Author Archives: enterpriseam admin
What the markets are doing on 20 May, 2024
The EGX30 fell 0.32% at today’s close on turnover of EGP 4.8 bn (0.8% below the 90-day average). Egyptian investors were net buyers. The index is up 9.4% YTD. In the green: Orascom Construction (+5.3%), Talaat Moustafa Group (+3.0%) and EIPICO (+2.5%). In the red: Eastern Company (-4.8%), Orascom Development (-3.9%) and E-finance (-3.3%).
MAY 11 May-1 June (Saturday-Saturday) Summer Showcase art gallery at Bibliothek 19-22 May (Sunday-Wednesday): Empower Her Art Forum at The National Museum of Egyptian Civilization 21 May (Tuesday): Disco Arabesco- Tablet El Sett & Fabrica at Theatro Arkan 23-25 May (Thursday- Saturday): Insomnia at Rawabet Art Space 22-24 May (Wednesday-Friday): The Design Show at Cairo […]
Negotiations have kicked off on our USD 1.2 bn green financing from the IMF
Good morning, friends. We are kicking off the workweek with a packed issue, so let’s jump right in. WATCH THIS SPACE- #1- USD 1.2 bn in green financing in the works: Negotiations have started for Egypt to access USD 1.2 bn in long-term, low-cost climate financing from the IMF's Resilience and Sustainability Facility, the Environment […]
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IDH looks to delist from the EGX
The company decided to leave due to “limited trading activity”
Government readies land transfer, following arrival of final tranche of Ras El Hekma funds
The state will transfer the land “in the coming days,” cabinet spokesman Mohamed El Homsani said
War in Gaza could cost Egypt up to USD 20 bn, UNDP estimates
Suez Canal and tourism revenues are expected to take a big hit
Fitch upgrades four Egyptian banks’ credit rating outlook to positive
Fitch affirmed its B- rating for the four banks