The EGX30 rose 0.5% at today’s close on turnover of EGP 5.2 bn (49.7% above the 90-day average). Regional investors were net sellers. The index is up 14.2% YTD. In the green: Delta Sugar (+8.6%), Juhayna (+6.8%) and Madinet Masr (+6.2%). In the red: Egypt Kuwait Holding (-8.3%), CIB (-3.5%) and Eastern Company (-2.3%).
Author Archives: enterpriseam admin
Ancient Egyptian calendars still have it
Not just a tool for timekeeping, but an integral part of everyday life
FEBRUARY 5 January-2 February (Friday-Friday): Intro to Improv with Ramsi Lehner. 14 January-5 February (Sunday-Saturday): Mahmoud Moussa Retrospective Exhibit at Motion Art Gallery. 27 January-6 February (Saturday-Tuesday): Inside the Corner Pink House at Bibliothek Art Gallery. 1 February (Thursday): AlMawlaweyaAlMasreya at Theatro Arkan. 1 February (Thursday): Open Mic at Consoleya. 1 February (Thursday): A Smooth […]
EGX30 in bull market territory
Good morning, friends. It’s a tense morning in Cairo after the EGP hit 70 against the greenback. With the central bank set to meet tomorrow to discuss interest rates, speculation is rampant in the domestic and global press alike that we’re both edging toward devaluation and closing in on agreement with the International Monetary Fund […]
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.
Reports suggest we’re closing in on a new, larger IMF package + devaluation. Here’s what to watch for.
An IMF delegation has been in Cairo for two weeks to work out the contours of an agreement
IMF cuts our growth outlook — again
The Fund also revised downwards its growth estimate for the last fiscal year to 3.8%
Mohammed Gad, CEO of Standard Chartered Egypt
The Egyptian arm of the multinational lender has officially launched operations
Youssef + Partners is shaking up the legal industry with generative AI
The law firm said that Integrating AI will help streamline legal functions
Mashreq delivers record net income in 2023
The growth was mainly attributed to a 69% y-o-y rise in net interest income