Author Archives: enterpriseam admin
What are the markets doing on 8 July 2024
The EGX30 fell 0.7% at today’s close on turnover of EGP 4.4 bn (3.2% above the 90-day average). Foreign investors were net sellers. The index is up 14.1% YTD. In the green: e-Finance (+5.1%), Delta Sugar (+3.7%) and Palm Hills Development (+1.8%). In the red: Oriental Weavers (-3.8%), Abu Qir Fertilizers (-3.3%) and Orascom Construction […]
JULY 7-31 May-July (Tuesday-Wednesday): Cairo Cinema Days program, at Zawya Cinema. 11-2 June-September (Tuesday-Monday): Afeshat w Aflam exhibition at Bibliothek. 8 July (Monday): Nazra concert at El Sawy Culturewheel. 9 July (Tuesday): Cairo Comedy Club at Boom Room, Open Air Mall, Madinaty. 11 July (Thursday): National holiday in observance of Islamic New Year. 11-30 July-August […]
Madbouly heads to the house to deliver new government’s policy statement
Good morning, friends. It’s another calm day in local and international business news — but calm doesn’t mean unimportant as we’ve got some important stories for you to read through this morning. In today’s issue, we’ve got more encouraging news from the country’s central bank as FX researches an all-time yet again, reports that QIB […]
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Foreign reserves hit a fresh high in June
Fitch Ratings expects Egypt’s foreign currency reserves to reach USD 49.7 bn in the current fiscal year
Qatar Islamic Bank backs out of United Bank offer -report
QIB and the Kuwait Finance House completed their due diligence for United Bank in December
World Bank arbitration tribunal dismisses Emirati oil firm’s case against Egyptian government
The Emirati company was looking to receive an EGP 3 bn settlement from the Egyptian government