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...
After seven years of negotiation, the signing of the Tripartite Free Trade Agreement (TFTA) in June 2015 at Sharm El Sheikh is being heralded as a turning point in regional integration, and a significant boost for Egypt’s efforts to increase its exports to the fast-growing markets of sub-Saharan Africa. According to news reports following the...
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...
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