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Good morning, friends. We end this short workweek with a rather long issue — leading with Ascom inching closer to snapping up a 90% stake in Raya’s Ostool, setting the stage for the logistics firm to essentially return home to Qalaa Holdings. We have two major — and worrying — macro stories to digest today. […]
Author Archives: enterpriseam admin
Posted inAdvertiser
Where the grass court season begins. From 8-14 June 2026, Somabay will host one of the region’s first professional grass court tournaments as part of the ITF World Tennis Tour, welcoming international players to the Red Sea for a week of world-class competition. Set within the Soma Sports Arena, the tournament reflects Somabay’s continued rise […]
Posted inM&A WATCH
Ascom board approves fair value study to buy 90% of Raya’s Ostool
This is Raya’s third attempt to exit the logistics unit after a 2022 agreement with Paradigm Logistics collapsed and a 2023 reversal saw Raya consolidate ownership instead
Posted inCapital markets
The EGX30 added 1.73% in May, but the rally has rotated down-market
Foreign institutions sold EGP 2.8 bn of EGX-listed stocks last month, but analysts say part of the selling is a test of whether repatriation channels still function smoothly
Posted inEconomy
Our domestic savings rate fell to 1.2% of GDP in FY 2024/25 from 6.1%
The collapse is less about discipline and more about inflation eroding disposable income to the point where most households have nothing left to save
Posted inEconomy
Non-oil PMI ticks up to 47.1 in May, but selling-price inflation surges
A modest pickup in activity masks intensifying cost pressures, with firms hoarding inventories, shedding jobs, and passing the buck
Posted inMoves
FRA taps Rehab Taha to lead NBFI supervision and oversight
The appointment comes amid an intensified push to tighten control over the non-bank finance sector