Madinet Nasr for Housing and Development (MNHD) is a leading Egyptian real estate developer, offering middle and upper-middle-income housing. The firm was founded in 1959 and given the majority of its approximately 10m-sq-metre East Cairo land bank through a presidential decree in the 1960s. The company was offered on the Egyptian Exchange in...
Despite political and economic difficulties in the country in the past few years, Egypt has a growing and attractive insurance market. Penetration is low, and people are becoming increasingly aware of the need to cover risk. They are especially positive on insurance given the turmoil of 2011 and the fact that insurers made good on their...
One of the more interesting developments on the Egyptian Exchange (EGX) in 2015 was the commencement of trading of the market’s first exchange-traded fund (ETF). Since the 1980s these instruments have proved popular with investors in well-established markets as a useful alternative to mutual funds, for a number of reasons.
As a bellwether of the domestic economy, the Egyptian Exchange (EGX) has been under particularly close scrutiny since the revolution in 2011. The growth of its main index over 2013 and 2014 was frequently adduced as proof of the improving economic sentiment in the country, and as the government continues with its programme of reform, stock...
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...
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