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Author Archives: enterpriseam admin
Global markets meltdown hit home — the EGP hit six-month lows
The EGX30 dropped 2.3% to close at 27.8k yesterday
Non-oil private sector activity remains near growth territory despite dipping in July
The index dipped slightly to 49.7 in July, down from an almost three-year peak of 49.9 in June
Gov’t could announce its biggest social support package to date in September
The package could be implemented starting October
Could the private sector help revive state-owned tire maker Trenco?
The government is looking to team up with the private sector to revive and develop Trenco with investments of USD 160 mn
El Sisi discusses regional developments during meeting with Turkish Foreign Minister
Discussions focused on threats of an escalation in regional hostilities
Western brands continue to suffer the consequences of Egyptians’ boycott
Egypt among the countries where multinationals are feeling boycott’s pinch: Sales of Western food and drink franchises in Muslim-majority countries have taken a hit due to widespread boycotts in countries like Egypt, Saudi Arabia, Malaysia, Indonesia, and Pakistan amid the ongoing boycott movement, the Financial Times reports. Franchise operators of Coca-Cola, KFC, Starbucks, Mondelez, Pizza […]