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Good morning, everyone. It seems the weekend has started off early in Egypt, with only a trickle of local business news coming our way. However, across the pond in the US of A, the business cycle is in full swing with all eyes on Wall Street as it reacts to Nvidia’s hotly anticipated earnings that […]
Author Archives: enterpriseam admin
Posted inAdvertiser
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 […]
Posted inStartup watch
Egyptian startups raised USD 88.7 mn in the first half of 2024
Local startups raised a combined USD 88.7 mn across 39 transactions during the first half of the year
Posted inEARNINGS WATCH
Integrated Diagnostics Holdings, Orascom Construction report earnings
Integrated Diagnostics Holding’s income was up over 80% y-o-y, while revenues rose nearly 40% in 2Q 2024
Posted inLogistics
TCI unloads first Panamax vessel at Adabiya Port by using lighterage operation
TCI’s team met the vessel offshore and used floating cranes and barges to offload the cargo at sea
Posted inEGYPT IN THE NEWS
Four new luxurious suites in Cairo’s historic Immobilia Building profiled in the NYT
The suites have a “faded-glory feel mixed with contemporary energy”
Posted inAlso on our Radar
Fertiglobe rubber stamps EUR 397 mn green ammonia offtake agreement with Germany’s H2Global. PLUS: Oil found, mystery Chinese auto company eyes Egypt, Japanese schools in the works, flight incentives
The move comes over a month after Fertiglobe was selected as the winning bidder in H2Global’s pilot auction
Posted inPLANET FINANCE
Nvidia shares slide despite highly anticipated 2Q earnings beating forecasts
Nvidia shares had fallen about 8% in extended trading at the time of writing, representing a roughly USD 200 bn drop in market value