During his visit to the United States, the Egyptian stock market Chief has met with representatives of around 30 global financial institutions.
Dr. Mohamed Omran – the Chairman of the Egyptian Exchange (EGX) – has reviewed with the representatives (...)
Egypt-based Prime Holding for Financial Investment S.A.E. (PRMH.CA) – has announced on Wednesday its plans to establish a new firm to be a subsidiary of the newly-founded Mining Holding Company.
Mohamed Maher, Managing director of Prime Group, said (...)
Egypt-based Prime Holding for Financial Investment S.A.E. (PRMH.CA) – said the firm is currently in talks with a number of local banks seeking to run 3 fresh fixed-income investment funds with capitals expected to reach EGP 100 million.
Mohamed (...)
During the first quarter of 2013, the Egyptian Exchange has incurred losses of EGP 20 billion as the capital market has reached around EGP 355 billion by the end of the Q1/2013, compared to an earlier quarter's EGP 375 billion, representing a (...)
Egypt's leading carpet manufacturer Oriental Weavers Group (OW) (ORWE.CA), said it has allocated investments worth EGP 600 million to carry out its expansion strategy for the upcoming period. OW's expansion strategy includes opening up new (...)
The Finance and Economic Affairs Committee at the Shura Council will hold a closed meeting on Sunday to discuss the amendments suggested by the Ministry of Finance to the banking law no. 88 of 2003.
After approving the Sukuk law, the Shura Council (...)
Masr Capital said it targets opening up 3 new branches in Senegal, Qatar and Bahrain within this year. The 3 new branches come as a part of Masr Capital's strategy which targets having 15 branches by the year of 2015 in which the investments would (...)
The same-day trading mechanism which is known as T+0 will return to the Egyptian market very soon, by the end of next June at the maximum, the financial regulator chief said on Tuesday.
Dr. Ashraf El-Sharkawy - the Chairman of the Egyptian Financial (...)
The Egyptian financial regulator (FSA) is confirming its plans to continue reviewing the final framework in order to activate the exchange-traded funds (ETFs) in the Egyptian market, the Chief said on Monday.
Dr. Ashraf El-Sharkawy, Chairman of the (...)
The tie-up project between the Egyptian and Turkish bourses will be finalized after Turkey manages to introduce the Fix Hub mechanism for its market.
Ahmed El-Sayed, the Deputy Head of Research & Markets Development Department at the Egyptian (...)
Saudi Industrial Projects Company (SIPCO) ‘Pepsi-Cola Bugshan' will go through a merger with Pepsi-Cola Egypt within the course of 2013. The Saudi company said the merger shall be after doing the evaluation process for the Pepsi-Cola Egypt's assets, (...)
Masr Capital said it targets the completion of its assessment process of the phases to build up the world's third biggest fertilizer plant within the coming three months. The firm pointed out that the investment cost of the fertilizer plant amounts (...)
Hassan Soliman, Masr Capital Chairman and Managing Director, affirmed that investing in African markets is the right to develop the national economy.
Soliman added in his interview with 'Amwal Al Ghad' that investing in African markets has proven to (...)
Prime Holdings and Investments (PRMH.CA) said it awaits the regulators' approvals so as to activate mechanism to issue the Islamic sukuks in the Egyptian market as it would obtain a finance worth EGP 400 million.
Mohamed Maher, Deputy Chairman, (...)
The Salafist Al-Nour Party said it has finalized its platform entitled “Egypt 2050". The platform includes the future vision for Egypt and its national economy.
Hesham Nasr, member at the party's economic committee, stated that Al-Nour's newly-made (...)
Dr. Ashraf El Sharkawy, chairman of Egyptian Financial Supervisory Authority (EFSA), said the General Authority for Investment (GAFI) has completed all the necessary procedures and eventually sent all the requirements so as to launch Bedaya (the (...)
The General Assembly of Alexandria Pharmaceutical and Chemical Industries (AXPH.CA) has approved dividend distribution for the fiscal year of 2011/2012 hit EGP 20.250 million; EGP 4.5 per share.
Central Auditing Organization has ratified the (...)
Agro Corp Private Equity is currently holding talks with a number of investors and firms so as to define the investment policy of its coming fund, which will be launched by the beginning of October 2012.
Khaled Saba, Agro Corp Private Equity CEO, (...)
Misr for Central Clearing, Depository and Registry (MCDR) announced that it targets at increasing the capital of its subsidiary company; MCDR Sport Co. within this month. Worth mentioning, the capital of MCDR Sport Co. amounts to EGP 47 (...)
Heated debates have been sparked off on how effective to employ the new trading surveillance system – MillenniumIT for boosting the Egyptian Exchange (EGX)'s regulatory role.
Some experts asserted that the timing of launching such a system is (...)
Khaled Saba, the chief executive officer of the newly-founded Agro Corp Private Equity said the company has launched an offshore fund to invest in the Egyptian market, particularly in the food sector.
“About $100 million will be collected for the (...)
The Egyptian Investor Protection Fund (EIPF) board will be holding a meeting next week so as to discuss assigning a new chairman of the EIPF board, successor to Mohamed Abdel Salam, the chairman of Misr for Central Clearing, Depository and Registry (...)
Eng. Yasser ElKady, the Information Technology Industry Development Agency (ITIDA) CEO, said there are about 78 ICT companies have shown willingness to join NILEX after ITIDA and Egyptian Exchange (EGX) had signed partnership program in May.
“33 (...)
Dr. Kamal Ganzouri's decree on banning local brokerage companies from foreign securities trading has aroused multiple inquiries among securities companies which work in this field. Yet, other securities companies, which do not work in the field of (...)
A number of EFG-Hermes Group (HRHO.CA) shareholders is considering to collect the lawful percentage of 5% which are necessary to express their objections to the group's approval of Qatari QInvest acquisition deal to seize 60% of the stakes.
Pursuant (...)