The EGX30 closed with a 3.9% gain in the first session after Eid break on turnover of EGP 4.8 bn (5.2% below the 90-day average). Local investors were net buyers. The index is up 19.0% YTD. In the green: Qalaa Holdings (+19.6%), E-finance (+11.8%), and Elsewedy Electric (+7.1%). In the red: Orascom Construction (-0.7%), Eastern […]
Author Archives: enterpriseam admin
APRIL 17 April (Wednesday): CASTLE OF ROCK concert at Elsawy Culturewheel. 18 April (Thursday): Massar Egbari x AUC Tahrir CultureFest at AUC Tahrir Square. 19 April (Friday): Keinemusik at the Giza Pyramids by Panorama 2. 19 April (Friday): The Beatles Tribute concert at the Cairo Opera House. 20 April (Saturday): Stand Up Comedy Light Show […]
Happy Eid Al Fitr
Good morning, friends, and happy (almost) last day of Ramadan. We hope you have a wonderful Eid Al Fitr with your loved ones and get a chance to relax and kick back. Everyone is off till next week: The public, private, and banking sectors as well as the EGX will be off from tomorrow until […]
Somabay's second annual Spring Festival: A celebration of life, music, fashion, and fun. Join us for an unforgettable experience at Somabay's second annual Spring Festival, happening from 10 April to 14 April. Discover a world of excitement and connection against the stunning backdrop of the Red Sea. Dance under the stars at beach parties with […]
The private sector has a vital role to play in turning Egypt’s economy around -EFG Hermes’ Shams El Din
“Without boosting private sector competitiveness, I fear that any improvement that we’ll see in our twin deficit and external balances might not be sustainable,” Shams El Din said
Central bank could impose fines on importers who abandon their goods at ports
The CBE is also looking into blacklisting the importers who don’t clear their goods from ports
Edtech platform Almentor gears up for an international IPO this year
The company is also in talks to raise USD 10 mn that will help fund the use of AI on the platform
Egyptian startups aplenty on Forbes Middle East fintech list
More Egyptian companies made the cut than firms from any other single country