Author Archives: enterpriseam admin
What the markets are doing on 30 July 2024
The EGX30 rose 1.2% at today’s close on turnover of EGP 4.2 bn (13.8% above the 90-day average). Local investors were net sellers. The index is up 18.0% YTD. In the green: E-finance (+4.4%), ADIB (+3.6%), and Mopco (+3.1%). In the red: Palm Hills Development (-1.9%), Delta Sugar (-1.5%), and Qalaa Holding (-0.9%).
JULY 7 May-31 July (Tuesday-Wednesday): Cairo Cinema Days program at Zawya Cinema. 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. 18-31 July (Thursday-Wednesday): Gen Z W Tes’eeni Ya […]
Emirati president lands in Egypt to talk investments, regional stability
Good morning, wonderful people. The news flow is showing no sign of slowing down with the Emirati president in town and Act Financial’s shares expected to hit the EGX any day now. We are also sitting tight waiting for the third USD 820 mn tranche of our IMF loan to land in the state coffers […]
Dive into the Aquaman Experience: A Premier Open Water Swimming Event at Somabay Aquaman is an exhilarating open water swimming competition set in the breathtaking surroundings of Somabay, Egypt, from 24 to 26 October. With six diverse races catering to various skill levels, it presents a thrilling challenge for swimmers of all ages. International participants […]
IMF completes third review of our loan program, enabling the disbursal of USD 820 mn
Egypt and the IMF reached a staff-level agreement on the third review early last month
The details of the EGP 50 bn subsidized loan program for hospitality players
Individual companies can access up to EGP 1 bn in subsidized funding
Agricultural exports marred by inefficient export system
Revenues from agriculture exports have gone up — but the rate of growth doesn’t reflect the fair value of the quantities being exported