The EGX30 fell 0.1% at today’s close on turnover of EGP 5.5 bn (38.2% above the 90-day average). Foreign investors were net sellers. The index is up 17.7% YTD. In the green: Alexandria Containers and Cargo Handling (+9.6%), Delta Sugar (+4.1%) and Eipico (+3.0%). In the red: E-Finance (-2.5%), Ibnsina Pharma (-2.5%) and Orascom Development […]
Author Archives: enterpriseam admin
FEBRUARY 21 February (Wednesday): Sharmoofers live concert at Cairo Jazz Club 610. 21 February (Wednesday): Celebrating 100 Years of the Legendary Um Kalthoum at the Grand Egyptian Museum. 21 February (Wednesday): Women’s Writing Circle at the Austrian Cultural Forum. 21 February (Wednesday): Der Projector short film screenings at Goethe-Institut Ägypten. 21-22 February (Wednesday-Thursday): Omar KhairatHafliti […]
US to call for temporary Gaza ceasefire in UN resolution
Good morning, folks. We may have been off to a slow start this week in local business news, but it seems that everyone’s been saving up their announcements for today. We’ve got a packed issue for you today with news that the Tamar field is set to triple its annual gas exports to Egypt, welcome […]
Escape to Somabay, where the sun-kissed shores await your arrival. Immerse yourself in the warmth of a perfect vacation, starting each day with the radiant embrace of the sun. Unwind, explore, and create unforgettable memories in this paradise by the sea.
Egypt sees an uptick in tourist arrivals in 2024, despite Gaza war straining tourism targets
Egypt wants to increase number of hotel rooms to 432k by 2028 to welcome 30 mn tourists a year
Israel to up Tamar gas exports to Egypt by 4 bn cubic meters per year over the next decade
The increased volumes will depend on output from the Tamar field increasing
Value of Egyptian M&As fell 62% in 2023
Egypt saw a 53% y-o-y decrease in the number of M&As in 2023 to 139 transactions
Maait unveils more details on the new Unified Budget Act
The amendments will help improve the state’s financial indicators
Partech closes USD 300 mn Africa-focused fund
The fund will invest in African tech startups with initial tickets of USD 1 mn-USD 15 mn in African startups