The EGX30 rose 2.1% at today’s close on turnover of EGP 7.1 bn (117.4% above the 90-day average). Foreign investors were net buyers. The index is up 17.4% YTD. In the green: CIB (+8.5%), B Investments (+7.7%) and Abu Qir Fertilizers (+7.1%). In the red: Alexandria Containers and Cargo Handling (-5.1%), Ezz Steel (-4.5%), and […]
Author Archives: enterpriseam admin
JANUARY 5 January-2 February (Friday-Friday): Intro to Improv with Ramsi Lehner. 6 January-28 February (Saturday-Wednesday): Crochet courses at Monalisa Art Studio. 14 January-5 February (Sunday-Saturday): Mahmoud Moussa Retrospective Exhibit at Motion Art Gallery. 30 January (Tuesday): Taco Tuesday at Cairo Jazz Club 610. 31 January (Wednesday): Wednesday Night Live at Cairo Jazz Club 610. FEBRUARY […]
Big news from KSA
Good morning, wonderful people, and happy Sunday. We’re kicking off the week with a lot of econ news, between more devaluation speculations, Citibank cutting outlook on local USD bonds, and the CBE gearing up for its first meeting of the year. But before we dive into all that, we’ve got a very special announcement for […]
DISCOVER SOMABAY: Embark on a journey of discovery in the heart of Somabay, where crystal-clear waters meet golden sands and luxury meets serenity. Experience a world of adventure, relaxation, and natural beauty like no other. From thrilling water sports to world-class golf, Somabay offers it all. Explore vibrant coral reefs, unwind in luxurious spas and […]
S&P sees the EGP losing half its value
The rating agency thinks that “more clarity on exchange rate policy would benefit trade and economic growth
Egypt transfers ownership of gov’t HQs to the Sovereign Fund of Egypt
The move is part of a wider plan to revamp Downtown Cairo
Houthi strike on tanker carrying Russian fuel puts further pressure on the Egyptian economy
Suez Canal revenues fell 44% y-o-y in January
Hedging is off the table for wheat contracts - El Moselhi
Egypt’s strategic reserves of wheat currently stand at 4.2 months
DXwand secures USD 4 mn to step up AI research and regional expansion
The startup plans to use the fresh funds for regional expansion