Appeal of balanced funds grew following diminishing investment opportunities in monetary and fixed income funds due to decision to reduce investments in such funds
Latest by Mohamed Ahmed
The authority aims to draft the executive regulations of the law by May, to enable small enterprises to acquire the needed funds to maintain activity
Small investors’ portfolios lost an average of 70% of their value, prompting investors to look for safe investment alternatives
Experts predict that Gulf markets will dominate over the Egyptian stock market in light of tendency to register Aramco assets on the Saudi stock exchange
Cairo Financial Holding involved in negotiations over managing three funds at over EGP 100m each
ECMA requested a reduction in the fees on all operations carried out using the two mechanisms, in which the ratio of 1/8 in a thousand per operation would be reduced to 1/16 in a thousand
Chairman of Egyptian Exchange expects Domty to be the first company to sell its shares during 2016
About 153 ships transited the canal south; the daily average was 21.7 ships and a total load of 8.3m tonnes of cargo, with a daily average of 1.185m tons.
Foreign investors’ transactions registered net sales of EGP 548.85m
The project is worth $151m and will be delivered by March 2016, according to Investors Relations Manager at Maridive Adel Al-Zomor. Maridive is an offshore marine and oil support services provider.
However, 144 ships transited the canal, carrying a total load of 8.5m tonnes, during the last three days of last week.
Expectations that EGX record an increase in Sunday’s session of up to 5,800 points with support from increase in oil prices to $32.18 per barrel
It is difficult to take the decision to offer under the difficult circumstances in the local and international stock markets, says Beltone Capital CEO
Atallah asserts that the impact of the oil price crash on the country is generally negative, especially after losing $12bn in oil exports
The ships transited with total loads of 17.38m tonnes
EFSA’s work comes in line with the procedures for an IPO on the Egyptian Exchange (EGX).
The loan will be used in CI Capital acquisition in preparation for the merging: Sources
EGX Chairman Mohammed Omran said he believes in the importance of not interfering with the performance of markets, especially since the kinds of financial crises have become various, and have been recurrent throughout the year.
Cargo load is the main measure of shipping traffic in the Suez Canal and the calculated transit fees.
Payloads also increased by 3.7% to $998.7m net tonnes in 2015 compared to 962.7m net tonnes in 2014, an increase of 36m net tonnes.
The postponement of the capital gains tax tops EGX’s agenda; EGX will discuss the issue in parliament
The company’s issued capital and paid capital is EGP 119m, divided over 119m shares, at one pound per share.
Technical analysts attributed predictions of fall in EGX to impact of severe decline in Gulf and European stock markets, due to decrease of price of oil
In July 2015 before the inauguration of the New Suez Canal, the average daily number of transiting vessels was recorded at 47 vessels, with an average load of 2.758m tonnes per day.
Company seeks to obtain approvals from the Kuwaiti Capital Market Authority to convert shares
Saudi stock exchange comes at the top of Arab shares markets with four issuances worth EGP 8.665bn
We are organising nine acquisitions deals for Egyptian companies in the food, retail, and medicine sectors
Suez Canal Data reported a revenue decline to $408.4m in November compared to $449.2m in October
Analyst predicts conservative first week movement in stock performance as there are low expectations for the Egyptian economy 2016
By December, Orascom presented an acquisition offer to CIB’s CI Capital