion which is being arranged for the Egyptian Steel Group, owned by the businessman Ahmed Abu Hashima.
Ahmed (...)
Banque Misr has secured an approval from the Central Bank of Egypt (CBE) to offer Ijara Muntaheya Bettamleek (Islamic lease-to-own) services by the end of 2012.
Ahmed El-Dorghamy, head of Islamic finance department at Banque Misr, said CBE has also (...)
Khalil El Bawab, Director of Fixed Income at EFG Hermes Asset Management, said the Egyptian market needs more sound bases in order to be attractive for foreign investors who wish to invest in sharia-compliant instruments.
The Islamic finance (...)
Shehab Marzban, member of the board of directors of the Egyptian Islamic Finance Association, said the value of Islamic investment funds in the world rose from US$ 30 billion in 2005 to US$ 60 billion at the end of the first half of 2012.
The USA (...)
Shehab Marzban, member of the board of directors of the Egyptian Islamic Finance Association, said he will establish a company for financial services by next October.
The main aim of the company is being the mediator between investors and creators (...)