Author Archives: enterpriseam admin
What the markets are doing on 19 September 2024
The EGX30 rose 2.0% at today’s close on turnover of EGP 5.5 bn (42.1% above the 90-day average). Local investors were the sole net buyers. The index is up 24.3% YTD. In the green: Palm Hills Development (+7.2%), Fawry (+5.7%), and GB Corp (+5.6%). In the red: Ezz Steel (-2.9%), EFG Holding (-2.8%), and Alexandria […]
Will technology actually destroy humanity?
While digital assistants and sentient robots sound cool, public concern about the technology’s potential risks is continuously increasing
SEPTEMBER 16 July-15 October (Tuesday-Tuesday): In the Company of Mahmoud Said exhibition at Aisha Fahmy Palace. 14 September - 19 October (Saturday-Saturday): Fiction Workshop with Mai Serhan at Diwan Heliopolis. 17 September to 30 October (Tuesday-Saturday): Today in History exhibition at Gypsum Gallery. 19 September (Thursday): Omar Khairat concert at ZED Park. 20 September (Friday): […]
Load shedding resumption plans shelved?
Good morning, folks. As we enter the second half of this shorter than usual workweek, tourism investment news is leading the local business news cycle with reports of local companies investing in new hotels at home and abroad. Also in today’s issue is securitization news, IPO updates, data center plans, and more. BUT FIRST- We’re […]
For the first time in Egypt, Somabay is thrilled to host the legendary Amy Winehouse Band live in concert. Prepare for an unforgettable evening filled with soul, jazz and iconic hits as the band performs live at Somabay’s breathtaking The Marina in The Theater Somabay on 5 October. Set against the stunning backdrop of the […]
Jaz Hotel Group to invest USD 215 mn to open six new hotels in 2025. PLUS: Pickalbatros expands hotel portfolio across Morocco
The hospitality player currently owns seven hotels across Morocco
B2B payment platform Settle raises USD 2 mn in pre-seed round
The funding round was led by Shorooq Partners