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...
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.
Taken together, the Central Bank of Egypt and the Banking Law No. 88 of 2003 act as prudent enablers for the domestic banking industry. However, much of the nation’s increasingly complex financial arena is governed by other bodies and regulations. Many of the non-core activities of Egypt’s banks fall into what is collectively known as non-...
How are borrowing costs affecting the demand of domestic players that are looking to secure loans in the local market?
The period of easily raising funds from abroad seems to be coming to an end for emerging markets around the world. In the new environment of higher interest rates in the US and increased competition for capital flows, portfolio managers are becoming more selective with where they place their money.
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