The EGX30 rose 0.7% at today’s close on turnover of EGP 4.8 bn (22.9% above the 90-day average). Local investors were the sole net sellers. The index is up 16.5% YTD. In the green: Madinet Masr (+5.7%), Egypt Kuwait Holding (+3.5%), and AMOC (+2.9%). In the red: GB Corp (-4.1%), Orascom Development (-3.5%), and Palm […]
Author Archives: enterpriseam admin
JULY 7-31 May-July (Tuesday-Wednesday): Cairo Cinema Days program, at Zawya Cinema. 11-2 June-September (Tuesday-Monday): Afashat w Aflam exhibition at Bibliothek. 11-30 July-August (Thursday-Friday): New Alamein Festival at North Coast. 18-31 July (Thursday-Wednesday): Gen Z W Tes’eeni Ya Gedo at Rawabet Art Space. 18-22 July (Thursday-Monday): The Summer Affordable Art Show at TAM Gallery 18-10 July-August […]
Goodbye power cuts … until mid-September
Good morning, folks. We are kicking off this shortened workweek with a brisk issue led by news of the central bank keeping rates unchanged and two fintech players securing major funding. HAPPENING TODAY- #1- A long break from power cuts: The government is halting rolling blackouts starting today and until mid-September. But it won’t come […]
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 […]
Egypt's central bank keeps interest rates steady as inflation continues to cool
The MPC noted cooling inflationary pressures as part of its decision
MNT-Halan raises USD 157.7 mn from international investors
The funding round saw participation from the IFC, DPI and Lorax Capital Partners
Local fintech player Dopay secures USD 13.5 mn in a series A extension round
The company will use the funds to accelerate its expansion plans