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The EGX30 fell 0.2% at today’s close on turnover of EGP 2.5 bn (48.3% below the 90-day average). Foreign investors were net buyers. The index is up 1.8% YTD. In the green: Fawry (+4.0%), GB Corp (+1.7%), and Juhayna (+1.7%). In the red: Qalaa Holdings (-6.2%), Egypt Kuwait Holding (-3.1%), and Alexandria Containers and Cargo […]
Author Archives: enterpriseam admin
Posted inFounder of the Week
Meet our founder of the week: Harvest Holdings CEO Ahmed Habib
As a founder of many brands himself, Ahmed Habib started Harvest Holdings as an investing company that supports founders with promising visions
Posted inENTERPRISE ENTERTAINMENT CALENDAR
MAY 11 May-1 June (Saturday-Saturday) Summer Showcase art gallery at Bibliothek 14 May (Tuesday): Rock Night at Elsawy Culturewheel. 16 May (Thursday): Omar Taher book signing and open discussion at Bibliothek 16-18 May (Thursday-Saturday): Turning Tables at Rawabet Art Space. 16-18 May (Thursday-Saturday): Rise Up Summit at the Grand Egyptian Museum. 17 May (Friday): El […]
Posted inWhat We're Tracking Today
Budget discussions continue at the House
Good morning, folks. We have a brisk issue for you this morning led by news from IFC Regional Vice President for Africa Sérgio Pimenta’s time in Egypt — and we also have the inside scoop on what’s up with Qalaa Holdings debt buyback. HAPPENING TODAY- #1- Supreme Council to receive reformed Labor Act: The Supreme […]
Posted inAdvertiser
Discover. Connect. Flourish. Join us for the first of many celebrations in honor of the tremendous achievements of Somabay, where you will get a glimpse of luxury living in the Red Sea. In collaboration with Cairo Food Week, we will transport you to a world that is both tasteful and tasty. Create new bonds, while […]
Posted inCapital markets
The inside story of what’s really happening with the Qalaa Holdings debt buyback
Ahmed Heikal says the transaction will be good for shareholders as the company looks to shed up to USD 1.1 bn in debt this year
Posted inDevelopment finance
A recap of day two of IFC regional VP’s visit: Fresh financing, advisory service agreements and privatization chatter
The IFC signed an advisory services agreement with the Universal Health Ins. Authority
Posted inEnergy
QatarEnergy to acquire 40% stake in two of ExxonMobil’s offshore exploration blocks in Egypt
ExxonMobil will retain the remaining 60% of the two concessions.
Posted inFINANCIAL SERVICES
Beltone and IL Cazar ink EGP 400 mn sale and leaseback agreement and factoring facility
The agreements include an EGP 200 mn sale and leaseback agreement and an EGP 200 mn factoring agreement.