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The EGX30 fell 2.9% at today’s close on turnover of EGP 3.0 bn (42.1% below the 90-day average). Foreign investors were net buyers. The index is up 13.4% YTD. In the green: Orascom Construction (+1.0%). In the red: E-Finance (-11.6%), Alexandria Container and Cargo Handling (-6.1%) and Juhayna (-5.5%).
Author Archives: enterpriseam admin
Posted inENTERPRISE ENTERTAINMENT CALENDAR
22-29 March (Friday-Friday): Spend the Day in Khalifa with Megawra. 27 March (Wednesday): Mazaher Zar performance at Makan. 28 March (Thursday): Women Night Race by Cairo Runners. 28 March (Thursday): Kayf Bada2at Al Bakasa comedy performance at Rawabet Art Space. 28 March (Thursday): Mai Kamal performance at The Drive. 28 March (Thursday): Layalina x Wust […]
Posted inWhat We're Tracking Today
Gov’t clears USD 2.8 bn port backlog
Good morning, folks. The rise (and hopefully fall) of commodity prices is back in the headlines this morning, with news from the government that they’re launching a new initiative to cut commodities prices by 30% by the end of Ramadan. We’ve got the low-down of this new initiative, news that the IMF’s Executive Board is […]
Posted inAdvertiser
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 […]
Posted inCommodities
Gov’t launches initiative to cut commodity prices by up to 30%
Businesses are set to reduce prices by 15-20% this week as they work to gradually ramp up the price cuts to 30% following the Eid Al Fitr holiday.
Posted inM&A WATCH
Abu Dhabi wealth fund Mubadala acquires 100% of Adwia parent company Kelix Bio
DPI, BII, and EBRD offloaded all of their shares in the company to Mubadala
Posted inCapital markets
Concrete shares up nearly 17% on second day of trading
The EGX celebrated the debuts of the two companies with bell-ringing ceremonies yesterday
Posted inWAR WATCH
UN Security Council votes for immediate Gaza ceasefire
A high-level Israeli delegation canceled its trip to Washington in wake of the news
Posted inA MESSAGE FROM VODAFONE
25 years of growth, impact, and sharing special moments
Words can have a profound impact on our lives. For 25 years, Vodafone has been helping customers convey words and there is nothing more powerful. From humble beginnings to becoming an integral part of mnsof stories, Vodafone’s latest campaign reflects a journey beyond mere connectivity, serving as a poignant reminder of how we have transcended […]
Posted inMoves
Abdelhalim Allam re-elected as head of Egyptian Bar Association
The victory follows Allam’s 2022 election