In addition to having one of the biggest banking sectors in the North African region, Egypt’s is also one of the most profitable. In more recent times, lenders have made easy gains on high-yielding government debt following the 2011 revolution, while an improving macroeconomic environment and the flotation of the local currency lead to another...
OUTLINE: The Egyptian Exchange (EGX) is one of the oldest stock markets in the Middle East, dating back to 1883. It covers the main market, an over-the-counter market, and the Nile Stock Exchange (Nilex), a relatively new market board for small and medium-sized enterprises. As of January 31, 2018...
OUTLINE: The first Egyptian mutual fund was launched in 1994, and since that time the industry has evolved slowly. There are nearly 100 funds operating under the direction of the Financial Regulatory Authority (FRA). There are specialised funds in a number of asset classes, including 28 equity, 10...
The late 1980s and early 1990s marked a time of economic change as Egypt began moving towards more market-oriented policies and streamlining its public sector through large-scale privatisation and restructuring, with at one point more than 300 state assets slated for divestment. However, a perceived mishandling of the process meant that by the...
What impact is the new investment law likely to have on foreign investment in the country?
Despite the economic challenges facing the country, 2017 has been positive for the Egyptian Exchange (EGX), with the main index expanding by approximately 17% over the course of the year. This growth came on the back of a strong 2016, in which the EGX was one of the best-performing markets in the world in local currency terms. After the years...
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