The sector was in a significant transitional phase in mid-2012, with overhauls to the national pension and health plans proposed but not in place. With insurers expecting a resumption of legislative progress later in the year, the focus could return to what can be done to boost the insurance penetration rate. With microinsurance on the rise...
The global economic crisis that struck in 2008 propelled Egypt’s main sources of revenue – taxation, remittances, tourism and Suez Canal receipts – into significant declines. The downward trends seen across these important sources of income during 2009 demonstrated that, despites the nation’s relatively robust performance during those difficult...
The decline in value of the Egyptian Exchange (EGX) during 2011, which saw the EGX 30 index drop from 5628 on the June 15, 2011 to reach a low of 3622 on December 29 of that year, led to subdued expectations regarding its potential performance in 2012. The new year, however, started with an unanticipated rally, which peaked in early March 2012 with...
THE COMPANY: Juhayna Food Industries is the unparalleled leader of Egypt’s packaged dairy market, enjoying a market share of about 70% in plain and flavoured milk, roughly 30% in spoonable yoghurt, and over 50% in drinkable yoghurt. The company also has a prominent position in Egypt’s relatively...
THE COMPANY: GB Auto is a leading automotive player in the Middle East and North Africa. It is the sole assembler and distributor of Hyundai passenger cars and the exclusive Mazda passenger car distributor in Egypt with a market share of 30%, the highest among industry players. Through a 50-50 joint...
THE COMPANY: In just over 10 years, Ezz Steel has become the largest independent steel producer in the Middle East and Africa, with a total capacity of 5.8m tpa (3.5m tpa of long products and 2.3m tpa of flat products). It is an operational and holding company with majority stakes in three subsidiaries...
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