Egypt-based HC Securities & Investment plans to launch a new real estate investment fund by the end of the current year. The anticipated fund will be with an initial capitalization worth one billion Egyptian pounds.
In this respect, HC chairman (...)
Egypt-based HC Securities & Investment targets the launch of its exchange-traded fund (ETF) within the few next months, according to chairman Hussein Choucri.
With a capitalization amounts to EGP 100 million, HC plans to launch its own ETF within (...)
Egypt-based HC Securities & Investment targets an increase of its current assets to EGP 10 billion by the end of this year, according to chairman Hussein Choucri.
Speaking to Amwal Al Ghad on Tuesday, Choucri said HC Securities & Investment is (...)
855 new companies were founded in Egypt during March 2014, highest in 9 years, according to Trade, Industry & Investment Minister Mounir Fakhry Abdel Nour.
The newly-founded companies throughout March were with capitals totalling 1.549 billion (...)
Egypt's Central Clearing, Depository and Registry house (MCDR) is planning to finalize the dual listing framework with Abu Dhabi Securities Market within the next two weeks.
This comes after MCDR signed a memorandum of understanding with its Abu (...)
Egypt-based Beltone Financial Holding is planning to launch its draft prospectus for exchange-traded funds (ETFs) by the end of this week, according to CEO Alaa Sabaa.
On the sidelines of the 1st Annual Funds Conference kicked off in Cairo on (...)
Egypt's market watchdog ratified on Wednesday the regulations governing the exchange-traded funds (ETFs) alongside the margin trading.
The board of market watchdog Egyptian Financial Supervisory Authority (EFSA) discussed on Wednesday a number of (...)
Samsung Electronics Co., Ltd is seeking to increase its exports from the Egyptian market to hit US$ one billion by the end of 2014, Samsung Egypt's Managing Director Seung-ho Yun announced on Sunday.
He also revealed Samsung Egypt's ambitious plans (...)
World Bank Group's IFC has spent around US $ 300 million during 2013 in supporting the SMEs in the MENA region, the corporation's regional director revealed on Sunday.
Speaking to the 6th Conference for the SMEs Governance that kicked off today in (...)
Egypt's market regulator is planning to release the long-awaited Exchange Traded Funds (ETFs) before the end of first quarter of 2014.
Dr. Sherif Samy - Chairman of the Egyptian Financial Supervisory Authority (EFSA) – told Amwal Al Ghad that he (...)
Egypt's financial regulator has completed drafting the first microfinance law, Amwal Al Ghad has quoted the Chief as saying.
Dr. Sherif Samy, chairman of Egyptian Financial Supervisory Authority (EFSA), has unveiled the final draft of the first (...)
Egyptian Minister of Investment Yehia Hamad has convened a meeting with Mr. Song Aiguo, Chinese Ambassador to Cairo, to look into the Egyptian Chinese investment cooperation fields and the ways of boosting the volume of the Chinese investments in (...)
Completing Policyholders Protection Fund Of Insurance Firms Bankruptcy Early Next Fiscal Year
Approving To Grant New Insurance License To One Of Firms And Financial Solvency Inevitable To Work In The Market
EGP 7.7 Billion Total Compensations Of The (...)
DHL, the world's leading cross-border express services provider, is targeting injecting fresh investments in the Egyptian market estimated at EGP 200 million within the years of 2013 and 2014, said the General Manager on Monday.
Amr Tantawi, General (...)
DHL, the world's leading cross-border express services provider, is planning to inject fresh investments in the Egyptian market estimated at EGP 500 million, said the General Manager on Tuesday.
Amr Tantawi, General Manager of DHL Egypt, told Amwal (...)
Yasser El Mallawany, Chief Executive Officer of EFG Hermes, announced on Wednesday the firm is finalizing the tie-up with Qatari QInvest within the coming two months.
Pursuant to the agreement, EFG Hermes and QInvest shall enter into an alliance (...)
The UAE-based international real estate firm, Al-Futtaim Group has started the preparations for conducting initial studies on its new project ‘Cairo Gate', said the General Manager Mohamed El Mikawi.
Mikawi noted that the studies on Al-Futtaim's new (...)
Al-Futtaim Group eyes the implementation of Phase II of its project in New Cairo, Cairo Festival City within the current year through investments up to EGP 500 million, the Managing Director said on Monday.
Mohamed El Mikawi, Managing Director at (...)
Dr. Hani Sarie Eldin - the legal counsel for Orascom Construction Industries, asserted that the negotiations between Egypt's Tax Authority and OCI (OCIC.CA) over the tax dues are still at square one as they had not yet come up with any effective (...)
Mona Zulficar, EFG Hermes' Board of Directors Chairperson, has negated that Orascom Construction Industries (OCIC.CA)'s recent transaction on cancelling its Global Depository Receipts (GDRs) on London Stock Exchange transferring their ownership to (...)
Al-Futtaim Group plans to complete the establishment of the mall in its new project ‘Cairo Festival City' next June in which the investment cost amounts to around EGP 3.5 billion, said the General Manager Mohamed El Mikawi.
In an exclusive statement (...)
The Saudi Stock Exchange (Tadawul) is considering to add a number of financial instruments and mechanisms to the market within the coming year. The Saudi bourse is planning to increase the market activities and provide more options for the (...)
In an exclusive statement to Amwal Al Ghad, Abdullah Alsuweilmy - CEO at Saudi Stock Exchange (Tadawul) - announced that the Saudi bourse is targeting within the coming period the activation of the e-linkage process with the Egyptian (...)
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 (...)
Maged Shawky, the Managing Director at Beltone Financial (BTFH.CA), said the firm will be launching promotional tours in a number of the main markets in Europe, Gulf region and the USA. The tours target luring new investment segments as well as (...)