The EGX30 rose 0.6% at today’s close on turnover of EGP 5.1 bn (19% above the 90-day average). Local investors were net buyers. The index is up 13.1% YTD. In the green: Orascom Development (+6.1%), EFG Holding (+3.3%), and Abu Qir Fertilizers (+2.7%). In the red: GB Corp (-3.4%), Ibnsina Pharma (-2.6%), and Edita (-2.3%).
Author Archives: enterpriseam admin
JULY 4-5 July (Thursday-Friday): Ahmed Helmy’s Memo at Grand Nile Tower. 4 July (Thursday): Skypost Classic Rock Night at Room Art Space 5 July (Friday): Fertile Presence performance at Rawabet Art Space. 5 July (Friday): BAZAR By Sasson at Sol Beach Bar. 6 July (Saturday): Adeer Plaza Festival at Adeer Paza. 7 July (Sunday): National […]
Egypt-EU Investment Conference round #2
Good morning, friends. We were a little too busy with big-ticket announcements yesterday from the Egypt-EU Investment Conference to remember to wish you all a happy new fiscal year. The new fiscal year that kicked off yesterday may not be as exciting as the Gregorian or the Islamic new years, but for readers of Enterprise […]
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Green hydrogen, solar, ethane and wind project investment news ramps up
Agreements and MoUs totalling EUR 67.7 bn inked at the recent Egypt-EU Investment Conference mostly centered around green hydrogen
Vokswagen mulls partnering in shared auto production facility in East Port Said
A final agreement could be announced next year
TMG, AOI partner with Schindler to localize elevator manufacturing
The facility is expected to produce 5k elevators a year over a ten-year period
Auto sales rise for the second month in a row in May
The increase was driven by growth across bus, truck, and passenger car sales