The EGX30 was almost flat at today’s close on turnover of EGP 2.2 bn (56.1% below the 90-day average). Regional investors were net sellers. The index is up 12.2% YTD. In the green: Elsewedy Electric (+6.4%), Orascom Development Egypt (+3.7%) and Sidi Kerir Petrochemicals (+2.2%). In the red: Mopco (-4.9%), Abu Dhabi Islamic Bank (-3.7%) […]
Author Archives: enterpriseam admin
APRIL 3 April (Wednesday): Fi El Leila El Kebira performance at Theatro Arkan. 3 April (Wednesday): Karim Zidan concert at Elsawy Culturewheel. 4 April (Thursday): Sarah Morgan performance at The Drive. 4 April (Thursday): Red Sea Heritage Musical performance at ROOM Garden City. 4 April (Thursday): Qahrawya’s Iftour in Desert of the Mamluks. 5 April […]
El Sisi begins his third term today
The presidency will officially begin its move to the new capital as of today
Somabay set to make a splash again with World Aquatics triple event extravaganza: Somabay is hosting the World Aquatics series for the second year, featuring three events in March, May, and August. The series includes the World Aquatics Open Water Swimming World Cup 2024, World Aquatics Elite Beach Water Polo World Cup 2024, and the […]
Net foreign liabilities narrow by USD 7.1 bn in February as Ras El Hekma funds start to reflect in banks’ sheets
It could be a matter of time before we see a larger improvement
We could receive the second tranche of our IMF loan in June
Egypt is in line to receive the second USD 820 mn tranche under the IMF’s USD 8 bn loan program this summer
Akef El Maghraby appointed as Suez Canal Bank’s new CEO and managing director
El Maghraby’s move is part of a wider shuffle that could see several other state-owned banks shake up their leadership
Auto sales rebound in February
Distributors sold some 7.4k units last month, up almost 20% m-o-m
EFG Hermes tops EGX brokerage league table in March
EFG Hermes has held the top spot every month so far in 2024