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The EGX30 fell 3.2% at today’s close on turnover of EGP 3.8 bn (24.1% below the 90-day average). Local investors were net sellers. The index is up 4.1% YTD. In the green: E-Finance (+0.3%) and Sidi Kerir Petrochemicals (+0.03%). In the red: Beltone Holding (-9.2%), Ibnsina Pharma (-8.5%), and Palm Hills Development (-6.8%).
Author Archives: enterpriseam admin
Posted inENTERPRISE ENTERTAINMENT CALENDAR
APRIL 23-24 April (Tuesday-Wednesday): Omar Khairat concert at Cairo Opera House. 23 April (Tuesday): Novel writing workshop at Bibliothek Egypt. 23 April (Tuesday): Society of Play PlayDate. 25 April (Thursday): National holiday in observance of Sinai Liberation Day. 25 April (Thursday): Moustafa Amar at CJC 610. 25 April (Thursday): KONAFA CN standup comedy show at […]
Posted inWhat We're Tracking Today
UK to channel USD 400 mn in budget support?
Good morning, friends. We’ve got a packed issue for you today, with news that the government is set to offload its entire stake in Alamar Alsharif Plastics within weeks, LNG imports ramping up even further ahead of summer, and news that yet another Chinese company is gearing up for a pretty substantial manufacturing investment. And […]
Posted inAdvertiser
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Posted inPrivatization
Gov’t to offload its 46.6% stake in state-owned plastic maker Alamal Alsharif within weeks
The government wants to sell its stake to a strategic investor who will pay in USD.
Posted inEnergy
Egypt wants to import three shipments of LNG a month during the summer
Egypt needs some 105 mn cubic meters of natural gas daily and 10k tons of mazut in order to meet domestic electricity demand
Posted inInvestment Watch
Chinese steel manufacturer to set up USD 297 mn plant in Sokhna Industrial Zone
The factory will export 70% of its production
Posted inCapital markets
Evolve to launch the country’s third gold investment fund in May
The fund will be launched in partnership with asset manager Al Ahly Pharos
Posted inA MESSAGE FROM VISA
Leading with purpose: Jeni Mundy’s blueprint for high-performing teams
When I was 23 years old, I had the privilege of being the youngest member of the first ever all-female crew to sail 53k kilometers around the world. It was a life changing experience that taught me about the power of perseverance and teamwork. What you can achieve with a bunch of people when you are […]
Posted inStartup watch
Local fintech startup Bokra raises USD 4.6 mn in pre-seed funding. PLUS: Waffarha closes seven figure seed round
The funds will help the startup launch its Bokra app