The EGX30 rose 0.3% at today’s close on turnover of EGP 3.7 bn (4.4% below the 90-day average). Local investors were the sole net buyers. The index is up 22.0% YTD. In the green: Palm Hills Development (+3.7%), Egypt Kuwait Holding (+3.1%), and Madinet Masr (+2.8%). In the red: Alex Containers and Cargo Handling (-4.3%), […]
Author Archives: enterpriseam admin
SEPTEMBER 16 July-15 October (Tuesday-Tuesday): In the Company of Mahmoud Said exhibition at Aisha Fahmy Palace. 12 September (Thursday): Idreesi Live in Cairo at Rawabet Art Space. 12-15 September (Thursday-Sunday): MEDFEST Egypt at AUC Tahrir Square. 13 September (Friday): Omar Khairat’s concert at ZED Park. 13 September (Friday): Ain Gamal X 6th edition MedFest EG […]
French state’s Business France to co-host forum to promote Egypt-France trade, investments with GAFI
Good morning, everyone, and welcome to the first day of the workweek. Kicking off the week is news that at least USD 1.1 bn worth of agreements and MoU’s were signed at the China-Africa Cooperation Forum that wrapped Friday, an LNG import tender stretching into winter, confirmation of new electricity price hikes, and more. We’ve […]
Beauty unveiled amidst ancient wonders: Celebrate the beauty, nature, and cultural legacy of 30 nations as Miss Elite 2024 returns to the enchanting shores of Somabay from 2-14 September. For the fourth consecutive year, Somabay is hosting this prestigious international beauty pageant, celebrating women’s beauty and intelligence on a global scale. Experience the fusion of […]
Egypt issues tender for 20 LNG shipments, stocking up more shipments through winter
The tender is set to close on 12 September
Our long-awaited electricity rate hikes are here, capping off a busy summer of subsidy reform
Those in the highest two consumption brackets will see their rates rise between 35-40%
Egypt inks over USD 1.1 bn worth of agreements and MoUs at Forum on China-Africa Cooperation
The agreements include a host of new industrial facilities in the SCZone and investments in the telecommunications sector