Egypt Financial Services Articles & Analysis

Displaying 13 - 18 of 171

 

Egypt has been a regional banking powerhouse for more than a century and is home to the biggest banking sector in North Africa, according to the Union of Arab Banks. The industry is also one of the region’s most stable, surviving both the economic turbulence that followed the Arab Spring and a more recent foreign currency crisis that saw...

 

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-...

 

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.

 

As the Central Bank of Egypt (CBE) has attempted to stabilise the country’s currency in recent years, the banking sector has been placed in a challenging position. At the macro level, an overvalued Egyptian pound following the 2011 revolution acted as a brake on investment and undercut economic growth, with the consequence being a reduced...

 

In the three decades before the 2007-08 global financial crisis, the world’s financial networks became increasingly interconnected. Financial system regulatory convergence, the growing penetration of World Trade Organisation rules and the creation of currency unions, such as the euro, resulted in a surge in cross-border capital flows....

Chapter | Capital Markets from The Report: Egypt 2019

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 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 level not seen since early 2017. Throughout this period,...