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Top Cairo SE News

National Bank of Abu Dhabi unit acquires 70% stake in Egypt's Al Salam

The National Bank of Abu Dhabi (NBAD) said its equities brokerage unit has successfully completed a deal to acquire 70 per cent shareholding in the Egyptian Al Salam Brokerage firm. Emirates Business 24/7 - 20Aug 06:08GMT
Merger talks between EFG Hermes and Bank Audi

(Arabic) Egypt's EFG Hermes is to sell its stake in Lebanon's Bank Audi if merger talks fail. Al-Arabiya - 19Aug 10:08GMT
Kuwait Invest sells 50% stake of a unit to EFG Hermes

(Arabic) Kuwait Investment Holding has sold 50% stake of a unit, Offset Holding to EFG Hermes. Al-Arabiya - 18Aug 09:46GMT
EFG-Hermes to subscribe for 9.97% of Panmure Gordon & Co

EFG-Hermes, the premier investment bank in the Middle East and North Africa region, has today agreed to subscribe for 9.97% of the share capital of Panmure Gordon through the placing of 6,732,675 million new shares for cash by Panmure Gordon to EFG-Hermes at a price of 47p per share. Press Release - 18Aug 07:25GMT
EFG-Hermes Enters Kuwaiti Market

EFG-Hermes, the leading investment bank in the Arab world, announced that it has entered the highly promising Kuwaiti market through a strategic partnership with Kuwait Invest Holding Company whereby it has acquired an equity interest in Offset Holding KSC for approximately KWD 33.42 million (US$ 126 million). Press Release - 18Aug 07:24GMT

Banks of the Nile
International players are eyeing Egyptian banks in the midst of massive reforms in the country.
Public Offering Frenzy
The Middle East IPO market is projected to grow at a rate of 20 to 30% per annum in the next few years, says Millennium COO.

Mortgage Expansion
In a country of around 80m people, the rate of home ownership in Egypt is estimated at just 32%, much lower than its neighbours.
E-commerce
Internet shopping has yet to take off in the Middle East, but online trading is another story, with banks and brokerages scrambling to set up platforms to tap into the surging demand for the service.

Community Buzz

Stories in Cairo SE

Companies in Cairo SE

Last Value 21Aug 12:50GMT	7,982.74
Change	185.53 ( 2.38%)
Previous Close	7,797.21
Open	7,797.21
Day High - Low	8,021.12 - 7,793.26
Year High - Low	11,935.67 - 7,560.29
YTD Change	24.33%
» More Indices \| Charting \| Exchange Info
Total Market Cap USD	95,181,064,546
Volume	68,713,022
Value Traded USD	177,898,378
Transactions	37,474
Traded / Listed Stocks	144 / 245
Stocks Movement 33 Up - 106 Down - 5 Unchanged

21Aug08 12:50GMT

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Company Ranking

Ranked by Market Cap | No. of Employees | Total revenue

	Company	Country	Market Capital ($mil)
1	Orascom Construction Industries	Egypt	12,827
2	Orascom Telecom Holding	Egypt	9,885
3	Telecom Egypt	Egypt	5,319
4	Al Ezz Dekheila Steel Company - Alexandria	Egypt	3,440
5	EFG - Hermes	Egypt	3,187
» View Full List

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