It has been an interesting year for the Egyptian Exchange (EGX). In 2015 the main board featured the highest number of listed companies since 2010, while products such as the nation’s first exchange-traded fund (ETF) provided a deeper market and new investment options. After years of crisis management in the wake of the 2011 revolution, the...
Palm Hills Developments (PHD), founded in 2005 by Mansour and Maghraby Investment and Development (MMID) – currently the largest shareholder with a 42% stake – is a leading real estate developer offering integrated upper-middle and luxury primary and secondary housing and commercial projects. PHD has exposure to the hospitality sector through...
Edita Food Industries (Edita) is one of the leaders in the growing Egyptian packaged snack food market and in the Middle East, with an overall packaged snack food market share of 12% in 2014. Edita, a holding company that owns three subsidiaries, offers a wide range of high quality affordable snack food products that cater to various tastes...
El Sewedy Electric is a fully integrated energy solutions provider, manufacturing and selling integrated energy products and services in seven energy segments. The company has 30 production facilities in 15 countries and caters to energy/infrastructure, industrial, commercial, and residential markets. El Sewedy Electric consolidates itself...
On August 11, 2015 the Chinese government unexpectedly devalued the renminbi by 2%. Despite the modest change in the value of the currency, the move negatively impacted stock exchanges around the world. The move also resulted in a depreciation of emerging market currencies, with declines ranging from 20% to 50% since June 2014. The devaluation...
Reinsurance has been a significant path for international participation in the market and it remains important for Egyptian insurers. The subsector began in Egypt in 1957 with the formation of Egyptian Reinsurance. That mandatory cession to Egypt Re, originally established as a state-owned firm in 1957 but subsequently merged with Misr...
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