? EARS TO THE GROUND- No Stupid Questions lives up to its name. A production of the Freakonomics Radio Network, the podcast is a medium for hosts Angela Duckworth (author of Grit) and Mike Maughan (tech and sports executive) to get into a safe space of inquiry that listeners can enjoy. The sky’s the limit […]
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What the markets are doing on 27 February, 2024
The EGX30 rose 0.94% at today’s close on turnover of EGP 8.9 bn (112.2% above the 90-day average). Foreign investors were net sellers. The index is up 17.3% YTD. In the green: Orascom Construction (+12.8%), El Sewedy (+9.8%) and Fawry (+8.1%). In the red: Oriental Weavers (-5.7%), Juhayna (-4.0%) and Ezz Steel (-4.0%).
Meet our founder of the week: Tulima Farms’ Zeina Salama
Tulima Farms prioritizes environmental sustainability by avoiding the use of chemical pesticides on their produce
FEBRUARY 26-29 February (Monday-Thursday): Art direction workshop at SYNC School. 26-2 February-March (Monday-Saturday): Fifty Years of Cinematic Portraits exhibition at Photopia. 27 February (Tuesday): Hardcase + Divine concert at ROOM New Cairo. 28 February (Wednesday): Ali El Haggar concert at El Sawy Culturewheel. 28 February (Wednesday): Aziz Maraka at Cairo Jazz Club 610. 28 February […]
Cabinet directs plan to secure FX for strategic commodities
Good morning, folks. The news cycle has kept up the pace from yesterday’s landmark USD 35 bn agreement between Abu Dhabi wealth fund ADQ and the government. We’ve got plenty for you to read through this morning, so let’s jump right into it. WATCH THIS SPACE- #1- Cabinet directs plan to secure FX for strategic […]
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EGX30 drops 5% after Ras El Hekma announcement softens devaluation forecasts
The USD on the local parallel market has fallen nearly 17% since ADQ’s agreement with the government was announced on Friday
Ras El Hekma transaction not linked to IMF loan discussions, says IMF official
The announcement of the Ras El Hekma agreement indicates that both the Fund and the UAE have “a greater confidence” in Egypt