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The EGX30 rose 2.7% at today’s close on turnover of EGP 4.0 bn (12.8% above the 90-day average). Local investors were net buyers. The index is up 18.6% YTD. In the green: Elsewedy Electric (+11.0%), Alexandria Containers and Cargo Handling (+7.1%), and Eastern Company (+6.1%). In the red: Edita (-0.7%).
Author Archives: enterpriseam admin
Posted inTHE ENTERPRISE ENTERTAINMENT CALENDAR
AUGUST 16 July-15 October (Tuesday-Tuesday): In the Company of Mahmoud Said exhibition at Aisha Fahmy Palace. 11 June-2 September (Tuesday-Monday): Afashat w Aflam exhibition at Bibliothek. 11 July-30 August (Thursday-Friday): New Alamein Festival at North Coast. 12-24 August ( Monday-Saturday): I Love You, You’re Perfect, Now Change at Rawabet Art Space. 13 August (Tuesday): Karaoke […]
Posted inWhat We're Tracking Today
Egypt becomes the first African nation to win Olympic gold in the men's modern pentathlon
Good morning, friends. We are kicking off the week with a lot of good news — most notably Egypt made Olympic history last night, taking home Africa’s first Olympic gold in modern pentathlon. We also secured a silver medal in women's 81kg weightlifting. We also saw inflation ease for the fifth month in a row, […]
Posted inAdvertiser
Dive into the enchantment of Somabay's underwater world. Encounter playful dolphins and captivating coral reefs, where each plunge unveils a new marvel. #SummerStoriesBegin #OneParadiseAllSeasons #SomabayRedSea
Posted inEconomy
Inflation falls to lowest level since December 2022, recording of 25.7% in July
Monthly inflation fell to 0.4% in July from 1.6% the month before.
Posted inInvestment Watch
Egypt and UAE ink three project agreements worth bns of investments
The agreements include a USD 3 bn oil logistics zone
Posted inCabinet watch
PM Madbouly addresses last week’s global markets meltdown
The hot money that exited Egypt’s debt markets last week totaled 7-8% of total foreign investment in the market -Madbouly
Posted inTax
Gov't considers raising income tax exemption threshold
The income tax exemption threshold could rise by 20-25% to match inflation rates