The EGX30 rose 2.9% at today’s close on turnover of EGP 6.6 bn (2.4% above the 90-day average). Local investors were the sole net buyers. The index is up 14.2% YTD. In the green: ADIB (+6.6%), Raya Holding (+6.2%), and CIB (+5.3%). In the red: AMOC (-8.0%), Abu Qir Fertilizers (-5.0%), and Valmore Holding -EGP […]
Author Archives: enterpriseam admin
🗓️ MARCH 24 February - 14 March (Tuesday-Saturday): Ramadan Premium Market at the Arena, Cairo West. 28 February - 11 March (Saturday-Wednesday): Qahrawya Iftours. 8-12 March (Sunday-Thursday): Mohamed Abdel Wahab Museum opens in Downtown Cairo. 9-16 March (Monday-Monday): Hakawy El Qahera Tent at the Citadel. 12 March (Thursday): Ramadan program at the Multicultural and Artistic […]
Ten Red Sea facilities in Egypt open as GCC producers run out of space
Today is day T-minus 18 out of a 25-day countdown before GCC oil producers run out of storage space
Art. Sound. Movement. This month, Somabay welcomes NoArt for a night where sound, art, and energy converge by the Red Sea. With a global lineup featuring ANOTR, Bella, Chloé Caillet, Chris Stussy, Job Jobse, Palms Trax, and Misty, the Bay transforms into an open-air stage where music moves freely from sunset into the night. A […]
EGP hits record low of 52 against the USD
The greenback was trading at EGP 52.11-52.21 at state-owned banks and the CIB
Government to funnel all Alam El Roum proceeds into treasury to bridge FX gap
Fitch currently estimates the country’s total debt obligations at around USD 18 bn
Industry Ministry ends the three-year ban on selling industrial land
The move allows investors to exit or pivot their capital much faster, reducing the “dead money” risk associated with building factories
The war creates an unexpected boom in exports to Europe, Africa
The USD 9 bn Gulf market is effectively shut, but new markets are requesting more Egyptian goods