South Korea's Lee in Japan for talks ahead of crucial Trump meeting    "Narrative Summit" Releases 2025 Recommendations to Cement Egypt's Position as a Global Tourism Destination    Egypt, S.Arabia step up trade ties through coordination council talks    Egypt reviews progress on $200m World Bank-funded waste management hub    Egypt, ADIB explore strategic partnership in digital healthcare, investment    SCZONE, Tokyo Metropolitan Government sign MoU on green hydrogen cooperation    Egypt welcomes international efforts for peace in Ukraine    Al-Sisi, Macron reaffirm strategic partnership, coordinate on Gaza crisis    Contact Reports Strong 1H-2025 on Financing, Insurance Gains    Egypt, India's BDR Group in talks to establish biologics, cancer drug facility    AUC graduates first cohort of film industry business certificate    Egyptian pound down vs. US dollar at Monday's close – CBE    Egypt's FM, Palestinian PM visit Rafah crossing to review Gaza aid    Egypt prepares unified stance ahead of COP30 in Brazil    Egypt recovers collection of ancient artefacts from Netherlands    Egypt harvests 315,000 cubic metres of rainwater in Sinai as part of flash flood protection measures    Egypt, Namibia explore closer pharmaceutical cooperation    Fitch Ratings: ASEAN Islamic finance set to surpass $1t by 2026-end    Renowned Egyptian novelist Sonallah Ibrahim dies at 88    Egyptian, Ugandan Presidents open business forum to boost trade    Al-Sisi says any party thinking Egypt will neglect water rights is 'completely mistaken'    Egypt's Sisi warns against unilateral Nile measures, reaffirms Egypt's water security stance    Egypt's Sisi, Uganda's Museveni discuss boosting ties    Egypt, Huawei explore healthcare digital transformation cooperation    Egypt's Sisi, Sudan's Idris discuss strategic ties, stability    Egypt to inaugurate Grand Egyptian Museum on 1 November    Greco-Roman rock-cut tombs unearthed in Egypt's Aswan    Egypt reveals heritage e-training portal    Sisi launches new support initiative for families of war, terrorism victims    Egypt expands e-ticketing to 110 heritage sites, adds self-service kiosks at Saqqara    Palm Hills Squash Open debuts with 48 international stars, $250,000 prize pool    On Sport to broadcast Pan Arab Golf Championship for Juniors and Ladies in Egypt    Golf Festival in Cairo to mark Arab Golf Federation's 50th anniversary    Germany among EU's priciest labour markets – official data    Paris Olympic gold '24 medals hit record value    A minute of silence for Egyptian sports    Russia says it's in sync with US, China, Pakistan on Taliban    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



UAE stock exchanges are most attractive to Egyptian investor community
Published in Daily News Egypt on 28 - 03 - 2015

Stock markets of Dubai and Abu Dhabi are among the most attractive for Egyptian investors and the potential listing of Emirati firms in the Egyptian bourse is expected to spur more interest, NAEEM Brokerage's CEO said.
Referring to the listing of Orascom Construction (OC) on the NASDAQ Dubai bourse earlier this month, Ayman Hamed said additionalsuch listings will be of "more benefit to investors and traders".
OC, the Sawiris-controlled engineering and construction business, is the only firm to be dually listed in Egypt and the UAE.
"It's strongly believed that Emaar Misr too is in its final stages of preparation for its listing in the Egyptian stock exchange – expected sometime in the 2Q of 2015. We're not sure yet if it's a dual listing," Hamed told Daily News Egypt. "This, and other similar listings, will raise the inflow of capital across regional markets."
The Egyptian arm of Dubai's largest listed real estate developer Emaar Properties, filed a formal request in February to list its shares in Egypt's bourse. The company gave no value of how much it plans to float in the IPO, but reports said it would issue more than EGP 2bn worth of shares.
He added that Egyptian traders are exceptionally interested in shares of listed real estate firms in the UAE.

"Weak GCC turnover"
Hamed said the "market volumes in the GCC market is weak, liquidity is not that attractive," which has encouraged the company to rely on third parties to serve clients, rather than expanding its physical presence.
Naeem Holding, a Cairo-based investment bank offering services of brokerage, investment banking, private equity, asset management and research, has a physical presence in the UAE and Egypt, as well as offers trading services inin Qatar, Kuwait and Oman via third parties.
He attributed the limited flow of capital to the "lack of harmony" in regulations governing regional markets. "Regulations controlling financial and paper settlement, and other aspects of the trading process, vary from one market to the next," he said.
He also noted that certain countries, such as Saudi Arabia which is the biggest market in the region in terms of market capital and volumes, bar foreigners from trading in shares listed on its bourse (except through P-notes) which contributes to the limiting of pan-Arab volume of trade.
Hamed predicted that stabiliity of the Egyptian economy and abundance of liquidity and termination of the black market will facilitate the transfer of dollars into and out of the country., making it easier for investors to invest in regional markets especially in stock dually listed to benefit from the price deferential, if any.


Clic here to read the story from its source.