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EFG Hermes topped the EGX’s 2017 league table with an 18.7% share of value traded, followed by CI Capital at 8.8%. Pioneers (5.5%), Pharos (5.4%) and Beltone (5.0%) rounded-out the top five. For 9M17, the rankings are EFG Hermes (23.8%), CI Capital (8.9%), Al Rowad (5.5%), Pharos (4.4%) and Beltone (4.2%).
Author Archives: enterpriseam admin
Posted inSpeed Round
UK listing authority approves additional GDRs for CIB
The UK listing authority has approved CIB’s request to issue additional global depository receipts, Reuters reports. The approval allows CIB to admit up to one bn GDRs.
Posted inSpeed Round
Kuwait gets FTSE Russell nod, but Saudi will have to wait until at least next year
Kuwait gets FTSE Russell nod, but Saudi will have to wait until at least next year: Saudi’s Tadawul is “close to an upgrade” to secondary emerging market status and will be reassessed in March 2018, the index provider said in a statement this weekend. Kuwait, meanwhile, has been bumped to secondary EM status, according to […]
Posted inUncategorized
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Posted inImage of the Day
Egyptian crop circles from the International Space Station
An astronaut aboard the International Space Station captured the circular farming patterns in Sharq El Owainat for NASA’s Earth Observatory. “The remote agricultural outpost in the Sahara Desert lies approximately 290 kilometers (180 miles) from the nearest city and 210 kilometers (130 miles) from the Toshka lakes. The Nubian Sandstone Aquifer System, buried beneath the […]
Posted inEGYPT IN THE NEWS
State census results top coverage of Egypt in the foreign press
The results of the 2017 census are leading the conversation on Egypt in the foreign press this morning, with most taking note of the country’s population ballooning to nearly 95 mn people. The Associated Press notes that, since the last census in 2006, Egypt’s population has grown by around 22 mn people and that Egypt […]
Posted inDiplomacy + Foreign Trade
BADEA extends Egypt USD 50 mn credit line to support exporters to Africa
The Arab Bank for Economic Development in Africa (BADEA) will provide Egypt with a USD 50 mn renewable credit line, the Investment and International Cooperation Ministry announced. The funding aims to support Egyptian investors looking to expand sales to African markets and will support producers who export products that are made up of at least […]
Posted inEnergy
Oil Ministry to increase crude exploration tenders this year
Oil Minister Tarek El Molla issued directives over the weekend to increase the number of crude oil tenders this year, sources tell Al Borsa. The EGPC was given orders to complete tallying potential exploration concessions ahead of issuing global tenders. The move comes as part of the ministry’s plan to bolster crude oil production from […]
Posted inEnergy
EBRD to decide on funding USD 200 mn EGAS Energy Efficiency Project in November
The European Bank for Reconstruction and Development (EBRD) will decide in November on funding the EGAS Energy Efficiency Project with USD 200 mn. The project would see investments channeled towards developing energy efficiency and waste heat recovery installations along the gas pipeline and transmission network.
Posted inEnergy
ICD provides Alfa Solar with USD 28.5 mn for Benban solar power plant project
The Islamic Corporation for the Development of the Private Sector (ICD) and Alfa Solar signed an agreement for USD 28.5 mn in shariah-compliant funding. The funding will go towards financing part of the development, construction and operation of a 50 MW PV solar power plant project in Egypt. ICD and Alfanar are also partnering with […]