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...
GB Auto is a leading automotive player in the Middle East and North Africa. It is the sole assembler and distributor of both Hyundai passenger cars (PC) as well as the Geely Emgrand 7, and the exclusive Mazda PC distributor in Egypt with a total market share of 30%, the highest among industry players. Through a 50/50 joint venture (JV) the...
What have been the primary drivers of the index’s strong growth over 2014 and into 2015?
Egypt’s robust banking sector has survived the economically turbulent period that followed the 2011 revolution remarkably well. High-quality asset bases and generous capital buffers have enabled financial institutions to support the nation during this challenging period, most notably through the purchase of large volumes of Treasury bills (T-...
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