Author Archives: enterpriseam admin
What the markets are doing on 27 May, 2024
The EGX30 fell 0.9% at today’s close on turnover of EGP 3.4 bn (30.4% below the 90-day average). Foreign investors were net buyers. The index is up 9.6% YTD. In the green: Juhayna Food Industries (+4.8%), Eipico (+4.7%) and Delta Sugar (+4.3%). In the red: Sidi Kerir Petrochemicals (-5.6%), Mopco (-3.4%) and Palm Hills Development […]
MAY 11 May-1 June (Saturday-Saturday) Summer Showcase art gallery at Bibliothek. 19 May-20 June (Sunday-Thursday): Geometry of Chaos art gallery at 157B 26th of July St., Zamalek. 26-28 May (Sunday-Tuesday): Fi Africa food and beverage exhibition at the Egypt International Exhibition Center. 27 May (Monday): Half of a Yellow Sun book club meeting at Bibliothek. […]
British Vivo Energy wants in on Wataniya
Good morning, friends. It’s an econ-heavy morning here in Egypt as we bring you the latest from the central bank and IMF. WATCH THIS SPACE- #1-Vivo Energy in the running for Wataniya stake: UK-based and Africa-focussed petroleum firm Vivo Energy has reportedly submitted an offer of around USD 100 mn for 174 gas stations currently […]
A week packed with joy. Experience the magic of Eid at Somabay: Celebrate the upcoming Eid El Adha holiday with us at Somabay, from 14-22 June. Get ready for an exciting program packed with activities for families and kids, enchanting beach experiences, vibrant nightlife, revitalizing wellness offerings, and a delectable selection of culinary delights.
What’s on the IMF’s agenda as it conducts the third review of our loan program?
The IMF sees improved economic indicators and strengthened cash flows
CBE leaves interest rates unchanged in line with expectations
The MPC cited a slowdown in growth rates and cooling inflation
EFG Holding’s net income more than doubles in 1Q 2024
The company’s revenues climbed 92% y-o-y during the quarter
OneOrder raises USD 16 mn in a series A round ahead of Gulf expansion
The funds will be used to help OneOrder tap into the GCC markets this fall