The EGX30 rose 1.1% at today’s close on turnover of EGP 4.0 bn (equal to the 90-day average). Regional investors were the sole net sellers. The index is up 15.1% YTD. In the green: Eastern Company (+5.7%), Elsewedy Electric (+5.3%), and GB Corp (+5.2%). In the red: Palm Hills Development (-3.1%), Juhayna (-2.8%), and EFG […]
Author Archives: enterpriseam admin
User-generated content may be the future of media
User-generated content has become a legitimate form of entertainment prioritized over traditional streaming
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 July (Thursday): 20 Years of Massar Egbari at El Sawy Culturewheel. 18-31 July (Thursday-Wednesday): Gen Z W Tes’eeni Ya Gedo at Rawabet Art Space. 18-22 […]
IMF trims Egypt’s growth outlook
Good morning, folks. It’s another busy morning here in Cairo, led by a fresh IMF growth forecast and lots of gold talk from the first day of the Egypt Mining Forum. WATCH THIS SPACE- #1- IMF trims Egypt’s growth outlook: The IMF has cut our growth forecast for the current fiscal year to 4.1%, down […]
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Here’s what you missed from day one of the Egypt Mining Forum
The first day of the forum brought us a lot of promises and cooperation protocols
Gov’t to clear USD 3.2 bn worth of oil and gas arrears this FY
The first installment — of around USD 1.2 bn — is scheduled for October
EBRD extends USD 130 mn loan to Coca-Cola HBC Egypt
The loan will be complemented by a USD 750 grant