Egypt Financial Services

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Small and medium-sized enterprises (SMEs) have occupied a prominent place in government policy since 2002, when the Ministry of Finance introduced a more favourable tax regime for the segment. Since then, further government initiatives have sought to diversify the economy and provide employment for a rapidly expanding population by enhancing SMEs’...

While the summer of 2013 saw further instability in the broader political arena, Egypt's insurers have largely avoided the worst excesses of the fallout of the past two years. The Egyptian insurance industry is characterised by considerable competition on price, low market penetration and the continued dominance of the state-backed Misr Insurance....

Chapter | Insurance from The Report: Egypt 2013

The Egyptian insurance industry is characterised by considerable competition on price, low market penetration and the continued dominance of the state-backed Misr Insurance. Total insurance premiums, including inward reinsurance and direct written premiums, rose to $1.57bn in 2011/12, an 8.7% increase over the previous year. Total investment by insurance firms amounted to $5.5bn in 2011/12, up 9....

Chapter | Capital Markets from The Report: Egypt 2013

Since the start of the nation’s political transition in 2011, Egypt’s capital markets have faced a number of challenges. Nevertheless, 2012 saw Egypt’s exchange recover the ground it lost in 2011, growing by 51% year-on-year to become one of the fastest expanding in the world. Its path to recovery has been a volatile one, which has demonstrated the influence of political events on market...

The wealth of the Nile River and its fertile banks and delta, together with Egypt’s location at the confluence of Africa, Asia and Europe, have made the country a valuable prize for centuries, as well as a centre of trade and ideas. 

The Egyptian Exchange (EGX) has been through a roller coaster ride of late, buffeted by political crises, economic slowdowns and government involvement. But a new deal intended to open the market to greater foreign investment, and possible regulatory changes, may be important steps in the bourse’s recovery.

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