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Author Archives: enterpriseam admin
What the markets are doing on 12 February, 2024
The EGX30 rose 1.1% at today’s close on turnover of EGP 4.9 bn. Foreign investors were net buyers. The index is up 14.5% YTD. In the green: Oriental Weavers (+7.2%), Talaat Moustafa Group (+4.5%) and CIB (+4.5%). In the red: Egypt Kuwait Holding (-3.7%), Alexandria Containers and Cargo Handling (-3.5%) and Edita (-3.3%).
FEBRUARY 12 February (Monday): Oil painting workshop at Art Square Academy. 13-14 February (Tuesday-Wednesday): Ebni at Rawabet Art Space. 15 February (Thursday): Nouran AbuTaleb concert at Theatro Arkan. 15 February (Thursday): Komedy Koshk comedy open mic night at EDEN Spaces. 15 February (Thursday): Valentine’s Bazaar by Le Marché. 16 February (Friday): Amr Hassan concert at […]
All eyes on Rafah
Good morning, wonderful people. We are kicking off the workweek with a packed issue filled with a little bit of everything — privatization, economy, diplo, and M&A. But before we dive in: All eyes are on Rafah this morning after Israel launched airstrikes on the southern town of Gaza. The attack resulted in regional and […]
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 could retain 20% in Ras El Hekma following sale to Gulf investor
The cabinet is currently reviewing “investment offers for important projects that are expected to generate huge resources of foreign currency”
Inflation drops to its lowest level since January 2023
Annual inflation in urban areas slowed to 29.8% in January from 33.7% in December
Goldman Sachs calls for Egypt to build liquidity buffers and curb FX demand before devaluation
Egypt’s policy objectives are unlikely to be achieved without further policy tightening and sufficient FX liquidity buffers ahead of a devaluation, the bank said
Vodafone Egypt to up its stake in Basata to 20%
Vodafone acquired its existing 10% stake in the firm in 2022