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Author Archives: enterpriseam admin
What the markets are doing on 24 June 2024
The EGX30 fell 0.6% at today’s close on turnover of EGP 3.7 bn (16.6% below the 90-day average). Foreign investors were net sellers. The index is up 8.1% YTD. In the green: GB Corp (+6.5%), Mopco (+3.4%), and Ibnsina Pharma (+3.3%). In the red: Telecom Egypt (-6.6%), Orascom Construction (-2.5%), and Oriental Weavers (-2.0%).
JUNE 23-24 June (Sunday-Monday): The Man Eaten By Papers at AUC’s Falaki Theater. 25 June (Tuesday): English Book Club discussion at Bibliothek. 26 June (Wednesday): Ali El Haggar concert at ElSawy Culturewheel. 27 June (Thursday): Cyberx Egypt Summit & Awards 2024 at Grand Nile Tower. 27-29 June (Thursday-Saturday): Fabrica's I Love You, You're Perfect, Now […]
The nation is still waiting for a new cabinet to take the reins
Welcome back, friends. After a well-deserved week off, most of us will be back at our desks today and may be in need of a little refresher on some of the big stories that have been developing over the last few weeks. Here are some big business stories that were in the headlines before we […]
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EGAS eyes securing at least 17 LNG shipments over the next three months
EGAS is looking to receive the shipments via floating terminals in Jordan and Ain Sokhna
Carlyle to launch Mediterranean energy company with USD 945 mn acquisition of Energean’s Egyptian, Croatian, and Italian assets
Energean will sell the assets for more than three what it paid for them in 2020
Gov’t inks eight USAID grants totalling USD 130 mn
USAID has channeled over USD 30 bn towards Egypt since 1978