The Egyptian Exchange (EGX) is one of the oldest stock markets in the Middle East and dates back to 1883. It includes the main market, an over-the-counter market, and the Nile Stock Exchange (Nilex) for small and medium-sized enterprises.
The Egyptian Exchange (EGX) is one of the oldest stock markets in the Middle East and dates back to 1883. It includes the main market, an over-the-counter market, and the Nile Stock Exchange (Nilex) for small and medium-sized enterprises.
Two of the biggest trends in global insurance in recent years are premium growth in emerging markets and the rising importance of technology across the supply chain. The latter has come to be referred to as InsurTech, a potentially disruptive trend that heralds both threats to and opportunities for incumbents and newcomers alike. While...
The year of 2018 was challenging across the board for many emerging markets, and changing trends in global capital movements have brought turbulence to the Egyptian Exchange (EGX) as well. After rising significantly in the first four months of 2018, the exchange’s main index, the EGX30, showed a sustained retrenchment to end the year at a...
In November 2016 the executive board of the IMF approved a three-year, $12bn loan under an extended fund facility (EFF) to assist with Egypt’s economic reform strategy. The liberalisation of the exchange rate, elimination of the parallel market and the stability of the Egyptian pound were crucial goals of the EFF programme. Moreover, several...
Attempts by the Central Bank of Egypt (CBE) to boost lending to small and medium-sized enterprises (SMEs) dates back more than a decade. The Access to Finance initiative was one of the pillars of the second Egyptian banking reform plan – which was in effect over the 2008-11 period – and introduced the idea of exempting banks from a portion of...
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