The EGX30 rose 1.1% at today’s close on turnover of EGP 2.9 bn (36.2% below the 90-day average). Local investors were net buyers. The index is up 6.1% YTD. In the green: Abu Qir Fertilizers (+7.7%), Ezz Steel (+4.8%), and Madinet Masr (+4.5%). In the red: Eastern Company (-5.3%), Egypt Kuwait Holding (-1.0%), and Palm […]
Author Archives: enterpriseam admin
Pianos, motorcycles, and robots: How jack-of-all-trades companies mastered diversification (and market manipulation)
Companies once content with a single product or service are increasingly spreading their wings to venture into seemingly unrelated territories
JUNE 15-20 June (Saturday-Thursday): Eid Al Adha holiday. 13 June (Thursday): Hilarity Heights Vol. 5 at Rawabet. 16 (Sunday): Ahmed Helmy’s Memo at Grand Nile Tower Hotel. 17 June (Monday): Tamer Hosny concert at Zed East. 23-24 June (Sunday-Monday): The Man Eaten By Papers at AUC’s Falaki Theater. 25 June (Tuesday): English Book Club discussion […]
We may have to wait until after Eid El Adha before a new government is sworn in
Good morning, folks. We may not have news of a new government taking the reins yet, but there’s plenty of local business and bourse news to get stuck into the issue today. We’ve picked up on a report suggesting that the long-awaited shariah-compliant index is set to launch on the EGX today, the latest Qalaa […]
Babbo‘s Taverna pop-up on Somabay’s Mesca Beach for Eid 2024 is bringing the party vibes to the south with our favorite DJs spinning tracks that will keep you moving to the beat. Boho-chic relaxed vibes, delicious Mediterranean x Red Sea fusion cuisine, and infamous signature cocktails. Babbo’s Taverna is more than a destination — it’s […]
EGX launches its maiden shariah-compliant index -report
The index will include 30-50 listed companies
SODIC to build Egypt’s first Tribute Portfolio hotels under an agreement with Marriott
The West Cairo hotel is slated to launch in 2027, followed by the Ras El Hekma hotel in 2029
Phase two of Qalaa’s debt buyback program oversubscribed
The debt buyback program is part of Qalaa’s plan to retire some USD 430 mn in foreign-currency debt
USD 250 mn phosphate factory in the works
The facility will have an annual processing capacity of 1 mn tons